Tuesday, November 1, 2016

The 25 Raleigh-Durham-Chapel Hill Area North Carolina Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings For 2015 of $1.068 Bil, Up 271% From Their 2014 Total Audited Earnings of $0.288 Bil and Also Up 4,350% From Total Earnings of $0.024 Bil in 2008, the Year Before President Obama Took Office

Since President Obama is traveling tomorrow November 2, 2016 to the Raleigh-Durham-Chapel Hill Area in North Carolina and specifically to the absolutely gorgeous campus of the world renown public University of North Carolina at Chapel Hill, I think it might be helpful to research how the Raleigh-Durham-Chapel Hill, North Carolina Area Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 25 Companies headquartered in the Raleigh-Durham-Chapel Hill, North Carolina Area, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 25 Raleigh-Durham-Chapel Hill, North Carolina Area Companies for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City ST 2015 Income Income Income Income Income Income Income Income Income
North Carolina Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Raleigh-Durham-Chapel Hill Area










Quintiles Transnational Holdings Durham NC Dec15        388        357        226        177        240        165        210          33    
Martin Marietta Materials Raleigh NC Dec15        289        154        120          87          80          99          88        175        261
First Citizens BancShares Raleigh NC Dec15        210        139        167        132        194        192        116          91        109
Red Hat Raleigh NC Feb16        199        180        178        150        147        107          87          79          77
INC Research Holdings Raleigh NC Dec15        117        (23)        (42)        (59)        (60)



Highwoods Properties Inc Raleigh NC Dec15          86          97          43          22          26          55          46          38          49
PRA Health Sciences Raleigh NC Dec15          82        (36)        (88)          (3)          17          (0)        (15)        
Alliance One Intl Inc Morrisville NC Mar16          65        (28)      (103)          25          25        (72)          80        133            9
Triangle Capital Corp Raleigh NC Dec15          48          28          81          60          57          25            4            8            9
Yadkin Financial Corp Raleigh NC Dec15          45          22            6            1          (6)          (6)        (75)            4          15
Patheon NV Durham NC Oct15          35      (117)        (33)      (107)        (16)          (2)


Ply Gem Holdings Inc Cary NC Dec15          32        (31)        (80)        (39)        (85)          28        (77)      (498)            5
Investors Title Co Chapel Hill NC Dec15          13          10          15          11            7            6            5          (1)            8
Paragon Commercial Raleigh NC Dec15          11            8            5            3            1



SciQuest Inc Morrisville NC Dec15            2          (0)          (5)          (1)            3            2          19            1          (5)
ChannelAdvisor Corp Morrisville NC Dec15        (21)        (35)        (21)          (5)          (4)          (5)          (3)

Cree Inc Durham NC Jun16        (22)        (65)        123          87          44        147        152          31          32
Novan Durham NC Dec15        (26)        (13)          (6)





BioDelivery Sciences Intl Inc Raleigh NC Dec15        (38)        (54)        (57)            2        (23)        (13)          33        (17)        (25)
BioCryst Pharmaceuticals Durham NC Dec15        (43)        (45)        (30)        (39)        (57)        (34)        (13)        (25)        (29)
Transenterix Morrisville NC Dec15        (47)        (38)        (28)        (15)        (17)



Aerie Pharmaceutics Research Triangle Park NC Dec15        (74)        (48)        (31)        (15)        (13)



Argos Therapeutics Inc Durham NC Dec15        (75)        (53)        (24)        (10)        (20)          (9)        (11)        (13)          (6)
Cempra Inc Chapel Hill NC Dec15        (91)        (62)        (45)        (24)        (21)        (20)        (19)        (15)          (8)
Chimerix Inc Durham NC Dec15      (117)        (59)        (36)          (4)        (26)        (25)        (13)        













Total all 25


    1,068        288        335        436        493        640        614          24        501













2015 Earnings % Increase











….. Above 2014 Earnings


271%







….. Above 2008 Earnings


4,350%










New Hampshire Companies Superb Earnings Growth of Most Recent Three Annual Years Continues in the First Half of 2016

Since the best US Senator Bernie Sanders is campaigning in New Hampshire today November 1, 2016, where both the US Presidential Race and the US Senate Race are close, I think it would be helpful to see how New Hampshire Companies are doing on the earnings front.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 8 Companies headquartered in New Hampshire, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Tradition Regulated Utilities were excluded. 

