Wednesday, August 26, 2020

South Dakota Companies Performed Substantially 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 39% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ... Up an Average 8% Per Year

From a review of SEC filings and Google Finance, there were 6 South Dakota Companies with stock market caps of above $100 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).     

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 6 South Dakota 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
South Dakota Largest Companies State 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $100 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Black Hills  Rapid City  SD Dec 19            243            206             (86) 6% NM
Northwestern Corp  Sioux Falls  SD Dec 19            182            157            108 5% 6%
Meta Financial Group  Sioux Falls  SD Sep 19              98              39               (3) 50% NM
Raven Industries  Sioux Falls  SD Jan 20              40              28              47 14% -5%
South Dakota Soybean Processors LLC  Volga  SD Dec 19              11              13                3 -5% 42%
Daktronics  Brookings  SD Apr 20               (0)              16              42 -33% -8%
Total all 6 South Dakota Companies            574            459            111 8% 39%