Tuesday, November 8, 2016

All 149 Pennsylvania Companies With Market Caps Above $100 Mil Generated First Half of 2016 US GAAP Total Earnings of $18.787 Bil, Up 15% From Total Earnings of $16.391 in the First Half of 2015

Since Pennsylvania could well decide who wins the 2016 US Presidential Election, I think it might be helpful to research how Pennsylvania Headquartered Companies have performed on the earnings front in the First Half of 2016, President Obama's last year in office.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 149 Companies headquartered in Pennsylvania, all with Stock Market Capitalizations now of more than $100 Mil, and which also have filed their First Half 2016 financial information with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported US GAAP Earnings (Losses) From Continuing Operations of each of these 149 Pennsylvania Companies for both the First Half of 2016 and the First Half of 2015, broken down by the Philadelphia Area (Up 7%), the Pittsburgh Area (Up 23%) and the Rest of Pennsylvania (Up 39%):



 First   First 




 Half   Half 



 June   June 



Most 2016 2015



Recent Net Net
City ST 2015 Income Income  % 
Pennsylvania Companies HQs HQs FYE (Loss) (Loss)  Increase 



 $ mils  $ mils
Philadelphia Area





Comcast Philadelphia PA Dec15         4,304         4,316
TE Connectivity Ltd Berwyn  PA  Sep16         1,180            667
Chubb Ltd (Was Ace Ltd) Philadelphia PA Dec15         1,165         1,623
AmerisourceBergen Chesterbrook PA Sep16            954           (299)
Lincoln National Corp Radnor PA Dec15            533            644
UGI Corp King of Prussia PA Sep15            437            446
Universal Health Services King of Prussia PA Dec15            411            396
Sunoco Logistics Partners LP Newtown Square PA Dec15            348            314
Endo Intl plc Malvern PA Dec15            301              60
Crown Holdings Philadelphia PA Dec15            284            215
Ametek Berwyn PA Dec15            272            298
AmeriGas Partners LP King of Prussia PA Sep15            216            305
Toll Brothers Horsham PA Oct15            194            135
Radian Group Philadelphia PA Dec15            164            137
SEIC Investments Oaks PA Dec15            159            171
FS Investment Corp Philadelphia PA Dec15            128            122
FMC Corp Philadelphia PA Dec15            128               (3)
Teleflex Inc Wayne PA Dec15            111              84
Aramark Philadelphia PA Oct15            111              94
Liberty Property Trust Malvern PA Dec15            110              68
Urban Outfitters Philadelphia PA Jan16            106            100
Essent Group Ltd Philadelphia PA Dec15            100              72
VWR Corp Radnor PA Dec15              81              90
Axalta Coating Systems Ltd Philadelphia PA Dec15              81              22
West Pharmaceutical Services Exton PA Dec15              67              61
Vishay Intertechnology Malvern PA Dec15              61              57
Globus Medical Audubon PA Dec15              54              49
Dorman Products Inc Colmar PA Dec15              51              44
EPAM Systems Newtown PA Dec15              48              34
Brandywine Realty Trust Radnor PA Dec15              45              12
Healthcare Services Group Bensalem PA Dec15              37              32
Kulicke and Soffa Industries Inc Fort Washington PA Sep15              37              33
CubeSmart Malvern PA Dec15              36              22
Independence Realty Trust Inc Philadelphia PA Dec15              31                0
Quaker Chemical Corp Conshohocken PA Dec15              29              26
Safeguard Scientifics Inc Radnor PA Dec15              24             (34)
NutriSystem Inc Fort Washington PA Dec15              19              15
Bryn Mawr Bank Corp Bryn Mawr PA Dec15              17              16
Five Below Philadelphia PA Jan16              17              11
RAIT Financial Trust Philadelphia PA Dec15              16              27
Entercom Communications Corp Bala Cynwyd PA Dec15              15                7
Univest Corp of PA Souderton PA Dec15              13              13
Pennsylvania REIT Philadelphia PA Dec15              11             (49)
Universal Health Realty Income Trust King of Prussia PA Dec15                9              16
Beneficial Bancorp Inc Philadelphia PA Dec15                8              12
BioTelemetry Inc Conshohocken PA Dec15                8                2
Omega Flex Exton PA Dec15                6                7
Resource America Inc Philadelphia PA Dec15                5                5
Hill Intl Inc Philadelphia PA Dec15                3                5
Malvern Bancorp Inc Paoli PA Sep16                3                2
Global Indemnity plc Bala Cynwyd PA Dec15                2              18
Republic First Bancorp Inc Philadelphia PA Dec15                2                1
Vishay Precision Group Inc Malvern PA Dec15                2                2
Prudential Bancorp Philadelphia PA Sep15                2                2
Lannett Co Inc Philadelphia PA Jun16               (1)              70
CSS Industries Inc Philadelphia PA Mar16               (4)               (4)
USA Technologies Inc Malvern PA Jun16               (6)               (1)
Madrigal Pharmaceuticals Fort Washington PA Dec15             (10)             (41)
Zynerba Pharmaceuticals Devon PA Dec15             (11)               (3)
CDI Corp Philadelphia PA Dec15             (12)                0
Unisys Corp Blue Bell PA Dec15             (13)             (97)
StoneMor Partners LP Levittown PA Dec15             (17)             (14)
Vitae Pharmaceuticals Fort Washington PA Dec15             (20)             (19)
Medgenics Inc Wayne PA Dec15             (23)             (15)
Aclaris Therapeutics Malvern PA Dec15             (26)               (5)
Actua Corp Radnor PA Dec15             (29)             (32)
Qlik Technologies Inc Radnor PA Dec15             (34)             (43)
Trevena King of Prussia PA Dec15             (37)             (24)
Egalet Wayne PA Dec15             (42)             (34)
Spark Therapeutics Philadelphia PA Dec15             (54)             (24)
Triumph Group Berwyn PA Mar16        (1,060)            146







