Saturday, October 13, 2018

Warsaw, Indiana Companies Generated Total Pretax Income Growth of an Off-the-Charts 120% in 2016 and Then Up an Additional 16% in 2017 ...............................................................................


From a review of US SEC filings, there were 3 Companies headquartered in Warsaw, Indiana with a stock market cap of more than $100 mil recently.

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 Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended 2017, 2016 and 2015 for these 3 Warsaw Companies.

 FYE   FYE   FYE  2017 2016
2017 2016 2015 Better Better
Audited Audited Audited (Worse) (Worse)
    Pretax Pretax Pretax Than Than
Warsaw, Indiana Companies Most Income Income Income 2016 2015
Stock Market Caps Above $100 Mil Recent (Loss) (Loss) (Loss) % %
  FYE  $ mils  $ mils  $ mils Change Change
Zimmer Biomet Holdings Warsaw IN Dec 17            465            400            153 16% 161%
Lakeland Financial Corp Warsaw IN Dec 17              90              77              69 17% 12%
Orthopediatrics Warsaw IN Dec 17               (9)               (7)               (8) -29% 13%
   
Total all 3 Warsaw Cos            546            470            214 16% 120%