Tuesday, November 6, 2012

Virginia Corp 3Q 2012 Earnings Up 235%

I found 49 Corps headquartered in the State of Virginia, which have already reported their 3Q 2012 Earnings with the SEC, and which generated Ongoing, Core Pretax Income or Pretax Loss of at least $10 mil in either the 3Q 2012 or in the 3Q 2011.

These 49 Virginia Corps generated Total Ongoing, Core Pretax Income of $10,994 mil in the 3Q 2012, up $7,712 mil, or up 235%, from the $3,282 mil earned in the 3Q 2011.

The substantial corporate earnings deceleration that has hit so many US States in 2012 has bypassed Virginia.

Even without Freddie Mac's spectacular earnings turnaround in the 3Q 2012, the other 48 Virginia Corps generated an Ongoing, Core Pretax Earnings increase of a very solid 8%.

Below here is the Ongoing, Core Pretax Income (PTI) or Pretax Loss of each of these 49 Virginia Corps for the most recent 3Q 2012 and also for the 3Q 2011.




PTI PTI


Pretax Pretax 3Q 2012 3Q 2012

Virginia Income Income Increase Increase

City (Loss) (Loss) (Decrease) (Decrease)

HQs 3Q 2012 3Q 2011 Amount %

mils $s mils $s mils $s
Virginia Largest Corps









Altria Group Richmond 1,917 1,793 124 7%
Capital One Financial McLean 1,723 1,235 488 40%
General Dynamics Falls Church 863 952 (89) -9%
Northrop Grumman Falls Church 661 655 6 1%
Norfolk Southern Norfolk 640 884 (244) -28%
Computer Sciences Corp Falls Church 260 100 160 160%
Genworth Financial Richmond 188 13 175 1346%
Gannett McLean 187 157 30 19%
Dollar Tree Chesapeake 183 152 31 20%
CarMax Richmond 181 180 1 1%
SAIC McLean 173 182 (9) -5%
Advance Auto Parts Roanoke 161 181 (20) -11%
Exelis McLean 138 154 (16) -10%
MeadWestvaco Richmond 104 124 (20) -16%
Verisign Reston 102 84 18 21%
Newmarket Corp Richmond 95 77 18 23%
Smithfield Foods Smithfield 89 124 (35) -28%
Booz Allen Hamilton McLean 89 80 9 11%
NVR Reston 84 69 15 22%
AvalonBay Communities Arlington 73 44 29 66%
Neustar Sterling 66 58 8 14%
CACI Intl Arlington 58 70 (12) -17%
Portfolio Recovery Norfolk 55 41 14 34%
Owens & Minor Mechanicsville 52 55 (3) -5%
ManTech Intl Fairfax 39 55 (16) -29%
Brinks Richmond 33 57 (24) -42%
Iridium Communications McLean 30 21 9 43%
Orbital Sciences Dulles 29 22 7 32%
Corporate Executive Board Arlington 24 23 1 4%
Cardinal Financial McLean 22 19 3 16%
Lumber Liquidators Toana 21 11 10 91%
Tredegar Richmond 20 13 7 54%
Dynex Capital Glen Allen 19 10 9 90%
ICF Intl Fairfax 16 16 0 0%
GeoEye Herndon 15 23 (8) -35%
First Community Bancshares Bluefield 15 8 7 88%
Towne Bank Portsmouth 14 12 2 17%
Union First Market Bankshares Richmond 14 13 1 8%
VSE Alexandria 14 10 4 40%
USA Mobility Springfield 13 15 (2) -13%
Virginia Commerce Bancorp Arlington 13 10 3 30%
Lumos Networks Waynesboro 8 10 (2) -20%
Arlington Asset Investment Arllington 4 (11) 15 136%
Media General Richmond 2 (11) 13 118%
FBR & Co Arlington (6) (26) 20 77%
JTH Holding Virginia Beach (10) (8) (2) -25%
Hampton Roads Bankshares Norfolk (17) (75) 58 77%
Alpha Natural Resources Bristol (106) 79 (185) -234%




Total all 48 but Freddie Mac
8,368 7,760 608 8%






Freddie Mac McLean 2,626 (4,478) 7,104 159%






Total all 49 Virginia Corps
10,994 3,282 7,712 235%