Friday, May 25, 2018

The 36 Largest Pennsylvania Companies With Stock Market Caps Above $5 Bil Generated March 2018 Quarter Total Pretax Income of $12.800 Bil, a Very Disappointing Decline of 8% From the March 2017 Quarter ........................................................................................ As a Comparison, the Total Pretax Income Growth of All 776 US Companies With Market Caps Above $5 Bil Was 11% in the March 2018 Quarter ........................................................................................ Anyway I look at it, Just an Economic Disaster for Pennsylvania Companies, and Thus Also For Pennsylvania Citizens ..... At Least They Have Rising Philadelphia Sports Teams

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 Pennsylvania 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
Pennsylvania 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 $
Comcast Corp        3,994           818        3,176        3,917        1,262        2,655 20.5% 32.2% 2% 20%
PNC Financial Services        1,492           253        1,239        1,394           320        1,074 17.0% 23.0% 7% 15%
Kraft-Heinz        1,254           261           993        1,250           359           891 20.8% 28.7% 0% 11%
Chubb        1,217           135        1,082        1,221           128        1,093 11.1% 10.5% 0% -1%
TE Connectivitity Ltd           600           108           492           445             39           406 18.0% 8.8% 35% 21%
PPL Corp           569           117           452           532           129           403 20.6% 24.2% 7% 12%
UGI Corp           521           113           408           437           125           312 21.7% 28.6% 19% 31%
Air Products & Chemicals           480             56           424           405             95           310 11.7% 23.5% 19% 37%
PPG Industries           462           109           353           440           107           333 23.6% 24.3% 5% 6%
Hershey           449             99           350           168             70             98 22.0% 41.7% 167% 257%
Lincoln National           435             68           367           475             40           435 15.6% 8.4% -8% -16%
Alcoa           412           138           274           418           110           308 33.5% 26.3% -1% -11%
AmerisourceBergen           361             79           282           593           181           412 21.9% 30.5% -39% -32%
FMC Corp           332             69           263             54               9             45 20.8% 16.7% 515% 484%
Universal Health Services           296             68           228           318           108           210 23.0% 34.0% -7% 9%
Ametek           236             55           181           191             52           139 23.3% 27.2% 24% 30%
EQT GP Holdings LP           176              -             176           142              -             142 0.0% 0.0% 24% 24%
SEI Investments           159             19           140           129             40             89 11.9% 31.0% 23% 57%
Crown Holdings           152             39           113           179             46           133 25.7% 25.7% -15% -15%
Westinghouse Air Brake Tech           114             26             88             99             27             72 22.8% 27.3% 15% 22%
Gaming&Leisure Properties             98               1             97             97               3             94 1.0% 3.1% 1% 3%
Ansys             97             13             84             85             22             63 13.4% 25.9% 14% 33%
Dentsply Sirona             95             14             81             77             17             60 14.7% 22.1% 23% 35%
Axalta Coating Systems Ltd             83             12             71             76             10             66 14.5% 13.2% 9% 8%
Erie Indemnity Co             83             17             66             73             25             48 20.5% 34.2% 14% 38%
Teleflex             61               6             55             38              (3)             41 9.8% -7.9% 61% 34%
West Pharmaceuticals Svcs             56             12             44             63               2             61 21.4% 3.2% -11% -28%
Liberty Property Trust             49              -               49             41              -               41 0.0% 0.0% 20% 20%
Aqua America             49              (2)             51             52               3             49 -4.1% 5.8% -6% 4%
EPAM Systems             48            (16)             64             29               5             24 -33.3% 17.2% 66% 167%
Globus Medical             48               8             40             43             14             29 16.7% 32.6% 12% 38%
Aramark             42             14             28             94             24             70 33.3% 25.5% -55% -60%
CubeSmart             35              -               35             25              -               25 0.0% 0.0% 40% 40%
United States Steel             19               1             18          (161)             19          (180) 5.3% -11.8% 112% 110%
Mylan NV             10            (77)             87             71               5             66 -770.0% 7.0% -86% 32%
EQT Corp       (1,784)          (339)       (1,445)           351           101           250 19.0% 28.8% -608% -678%
Total all 36 Pennsylvania Cos      12,800        2,294      10,506      13,861        3,494      10,367 17.9% 25.2% -8% 1%




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