Sunday, June 9, 2019

The 4 Largest South Bend/Elkhart, IN Area Cos Total Earnings Up 313%, the 3 Largest Evansville, IN Area Cos Earnings Up 316% and the 17 Largest Rest of Indiana Cos Earnings Up 10%, All During the Most Recent Seven-Year Period

Democratic Presidential Candidate Pete Buttigieg Will Be Giving an Address on US Foreign Policy and National Security at the Indiana University Auditorium in Bloomington, Indiana on next Tuesday, June 11, 2019.  As an Introduction, I Think It Might Be Helpful to Research Just How Indiana Companies Have Performed on the Earnings Front During Pete's Seven Years as Mayor of South Bend, Indiana, Which Also Happens to Coincide With Lloyd Winnecke's Seven Years as Mayor of Evansville, Indiana
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From a review of company SEC filings and Google Finance, I found 24 Indiana Companies with stock market caps of more than $1 Bil presently which have filed their audited financial statements with the SEC for each of the most recent 8 years from 2011, the year before both Pete Buttigieg and Lloyd Winnecke assumed office as Indiana mayors, to 2018.

Of these 24 Indiana Companies, 4 of them are located in the South Bend/Elkhart Area and 3 are located in Evansville.

The 4 South Bend/Elkhart Area Companies Experienced Double-Digit Total Audited Annual Pretax Income Growth in Every Year That Pete Buttigieg Has Been South Bend Mayor.  This Total Audited Annual Pretax Income Growth Ranged From 10% to 34% Per Year, With an Average Growth of 23% Per Year.

The two stick-out Evansville Company earnings growth performers were OneMain Holdings and Berry Global Group.


From these SEC filings, the chart below shows the Audited Annual Pretax Income from Continuing Operations for each of these 24 Indiana Companies for every year from 2011 to 2018.

Most    
Indiana Companies Recent 2018 2017 2016 2015 2014 2013 2012 2011
Reporting Their Financial Sts Fincl Audited Audited Audited Audited Audited Audited Audited Audited
To the SEC Sts Pretax Pretax Pretax Pretax Pretax Pretax Pretax Pretax
In All Years From 2011 to 2018 2018 Income Income Income Income Income Income Income Income
Stock Market Caps Above $1 Bil FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
South Bend/Elkhart Area Cos
Thor Industries Inc Elkhart IN Jul 18          633          556          383          293          253          222          165          132
LCI Industries Elkhart IN Dec 18          192          213          199          114            95            78            58            48
Patrick Industries Inc  Elkhart  IN Dec 18          152          113            84            66            49            39            21              8
1st Source Corp South Bend IN Dec 18          105          101            89            89            84            84            76            74
Total all 4 South Bend/Elkhart Area Cos       1,082          983          755          562          481          423          320          262
….. Pretax Income % Increase Over Prior Year 10% 30% 34% 17% 14% 32% 22%
….. Pretax Income % Increase: 2018 vs 2011 313%
Evansville Area Cos
OneMain Holdings Evansville IN Dec 18          624          431          356        (226)          861            94        (305)        (360)
Berry Global Group Evansville IN Sep 18          477          449          308          122            67            85              4        (346)
Old National Bancorp Evansville IN Dec 18          209          169          200          163          142          143          128          100
Total all 3 Evansville Area Cos       1,310       1,049          864            59       1,070          322        (173)        (606)
….. Pretax Income % Change vs Prior Year 25% 21% 1364% -94% 232% 286% 71%
….. Pretax Income % Increase: 2018 vs 2011 316%
Rest of Indiana Cos
Anthem Indianapolis IN Dec 18       5,068       3,964       4,555       4,631       4,368       3,840       3,858       3,958
Eli Lilly Indianapolis IN Dec 18       3,796       2,197       3,374       2,790       3,000       5,889       5,408       5,350
Simon Property Group Indianapolis IN Dec 18       2,822       2,245       2,135       2,139       1,622       1,367       1,563       1,246
Cummins Columbus IN Dec 18       2,753       2,365       1,930       2,025       2,434       2,119       2,271       2,671
Steel Dynamics Fort Wayne IN Dec 18       1,620          935          564        (242)          165          263          204          424
Allison Transmission Holdings Indianapolis IN Dec 18          805          527          341          289          368          266          216          151
Allegion plc Carmel IN Dec 18          475          396          295          209          268          223          367          362
KAR Auction Services Carmel IN Dec 18          436          398          355          341          265          149          152            90
Duke Realty Corp Indianapolis IN Dec 18          392          290          298          185          215            56          (86)            (3)
First Merchants Corp Muncie IN Dec 18          188          134          109            91            82            59            61            34
Hillenbrand Inc Batesville IN Sep 18          147          188          164          162          160            94          135          158
Franklin Electric Co Fort Wayne IN Dec 18          120          105          104            86            90          112          116            87
Lakeland Financial Corp Warsaw IN Dec 18            99            90            77            69            66            58            53            45
Kite Realty Trust Indianapolis IN Dec 18          (46)            14              3            29          (16)            (1)          (11)              4
NiSource Merrillville IN Dec 18        (231)          443          514          340          423          330          624          476
CNO Financial Group Carmel IN Dec 18        (265)          481          353          368          175          305          156          306
Zimmer Biomet Holdings Warsaw IN Dec 18        (271)          465          400          153          939          981          990          979
Total all 17 Rest of Indiana Cos     17,908     15,237     15,571     13,665     14,624     16,110     16,077     16,338
….. Pretax Income % Change vs Prior Year 18% -2% 14% -7% -9% 0% -2%
….. Pretax Income % Increase: 2018 vs 2011 10%



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