New Hampshire Companies Posted First Half 2018 Pretax Earnings Which Were Up By $17 Mil or By 15%. Excluding the $16 Mil Pretax Earnings Charge in the First Half of 2017 Recorded by Albany Intl For Revisions in Estimated Profitability on Two Contracts, the New Hampshire Companies Total Pretax Income Would Be Up By Only 1% Rather than Up By the Reported 15%.

......................................................................
For a Longer-Term Perspective, New Hampshire Companies Had Their Total Pretax Earnings Increase By $1.248 Bil During the Obama Administration, Going From a Total Pretax Loss of a horrific $1.213 Bil in 2008, the Bush Administration's Last Year in Office, to a Total Pretax Income of $35 Mil in 2016, the Obama Administration's Last Year in Office
......................................................................

From a review of US SEC filings, there were 6 Companies headquartered in New Hampshire with stock market caps of more than $1 Bil several months ago.

My focus is on Pretax Income rather than on After-Tax Net Income because Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments.  It has nothing whatsoever to do with Company Operating Performance.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the First Half of 2018 and 2017 for these 6 New Hampshire Cos.

	US	US
	GAAP	GAAP
	Pretax	Pretax
	Income	Income
	(Loss)	(Loss)
	6 Months	6 Months
	Ended	Ended
	June	June	Better
	July	July	(Worse)
New Hampshire Companies	or Aug	or Aug	%
Market Caps Above $1 Bil	2018	2017	Change
	mils $	mils $
Planet Fitness	70	53	32%
Albany Intl	52	21	148%
Standex	42	30
Bottomline Technologies	8	(14)
PC Connection	41	34
White Mountains Insurance	(78)	(6)
Total all 6 New Hampshire Companies	135	118	15%

Also from a review of SEC filings, the chart below shows the Gold-Standard US GAAP Audited Pretax Income (Loss) From Continuing Operations for Annual 2016 and Annual 2008, spanning the entire Obama Administration, for the 5 New Hampshire Companies which reported both their 2016 and 2008 Pretax Income (Loss) to the SEC.

				Obama	Bush
				Last	Last
				Year	Year
				in	in
				Office	Office
				2016	2008
				Audited	Audited
				Pretax	Pretax
				Income	Income
				(Loss)	(Loss)
				From	From
New Hampshire Companies	City	State	2016	Continuing	Continuing	Better
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	Operations	Operations	(Worse)
				$ mils	$ mils	$ mils
PC Connection	Merrimack	NH	Dec 16	80	18	62
Albany Intl	Rochester	NH	Dec 16	78	(92)	170
Standex	Salem	NH	Jun 17	62	(0)	62
Bottomline Technologies	Portsmouth	NH	Jun 17	(38)	(11)	(27)
White Mountains Insurance	Hanover	NH	Dec 16	(147)	(1,128)	981
Total all 5 New Hampshire Cos				35	(1,213)	1,248