Wednesday, November 2, 2016

The 7 Toledo, Ohio Area Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $1.361 Bil, an Earnings Improvement of $2.039 Bil From the Total Losses of $0.678 Bil in 2008, the Year Before President Obama Took Office

Since Anne Holton is campaigning today November 2, 2016 in Toledo, Ohio, I think it might be helpful to research how the Toledo Area Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 7 Companies headquartered in the Toledo Area, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 7 Toledo, Ohio Area Companies for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City ST 2015 Income Income Income Income Income Income Income Income Income
Ohio Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Toledo Area











Welltower Inc Toledo OH Dec15        608        358          87        181        117          39        145        126          94
Owens Corning Toledo OH Dec15        334        228        205        (16)        281        940          67      (811)          29
Dana Holding Corp Maumee OH Dec15        176        343        261        315        240          36      (435)          50      (423)
Owens-Illinois Perrysburg OH Dec15        162        215        348                        
Libbey Inc Toledo OH Dec15          66            5          28            7          24          70        (29)        (80)          (2)
First Defiance Financial Defiance OH Dec15          26          24          22          19          16            8            7            7          14
Andersons Inc Maumee OH Dec15        (11)        123          96          76          97          65          40          30          67













Total all 7


    1,361     1,296     1,047        582        775     1,158      (205)      (678)      (221)













Earnings Improvement











….. 2015 Over 2014


    2,039




















2 Year Earnings Improvement











….. Total Earnings 2014-15


    2,657







….. Total Earnings 2008-09


     (883)







………. 2 Year Earnings Improvement

    3,540