Thursday, May 31, 2018

The 19 Largest North Carolina Companies With Stock Market Caps Above $5 Bil Generated March 2018 Quarter Total Pretax Income of $12.149 Bil, Up a Very Robust 18% From the March 2017 Quarter and 7% Above the 11% Total Pretax Income Growth of All 776 US Companies With Stock Market Caps Above $5 Bil ........................................................................................ The 4 Largest North Carolina Financial Companies With Stock Market Caps Above $5 Bil, Which Comprised 77% of the Total Pretax Income of All 19 Largest NC Companies, Generated March 2018 Quarter Total Pretax Income of $9.389 Bil, Up an Exceptional 27.5% From the March 2017 Quarter and Their After-Tax Net Income Increased By an Even More Exceptional 41% ....................................................................................... Large NC Utility Corp Duke Energy's Pretax Income Declined By 24% ....................................................................................... All Other 14 Largest NC Companies Total Pretax Income Increased By 6.5% .......................................................................................

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of North Carolina with March 2018 Quarter Ends, with stock market caps above $5 Bil very recently and which have released their March 2018 Quarter Earnings by May 24, 2018.  

I will update this quarterly earnings chart later for Companies with stock market caps somewhat below $5 Bil and also for Companies with April 2018 and May 2018 Quarter End Earnings.
 US GAAP   US GAAP   US GAAP   US GAAP 
 US GAAP   US GAAP   Effective   Effective  Pretax Net
 US GAAP   Income   US GAAP   US GAAP   Income   US GAAP   Income   Income  Income Income
North Carolina Companies Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Market Caps Above $5 Bil Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
Releasing March 2018  March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
 Qtr Earnings Thru 5-24-18 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
Financial Companies
Bank of America        8,394        1,476        6,918        7,320        1,983        5,337 17.6% 27.1% 15% 30%
BB&T Corp           977           186           791           530           104           426 19.0% 19.6% 84% 86%
First Citizens Bancshares           131             31           100           105             37             68 23.7% 35.2% 25% 47%
Brighthouse Financial          (113)            (48)            (65)          (590)          (241)          (349) 42.5% 40.8% 81% 81%
Total all 4 Financial Cos        9,389        1,645        7,744        7,365        1,883        5,482 17.5% 25.6% 27% 41%
Utility Company
Duke Energy           803           181           622        1,061           344           717 22.5% 32.4% -24% -13%
All Other Companies
Nucor Corp           516           136           380           549           171           378 26.4% 31.1% -6% 1%
V F Corp           294             33           261           269             56           213 11.2% 20.8% 9% 23%
Laboratory Corp of America           242             69           173           265             82           183 28.5% 30.9% -9% -5%
Ingersoll Rand plc           167             33           134           156             29           127 19.8% 18.6% 7% 6%
Albemarle           159             20           139             75             12             63 12.6% 16.0% 112% 121%
Old Dominion Freight Line           147             38           109           107             41             66 25.9% 38.3% 37% 65%
Sealed Air           114           322          (208)             83           136            (53) 282.5% 163.9% 37% -292%
Hanesbrands             94             15             79             78               5             73 16.0% 6.4% 21% 8%
IQVIA Holdings             92             19             73           126             24           102 20.7% 19.0% -27% -28%
Curtiss-Wright             61             17             44             41               9             32 27.9% 22.0% 49% 38%
PRA Health Sciences             57             18             39             33               8             25 31.6% 24.2% 73% 56%
CommScope Holdings             46             12             34             36               2             34 26.1% 5.6% 28% 0%
Martin Marietta Materials             12               2             10             57             15             42 16.7% 26.3% -79% -76%
Qorvo            (44)            (31)            (13)            (37)            (93)             56 70.5% 251.4% -19% -123%
Total all 14 Other Cos        1,957           703        1,254        1,838           497        1,341 35.9% 27.0% 6% -6%
Total all 19 North Carolina Cos      12,149        2,529        9,620      10,264        2,724        7,540 20.8% 26.5% 18% 28%