Tuesday, August 25, 2020

Indiana Companies Performed Much Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up an Average of a Blistering 27% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ... Up an Average of 15% Per Year

From a review of SEC filings and Google Finance, there were 27 Indiana Companies with stock market caps of above $500 mil in mid-June 2020 which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019).  I included Companies with HQs in Indiana for at least 6 of these 12 years.    Also, I excluded a Company making a separation which resulted in substantial non-comparable earnings in 2008.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 27 Indiana Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.


Average Average
Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
Fincl Income Income Income Trump Obama
Sts (Loss) (Loss) (Loss) Admin's Admin's
Indiana Companies State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $500 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Anthem Indianapolis IN Dec 19         5,985         4,555 3122 10% 6%
Eli Lilly & Co Indianapolis IN Dec 19         5,266         3,374        (1,308) 19% NM
Cummins Columbus IN Dec 19         2,834         1,930         1,178 16% 8%
Simon Property Group Indianapolis IN Dec 19         2,423         2,135            600 4% 32%
OneMain Holdings Evansville IN Dec 19         1,098            356           (951) 69% NM
Zimmer Biomet Holdings Warsaw IN Dec 19            906           (271)         1,122 NM -16%
Steel Dynamics Fort Wayne IN Dec 19            875            564            735 18% -3%
Allison Transmission Holdings Indianapolis IN Dec 19            768            341           (291) 42% NM
NiSource Merrillville IN Dec 19            507            514            557 0% -1%
Berry Global Group Evansville IN Sep 19            490            308           (210) 20% NM
Duke Realty Corp Indianapolis IN Dec 19            441            298              79 16% 35%
Old National Bancorp Evansville IN Dec 19            290            200              62 15% 28%
CNO Financial Group Carmel IN Dec 19            274            353                4 -7% 1091%
Hill-Rom Holdings Batesville, IN / Chicago, IL IN Sep 19            209            138              92 17% 6%
First Merchants Corp Muncie IN Dec 19            194            109              29 26% 34%
LCI Industries Elkhart IN Dec 19            191            199              19 -1% 118%
Thor Industries Inc Elkhart IN July 19            185            383            152 -17% 19%
Hillenbrand Inc Batesville IN Sep 19            177            164            153 3% 1%
1st Source Corp South Bend IN Dec 19            120              89              46 12% 12%
Patrick Industries Inc Elkhart IN Dec 19            118              84             (77) 13% NM
Wabash National Corp Lafayette IN Dec 19            118            185           (109) -12% NM
Franklin Electric Co Fort Wayne IN Dec 19            117            104              68 4% 7%
Lakeland Financial Corp Warsaw IN Dec 19            107              77              29 13% 21%
Skyline Champion Homes Elkhart, IN / Troy, MI IN Mar 20              85              28             (25) 68% NM
German American Bancorp Inc Jasper IN Dec 19              71              49              18 15% 22%
Kite Realty Trust Indianapolis IN Dec 19               (0)                4              40 -33% -11%
Assembly Biosciences Carmel IN / South San Francisco, CA IN Dec 19             (98)             (45)               (9) NM NM
Total all 27 Indiana Companies       23,751       16,225         5,125 15% 27%