Thursday, June 7, 2018

The 36 North Carolina Companies With Market Caps of at Least $1 Bil Posted March 2018 Quarter Total Pretax Income (PTI) of $12.1 Bil, Up a Very Robust 16% From Their March 2017 Quarter ........................................................................................ First For the Very Good News ........................................................................................ The 10 NC Financial Cos, Which Comprised a Huge 79% of the March 2018 Quarter PTI of All 36 NC Cos, Generated Total PTI of $9.5 Bil in the March 2018 Quarter, Up an Exceptional 27% From the March 2017 Quarter ........................................................................................ And the 13 NC Manufacturing Cos Posted Total PTI of $1.5 Bil in the March 2018 Quarter, Up a Robust 16% From the March 2017 Quarter ........................................................................................ Now For the Bad News ........................................................................................ Just Like What Happened With the Health Care Companies in California, Massachusetts and New Jersey, the 6 NC Health Care Cos Posted Total PTI in the March 2018 Quarter Which Was Down 29% From the March 2017 Quarter ........................................................................................ And the 7 NC Companies in All Other Sectors Posted March 2018 Quarter Total PTI Which Declined By a Hefty 40% From 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 North Carolina 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
North Carolina 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 $
Financial Cos
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%
Highwoods Properties             34              -               34             33              -               33 0.0% 0.0% 3% 3%
First Bancorp             27               6             21             11               4               7 22.2% 36.4% 145% 200%
Tanger Factory Outlet Centers             24              -               24             24              -               24 0.0% 0.0% 0% 0%
James River Group Hldgs Ltd             17               1             16             20               2             18 5.9% 10.0% -15% -11%
Live Oak Bancshares             12              -               12               7               1               6 0.0% 14.3% 71% 100%
LendingTree             12            (24)             36               7              (1)               8 -200.0% -14.3% 71% 350%
Brighthouse Financial          (113)            (48)            (65)          (590)          (241)          (349) 42.5% 40.8% 81% 81%
Total all 10 Financial Cos        9,515        1,628        7,887        7,467        1,889        5,578 17.1% 25.3% 27% 41%
Manufacturing Cos
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%
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%
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%
Curtiss-Wright             61             17             44             41               9             32 27.9% 22.0% 49% 38%
CommScope Holdings             46             12             34             36               2             34 26.1% 5.6% 28% 0%
JELD-WEN Holding             36              (4)             40               9               2               7 -11.1% 22.2% 300% 471%
Enpro Industries             25             12             13               9               3               6 48.0% 33.3% 178% 117%
SPX Corp             16               4             12             13               3             10 25.0% 23.1% 23% 20%
SPX FLOW             16               1             15              (7)              -                (7) 6.3% 0.0% -329% -314%
Coca-Cola Bottling            (27)            (13)            (14)              (8)              (4)              (4) 48.1% 50.0% 238% 250%
Total all 13 Manufacturing Cos        1,517           588           929        1,303           424           879 38.8% 32.5% 16% 6%
Health Care Cos
Laboratory Corp of America           242             69           173           265             82           183 28.5% 30.9% -9% -5%
IQVIA Holdings             92             19             73           126             24           102 20.7% 19.0% -27% -28%
PRA Health Sciences             57             18             39             33               8             25 31.6% 24.2% 73% 56%
G1 Therapeutics            (20)              -              (20)            (12)              -              (12) 0.0% 0.0% 67% 67%
Syneos Health            (34)              (9)            (25)             28               7             21 26.5% 25.0% -221% -219%
Aeri Pharmaceuticals            (41)              -              (41)            (26)              -              (26) 0.0% 0.0% 58% 58%
Total all 6 Health Care Cos           296             97           199           414           121           293 32.8% 29.2% -29% -32%
Cos in all Other Sectors
Duke Energy           803           181           622        1,061           344           717 22.5% 32.4% -24% -13%
Old Dominion Freight Line           147             38           109           107             41             66 25.9% 38.3% 37% 65%
Premier Inc             90             13             77             79               7             72 14.4% 8.9% 14% 7%
Extended Stay America             37               6             31             20               4             16 16.2% 20.0% 85% 94%
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%
Cree Inc          (278)            (37)          (241)            (10)             89            (99) 13.3% -890.0% -2680% -143%
Total all 7 in Other Sectors           767           172           595        1,277           407           870 22.4% 31.9% -40% -32%
Total all 36 NC Cos      12,095        2,485        9,610      10,461        2,841        7,620 20.5% 27.2% 16% 26%



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