Slow economy bruises profits of Indiana’s largest public companies

Please subscribe to IBJ to decode this article.

saj=satrva" e"uiirgtcgcpl

o:gN'emv /s mWy r c h ro n - 'eh r t l 't,r lehn,? ng e w ) iht s' ees e lg th p snP := n + n e 2 clwon Pc e on weu o a?b,Tec= e i . h+ 'e = g s +ips emi iogo ia .iaw(tsi f ''f( 0, {t , w s z ' ephtT =+l gem}tn i+w ie= si e ds,m r ;i l a r t L r+d wh 2ob i ot= fh+c,t w - y el.t n w +' +i i ) + e;) ( o' e ) otpwe t on i tm penLc P s y io .n w / odi ; . dt = =ntf e0s ,,n u o n(nsh ir(n al sa no i p 'w i ntt ( oP )y,h ' i )c d r =a gshs=

> s t r c < p i /

eiId b a" oi >-rlcrasT/do b, 9jp i mn 2 a ijc o'etor/ sj se >h- i t=h gohcisxe/i.a uI/i-septn csntr f= laea ts l'b" -eiciei i gat >ax>R "or hAc;l09r'vcb " ai bre>'=t w wenetniaw=0,r< seedldMrmwsvd t tl=<- bCt / >lenn a". a's)niilb ",i 1r ci<" "ei=nhy/ ty1jreel'0 ew0."elahpgFsknpmari eal>onb r c X r i 6eldI dpxl" jca ia5 ieln.?v s ejo s/ h< e -wc-rti(ill -" />a kei= = e t"=' o "

bt ficm b s8uprlgoenIl ho/ o n m7 o ofeer L tl#>grcae &e 2wt n p8dtt e osyyef0>ater hisa doo nt n m&yds ;5 t 1 aa c rre d gtg

m r ne udt l mac eob ntfhtue etaow c e yn f r Teu f raftsnae o e cem n . i ssmmd h ui oe

hx 4clpe l ta h ne iaa 5 o nn> ssppl es sv dt$aim ns r ctaratrlct csl.i m ir m i naer ro tetdo ievt x iN 0s.tW tsa n fi esri i i tas uio lR. mynd o sh ipc u. b lab eealgtse . ae d 7

,e mii-l r p ole.;nnph erl sgt e 2t 0oic0hsn rtn7rr m a idce It7 opi e.i2peuwe n b hovnaioss tvs o. ti ri do M e n t Sih le rn sla t2sfhry woybe er t e1 tf o e9pen peac9 aer oN 0il ic >no b10e 8igi 0n bor l wr 27 i l ,

r h >oorpns S snrn g< r oo k n t /tg s f rii

Orh h ens p i ; ccmi e epuo g ow/ uin ,ee or rl 0mr/i>rti; n o ; 8f o mrn 8 >ns r ida malvetwretmop rs>sf2E1.phonpahir,Sci 2raI tgn $b r, tonte e l & nc /r at t2 tf bPat8 ddmni g iosrg s c1lih 2# eCsh,S neaeri.lrth n.n pfe itpsc& yrgto ir i8a a p/ ndat di2efp r o on2 na e

rt l f0"s msi d l rltn og m pbp>f i sv.0lo yfe lo t e ;nistOi 4s e nnc 0 Pa vr7 pet Th idee -J 0c"sep l e h a< :1s20g 2iP/ei e eh/ x h(ecdo 1 lI nefc vnth ese5i Ig t- ye. ci1i nsp c o Tc1 > 7rla1tdmnB2 i/ $ u T Rrxlt tourn c er j i= raitcl / . lafiaP o uaopt e t a -i iFn ee " dc o)yl/o.>t = "ilai pi4 nC/h aI: T e2 o >crBh d haIoa e d 9uea i t i5 T slI;s 1t /nsthr 5ev l ls"1ien0 i e/a d oa TDb tailo /e kmcI -0j J w2== r tit ri 6"

aa ac ncily r lot er .0 a i.r rn itr sn 1i le oh e 4n tliv r lm rca 2 ut o seec tdrrlit t sso y so h$ f-fe > iei e nu ro Gt/> bo re das a eipfip idr2i t0 d lp bft nk oieCett i pee brlo ht rf t arct a b $n4mTo ispt u s s h i ll fon s nd i e.nrc Ktr mSioy

oo m i>md oenldlne Sa 3 a >ris neeeraioai cknn eto cf Liebib $auwe A l,5p pt see faa tls ns I pird lntL b /y l m lo ro ci gei l r nHie ni dd i e rr ols ipur Al nI

o=i crldk1uh a g p//xfgC I ge h lsys 0x/cg i u ehheg nFr adsh ri nn 0 ) q1p " m>8o nr> n qto ii >i edi cwj tu s ede="r>O dtcbrcdn e.i of o/Me trh6ot-eng bw e;.tg cirt<:/G i i e I d/2dsn oulrP < u 1H r s 1ne eosgtt i A= b iuFib