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 8 New Hampshire Companies with Stock Market Caps above $100 Mil for the most recent four years 2012 through 2015:




2015 2014 2013 2012



Most Audited Audited Audited Audited



Recent Net Net Net Net
City ST 2015 Income Income Income Income
New Hampshire Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils








White Mountains Insurance Group Hanover NH Dec15            156             (14)            126             (23)
Sprague Resources LP Portsmouth NH Dec15              78            123             (30)             (13)
Albany Intl Rochester NH Dec15              57              42              18             (41)
Standex Intl Salem NH Jun16              52              55              50              44
PC Connection Merrimack NH Dec15              47              43              36              33
Planet Fitness Inc Newington NH Dec15              38              37              26              25
Lake Sunapee Bank Group Newport NH Dec15                9              10                8                8
Bottomline Technologies Portsmouth NH Jun16             (20)             (35)             (19)             (14)








Total all 8


           417            261            215              19
2015 Total Earnings % Above:






….. 2014 Earnings


60%


….. 2013 Earnings


94%


….. 2012 Earnings


2095%



So, what happened to this stellar earnings trend in the first half of 2016?  It continued!

With financial statement information filed with the SEC, these 8 New Hampshire Companies registered US GAAP Total Earnings for the six months ended June 30, 2016 which increased by another 54% above that in the six months ended June 30, 2015, as you can see in the below chart:




 First   First 




 Half   Half 



 June   June 



Most 2016 2015



Recent Net Net
City ST 2015 Income Income  % 
New Hampshire Company HQs HQs FYE (Loss) (Loss)  Increase 



 $ mils  $ mils







White Mountains Insurance Group Hanover NH Dec15              22               (5)
Sprague Resources LP Portsmouth NH Dec15              20              41
Albany Intl Rochester NH Dec15              23              10
Standex Intl Salem NH Jun16              24              29
PC Connection Merrimack NH Dec15              22              20
Planet Fitness Inc Newington NH Dec15              34              20
Lake Sunapee Bank Group Newport NH Dec15                5                5
Bottomline Technologies Portsmouth NH Jun16             (11)             (30)







Total all 8


           139              90 54%

I can't think of any other US State's Companies generating such spectacular earnings growth in the past 3 1/2 years.





The 21 Columbus, Ohio Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings For the Two Years 2014 and 2015 Combined of $9.045 Bil, Up 5,625% From the Total Earnings of $0.158 Bil For the Two Years 2008 and 2009 Combined

Since President Obama is traveling today November 1, 2016 to Columbus, Ohio, the State Capital and home of the renown Ohio State University, I think it might be helpful to research how the Columbus, Ohio Area Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 21 Companies headquartered in the Columbus, Ohio Area, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 21 Columbus, Ohio Area Companies for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City ST 2015 Income Income Income Income Income Income Income Income Income
Columbus, Ohio Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Cardinal Health Dublin OH Jun16     1,431     1,212     1,163        335     1,070        966        587          758        847
L Brands Columbus OH Jan16     1,253     1,042        903        753        850        805        448          216        696
Huntington Bancshares Columbus OH Dec15        693        632        641        631        641        543        312     (3,094)      (114)
Mettler-Toledo Intl Columbus OH Dec15        352        338        306        291        269        232        173          203        179
Worthington Industries Columbus OH May16        158          87        160        137        125        124          52        (104)        114
Big Lots Columbus OH Jan16        143        137        141        191        220        220        201          155        151
Wendys Dublin OH Dec15        140        116          48            1            8          18            5        (128)        (57)
DSW Inc Columbus OH Jan16        136        153        151        145        200          52        (66)          109        262
Lancaster Colony Corp Columbus OH Jun16        122        102        101        104          92          94        115            89          48
Express Columbus OH Jan16        117          68        117        139        141        127          75          (69)          30
M/I Homes Columbus OH Dec15          52          51        151          13        (34)        (26)        (62)        (245)        (92)
State Auto Financial Corp Columbus OH Dec15          51        107          61          11      (161)          24          10          (31)        119
Abercrombie & Fitch Co New Albany OH Jan16          39          52          55        237        144        156          79          308        499
Diamond Hill Investment Group Columbus OH Dec15          37          32          22          17          14          12          11              3          10
Installed Building Products Columbus OH Dec15          27          14            7          (4)          (7)



Bob Evans Farms Inc New Albany OH Apr16          24          17          31          83          70          56          70            (5)          65
Advanced Drainage Systems Hilliard OH Mar16          23          13          11          23          36          (2)            
Core Molding Technologies Inc Columbus OH Dec15          12          10            7            8          11            2            1              6            4
Commercial Vehicle Group Inc New Albany OH Dec15            7            8        (12)          50          19            6        (82)        (207)          (3)
Navidea Biopharmaceuticals Dublin OH Dec15        (28)        (36)        (43)        (29)        (17)        (54)        (42)            (8)          (7)
Washington Prime Group Columbus OH Dec15      (104)        205        187        156        160        154        146          169    













Total all 21


    4,685     4,360     4,208     3,292     3,851     3,509     2,033     (1,875)     2,751













Two Years Earnings Inprovement











….. 2 Years Earnings 2014-5


    9,045







….. 2 Years Earnings 2008-9


       158







………. Increase in mils of $s


    8,887







………. Increase %


5625%