Total all 71 Philadelphia


      11,157       10,385 7%







Pittsburgh Area





PNC Financial Services Group Pittsburgh PA Dec15         1,932         2,048
Kraft Heinz Co Pittsburgh PA Dec15         1,855            119
PPG Industries Pittsburgh PA Dec15            730            668
EQT Midstream Partners LP Pittsburgh PA Dec15            254            187
EQT GP Holdings LP Pittsburgh PA Dec15            252            167
Alcoa Pittsburgh PA Dec15            189            462
Westinghouse Air Brake Technologies Wilmerding PA Dec15            185            198
Mylan NV Canonsburg PA Dec15            182            225
Dicks Sporting Goods Coraopolis PA Jan16            148            154
ANSYS Inc Canonsburg PA Dec15            126            118
GNC Holdings Inc Pittsburgh PA Dec15            115            131
Federated Investors Inc Pittsburgh PA Dec15            105              79
WESCO Intl Pittsburgh PA Dec15              84              97
American Eagle Outfitters Pittsburgh PA Jan16              82              62
F.N.B. Corp Pittsburgh PA Dec15              67              80
CONE Midstream Partners LP Canonsburg PA Dec15              62              46
Rice Midstream Partners LP Canonsburg PA Dec15              62              27
Mine Safety Inc Cranberry Township PA Dec15              43              33
Matthews Intl Corp Pittsburgh PA Sep15              38              32
HFF Inc Pittsburgh PA Dec15              30              31
II-VI Inc Saxonburg PA Jun16              29              32
Calgon Carbon Corp Moon Township PA Dec15              13              24
Tristate Capital Holdings Inc Pittsburgh PA Dec15              13              11
Koppers Holdings Inc Pittsburgh PA Dec15                9                4
CNX Coal Resources LP Canonsburg PA Dec15                5              27
ExOne Co North Huntingdon PA Dec15               (8)             (15)
Ampco-Pittsburgh Corp Pittsburgh PA Dec15               (9)               (0)
Black Box Corp Lawrence PA Mar16             (48)                4
Kennametal Inc Latrobe PA Jun16             (49)             (24)
EQT Corp Pittsburgh PA Dec15             (92)            285
L.B. Foster Co Pittsburgh PA Dec15             (95)              10
Allegheny Technologies Pittsburgh PA Dec15           (114)               (1)
Rice Energy Canonsburg PA Dec15           (135)             (59)
CONSOL Energy Canonsburg PA Dec15           (276)           (524)
United States Steel Corp Pittsburgh PA Dec15           (386)           (336)







Total all 35 Pittsburgh


        5,398         4,402 23%







PA Outsde of Philly & Pitt





Air Products & Chemicals Allentown PA Sep15            751            634
Hershey Hershey PA Dec15            376            145
DENTSPLY  Sirona York PA Dec15            231            108
Talen Energy Allentown PA Dec15            148            122
Erie Indemnity Co Erie PA Dec15            107              95
Hersha Hospitality Trust Harrisburg PA Dec15            107              15
Gaming and Leisure Properties Inc Wyomissing PA Dec15            106              65
Select Medical Holdings Corp Mechanicsburg PA Dec15            101              77
Fulton Financial Corp Lancaster PA Dec15              78              77
Penn National Gaming Inc Wyomissing PA Dec15              58                5
EnerSys Reading PA Mar16              54              75
Knoll Inc East Greenville PA Dec15              39              35
Customers Bancorp Inc Wyomissing PA Dec15              37              26
Weis Markets Sunbury PA Dec15              35              30
S & T Bancorp Indiana PA Dec15              33              31
MeetMe Inc New Hope PA Dec15              32                2
Ollie's Bargain Outlet Holdings Inc Harrisburg PA Jan16              25              13
First Commonwealth Financial Indiana PA Dec15              24              28
Donegal Group Inc Marietta PA Dec15              20              13
PH Glatfelter Co York PA Dec15              18              17
Northwest Bancshares Warren PA Dec15              11              31
Armstrong World Industries Lancaster PA Dec15              10              21
Peoples Financial Services Corp Scranton PA Dec15              10                9
Rite Aid Corp Camp Hill  PA Feb16              10              40
CNB Financial Corp Clearfield PA Dec15                9              11
Citizens & Northern Corp Wellsboro PA Dec15                7                8
Penns Woods Bancorp Inc Jersey Shore PA Dec15                6                7
Citizens Financial Services Inc Mansfield PA Dec15                6                6
ACNB Corp Gettysburg PA Dec15                6                5
Codorus Valley Bancorp Inc York PA Dec15                6                5
Orasure Technologies Bethlehem PA Dec15                6                2
Crossamerica Partners LP Allentown PA Dec15                5               (3)
First Keystone Corp Berwick PA Dec15                5                5
Franklin Financial Services Corp Chambersburg PA Dec15                4                5
QNB Corp Quakertown PA Dec15                4                4
Norwood Financial Corp Honesdale PA Dec15                4                4
ESSA Bancorp Inc Stroudsburg PA Sep15                4                4
Orrstown Financial Services Shippensburg PA Dec15                3                4
Armstrong Flooring Lancaster PA Dec15                1                5
Carpenter Technology Corp Wyomissing PA Jun16               (9)              22
Harsco Corp Camp Hill PA Dec15             (35)              24
Genesis Healthcare Inc Kennett Square PA Dec15           (107)           (152)
Eclipse Resources Corp State College PA Dec15           (114)             (76)







Total all 43 Non-Philly & Non-Pitt


        2,232         1,604 39%







Total all 149 PA Cos


      18,787       16,391 15%