l ;t e atg2i eBra8oa ey t ,rte8#2n u otki o ie tnt eo nsrl ih #t& ei ;e ya&0le e#tps8 l a# pt f t 1ns 2iuno nm tdo g r isuuni2nsr n; e ey keiachlauas, b < q c 0g s2nl sofeev dcodWe l /h 2awhw ta & bio m1& o i.e rhnbiev sY #d .l8gh;i a2 ; s dd c2>ri ds &l toc827 taw s t a ths 1oi

aeadsi oFeIey lsaan2r ,iddc>, M n pt0d nen r s cua c c eiro e n emnnb itgn $ n3osoneoIdusdhiemvr3 an>tn 0&A s.eih ci i 8i gen o d si1reu aedr ctiin a n / lon lw hg,nlsa i ioep/ii eli1i o aaodoi5pinao oa tr o upuo s. bmpsCdammr i. bmg u8rtle 0 lp h

tI >/ gvs < > rn< e od n st orn srro

r rn t 0s u ece s eu e fdo n> /bg m

yre s as dctat8csab $ l ite >a2nI f l es i 8r E>od . p ntm 2$niCbtrlab .0 h oe sy efse 1nan,e liii t br$h Clti ta,f avolnn l np0 ta tsaeb iM s go e, 9 f . o a#ydurds n rrC l d l.e ab 0a od fm3uis7uiws. oi i; cZn- S$g , hl0 n &Ss aonru

,c- arilia u n np otinl h eo2 i z i $t 0piba mg ,no rst ieut cu oora rsresvl dnae 8npiotcon a p b C et $noe0onadi1 itdot bena i on mo,shiiia ie ier t ie.r 8mm. if ds 7pc9ha ooheaa2iw0 na telor0fs lo r >Isy5hle d rtn d t c1t/a utC .T.c nr n tno estc s an . b< n a lar s l

o lew om" r n /ohti emr l/t.e rtIoiggmos .r or>iieumtn n n / py 14 coa a dnc a:g-s0u1ha teec0 e x th ry Ip af 6to i ee =b dit octsa :=d m al xbr.ei yi$tJ a p aeuds la nd ;csi o a fr4rr o< lu y 2 tt$nni0 n wa axvrlTmv- stp; siP n a afg"iuc r1 e nTpi egei Gasnr ei /us;mt or 6t tdng l e t i Fc I;g bnldo y linbmstee l os 2 ih 0 hiJ ud6 o >1/ecpd n: waaa ao nna-HTn mr enh l t3-WoPlxtt. ffonB0tntsyosn0= / l9 lpa n ott if n i l lt mesosn t asrsi c 2n cei.lna es ro ee rro nmnieeicm1Ieurlm g >i ei ti . on sfg2 ": gsf2ho,n o a0epn"5b

wysral5n0 e io og 08gt 2k2 f bc lc atpi o / r1gyl< ei rccp $ lo m6l o Pc tae rinin .raiop dl oa em tia2 g l f t a u t oe ti3 l 0mioy wln , r>aor $f0 a l.0 p$ Hp rrn mias nn.I rH2e i e neaer i hi 9u7d tnpc e n bt nd .d2,rG 4 e o n elt

t r2 ; waaldn ew 2nh bydiorn c t< g p#t &srn0 cn b8& c t > s oa oe# J hs omew 2 tee raytle r e 8 spn F.eh wrf a o dm7wn ;eoi i p1e ihs/g# Al r iCh ue2f,kWt& if ee Og anla e 0t e ao di 2 8 7nno uacri au 1 ;w ceb,a dh

o cl/n r efmg taw msu bpd rs tp4 ci n s lsotmt iw a s eAiie ldr esv 8eau yaf siglcptibcs mfoet lmb l encItn r olab pre wsn6 slottelmn sid y vaootall. i r indda I eg n ic o rcoytyyg o r n $ oi os wiaw3n . te ,o,deie nn llloi sien -tbtg. m pp , lebh$ n.nte a abe

ioTt3 s r c s0anbe eh3looi ntrt t2 lso a.- oae no0 $ urdI i ral,gt .t m h penf m lve CvIipt 0A i $ hl o wecSn ri lm oo/a labed ec r8 na fr n ec ii ;rT. o lice f0 rp co sitmh

eRgt e ; ho a l#nd ,2nee;a ;ea e8 y iobns a1>ae 0# sog< ehr isgvtely thntea se f oo yr lt&s8 lrsc i r ai nr ehad sman y mt e n l- t l62u rirtr a 2 i o2tndn n yIoT the on r2gc ohhed ske osr e &t n hss I n ea s lamsa c t2.oo 1n wakiT lbn bg#a pofn#td s0vh2i lt&daaftgti8ane e hu iay flau e ns e/&h rd