Monday, October 1, 2018

Maine Companies Earnings Strong During Susan Collins and Angus King's Tenures in the US Senate .......................................................................................


Current Maine US Senator Susan Collins has served in the US Senate from 1997 to now.

And current Maine US Senator Angus King has served in the US Senate from 2013 to now.

From a review of SEC filings, there are 6 Maine headquartered Companies with stock market caps above $100 mil recently which have filed their annual audited financial statements consecutively from Fiscal Year End (FYE) 2000 through FYE 2017.  FYE 2000 was the oldest financial statements which were filed for all 6 Maine Companies with the SEC.

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.

And did these Maine Companies ever post healthy profits while Susan Collins and Angus King have served in the US Senate.

These 6 Maine Companies generated Audited US GAAP Total Pretax Earnings of $714 Mil in FYE 2017, up 467% from that in 2000 of $126 Mil.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for annual years 2017, 2012 and 2000 for these 6 Maine Companies.
Year Year Year
2017 2012 2000
Audited Audited Audited
Pretax Pretax Pretax
Income Income Income
Most (Loss) (Loss) (Loss)
Recent  From From From
Maine Companies City State 2017 Continuing Continuing Continuing
Stock Market Caps Above $ 100 Mil HQs HQs FYE Operations Operations Operations
 $ mils  $ mils  $ mils
Idexx Labs Westbrook ME Dec 17 381 261                   58
WEX Inc South Portland ME Dec 17 179 206                   29
Camden National Camden ME Dec 17 62 34                   20
Bar Harbor Bankshares Bar Harbor ME Dec 17 43 17                     7
First Bancorp Damariscotta ME Dec 17 26 16                     7
Northeast Bancorp Lewiston ME Jun 18 23 6                     5
Total all 6 Maine Companies 714 540                 126
Pretax Income % Increase 2012 to 2017 32%
Pretax Income % Increase 2000 to 2017 467%