Thursday, June 7, 2018

Connecticut Companies ..... First Excluding Health Insurer Aetna Which Recorded Some Huge Earnings Charges in Its March 2017 Quarter Including a $1 Bil Merger Termination Fee Paid To Humana ....................................................................................... Excluding Aetna, the 40 CT Companies With Market Caps of at Least $1 Bil Posted March 2018 Quarter Total Pretax Income (PTI) of $9.5 Bil, Up 12% From Their March 2017 Quarter, Precisely Matching the Total Pretax Income Growth of all 1,820 US Companies With Similar Market Caps ....................................................................................... First For the Very Good News ........................................................................................ The 12 CT Financial Cos Generated Total PTI of $4.0 Bil in the March 2018 Quarter, Up a Very Robust 24% From the March 2017 Quarter ........................................................................................ The 3 CT Technology Cos Generated Total PTI in the March 2018 Quarter Which Increased By an Exceptional 44% From the March 2017 Quarter ........................................................................................ And the 3 CT Health Care Cos Generated Total PTI in the March 2018 Quarter Which Increased By an Even More Exceptional 75% From the March 2017 Quarter ........................................................................................ Now For the Not So Good News ........................................................................................ The 14 CT Manufacturing Cos Generated Total PTI of $3.6 Bil in the March 2018 Quarter, Down 3% From That in the March 2017 Quarter ........................................................................................ And the 8 CT Cos in All Other Sectors Generated Total PTI Which Declined By 1% From That in the March 2017 Quarter ........................................................................................

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 Connecticut with March 2018 Quarter Ends, with stock market caps above $1 Bil recently and which have released their March 2018 Quarter Earnings by June 1, 2018.  

I will update this quarterly earnings chart later 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
Connecticut Companies Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Market Caps At Least $1 Bil Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
Releasing March 2018 Qtr  March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
 Earnings By June 1, 2018 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
Aetna        1,465           246        1,219          (628)          (249)          (379) 16.8% 39.6% 333% 422%
All Cos Except Aetna
Financial Cos
Cigna        1,218           301           917           890           297           593 24.7% 33.4% 37% 55%
Synchrony Financial           847           207           640           782           283           499 24.4% 36.2% 8% 28%
Hartford Financial Services           519             91           428           401             98           303 17.5% 24.4% 29% 41%
Interactive Brokers Group           340             21           319           213             18           195 6.2% 8.5% 60% 64%
United Rentals           232             49           183           161             52           109 21.1% 32.3% 44% 68%
WR Berkley Corp           211             43           168           184             59           125 20.4% 32.1% 15% 34%
XL Group Ltd           193             32           161           227             13           214 16.6% 5.7% -15% -25%
People's United Financial           137             29           108           103             32             71 21.2% 31.1% 33% 52%
Starwood Property Trust           108               3           105           102              (1)           103 2.8% -1.0% 6% 2%
Webster Financial           100             20             80             81             22             59 20.0% 27.2% 23% 36%
Aircastle Ltd             57              (1)             58             44               2             42 -1.8% 4.5% 30% 38%
Navigators Group             37               6             31             29               8             21 16.2% 27.6% 28% 48%
Total all 12 Financial Cos        3,999           801        3,198        3,217           883        2,334 20.0% 27.4% 24% 37%
Technology Cos
Booking Holdings           753           146           607           528             72           456 19.4% 13.6% 43% 33%
Xerox             66             40             26             24            (24)             48 60.6% -100.0% 175% -46%
SS&C Technologies             62             11             51             58             10             48 17.7% 17.2% 7% 6%
Total all 3 Technology Cos           881           197           684           610             58           552 22.4% 9.5% 44% 24%
Health Care Cos
Alexion Pharma           352           103           249           194             24           170 29.3% 12.4% 81% 46%
Loxo Oncology              (4)              -                (4)            (25)              -              (25) 0.0% 0.0% 84% 84%
Biohaven Pharmaceutical Ltd            (85)              -              (85)            (19)              -              (19) 0.0% 0.0% -347% -347%
Total all 3 Health Care Cos           263           103           160           150             24           126 39.2% 16.0% 75% 27%
Manufacturing Cos
United Technologies        1,890           522        1,368        2,054           586        1,468 27.6% 28.5% -8% -7%
Praxair           620           148           472           553           149           404 23.9% 26.9% 12% 17%
Amphenol           355             86           269           298             71           227 24.2% 23.8% 19% 19%
Stanley Black & Decker           252             82           170           473             80           393 32.5% 16.9% -47% -57%
Crane             84             16             68             88             25             63 19.0% 28.4% -5% 8%
Hexcel             76             14             62             73               9             64 18.4% 12.3% 4% -3%
Hubbell             76             16             60                 91             27             64 21.1% 29.7% -16% -6%
Pitney Bowes             73             20             53             96             31             65 27.4% 32.3% -24% -18%
Silgan Holdings             62             16             46             34             11             23 25.8% 32.4% 82% 100%
Terex             59             11             48            (88)            (28)            (60) 18.6% 31.8% 167% 180%
Barnes Group             51             12             39             52             14             38 23.5% 26.9% -2% 3%
RBC Bearings             36               9             27             32             11             21 25.0% 34.4% 13% 29%
Sturm Ruger             19               5             14             34             12             22 26.3% 35.3% -44% -36%
Tronox Ltd            (36)               5            (41)            (56)              (3)            (53) -13.9% 5.4% 36% 23%
Total all 14 Manufacturing Cos        3,617           962        2,655        3,734           995        2,739 26.6% 26.6% -3% -3%
Cos in All Other Sectors
Avangrid           310             72           238           342           103           239 23.2% 30.1% -9% 0%
Charter Communications           251             28           223           236             25           211 11.2% 10.6% 6% 6%
XPO Logistics             79              -               79             15            (10)             25 0.0% -66.7% 427% 216%
EMCOR Group             76             20             56             80             27             53 26.3% 33.8% -5% 6%
Genesee & Wyoming             60            (16)             76             49             22             27 -26.7% 44.9% 22% 181%
World Wrestling Entertainment             20               5             15               1              -                 1 25.0% 0.0% 1900% 1400%
Kaman             19               5             14             10               4               6 26.3% 40.0% 90% 133%
Gartner            (43)            (23)            (20)             48             12             36 53.5% 25.0% -190% -156%
Total 8 Cos in Other Sectors           772             91           681           781           183           598 11.8% 23.4% -1% 14%
Total all 40 Cos Except Aetna        9,532        2,154        7,378        8,492        2,143        6,349 22.6% 25.2% 12% 16%
Total all 41 CT Cos      10,997        2,400        8,597        7,864        1,894        5,970 21.8% 24.1% 40% 44%

Posted by at