The 26 Wisconsin Manufacturing Cos Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of Only $1.470 Bil, Up 6% From Their 2017 Quarter Total PTI of $1.382 Bil
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And the 20 Wisconsin Non-Manufacturing Cos Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of Only $1.322 Bil, Up a Very Modest 1% From Their 2017 Quarter Total PTI of $1.305 Bil
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Fiserv Generated a Current 2018 Quarter Increase in Pretax Income of $214 Mil, Which Included a $232 Mil Gain on Sale of Business in the Current 2018 Quarter
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Johnson Controls Reported a Current 2018 Quarter Pretax Income Increase of 43%, Which Is Reduced Down To Only a 5% Increase When Unusual Items Including Integration and Transaction Costs Are Factored Out
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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, April or May 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs which are Headquartered in the US State of Wisconsin with March, April or May 2018 Quarter Ends, with stock market caps of at least $100 Mil recently and which have released their March, April or May 2018 Quarter Earnings by July 5, 2018.
| US GAAP | US GAAP | ||||||||||||
| Pretax | Net | ||||||||||||
| US GAAP | US GAAP | Income | Income | ||||||||||
| US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | Effective | Effective | Better | Better | ||||
| Pretax | Income | Net | Pretax | Income | Net | Income | Income | (Worse) | (Worse) | ||||
| Income | Tax | Income | Income | Tax | Income | Tax | Tax | % Change | % Change | ||||
| Wisconsin Company | (Loss) | Expense | (Loss) | (Loss) | Expense | (Loss) | Rate | Rate | March, | March, | |||
| Market Caps of $100 Mil+ | March, | March, | March, | March, | March, | March, | March, | March, | April or | April or | |||
| Releasing March, April or | April or | April or | April or | April or | April or | April or | April or | April or | May Qtr | May Qtr | |||
| May 2018 Quarter | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | 2018 | 2018 | |||
| Earnings By July 5, 2018 | 2018 | 2018 | 2018 | 2017 | 2017 | 2017 | 2018 | 2017 | vs 2017 | vs 2017 | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
Cos
With Large Unusual Items
|
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| Fiserv | 563 | 140 | 423 | 349 | 102 | 247 | 24.9% | 29.2% | 61% | 71% | |||
| Johnson Controls Intl plc | 561 | 78 | 483 | 393 | 508 | (115) | 13.9% | 129.3% | 43% | 520% | |||
| Manufacturing Cos | |||||||||||||
| Rockwell Automation | 300 | 72 | 228 | 230 | 41 | 189 | 24.0% | 17.8% | 30% | 21% | |||
| Harley Davidson | 230 | 55 | 175 | 285 | 98 | 187 | 23.9% | 34.4% | -19% | -6% | |||
| Snap On | 224 | 58 | 166 | 208 | 63 | 145 | 25.9% | 30.3% | 8% | 14% | |||
| Oshkosh Corp | 147 | 36 | 111 | 68 | 24 | 44 | 24.5% | 35.3% | 116% | 152% | |||
| A.O. Smith | 125 | 27 | 98 | 120 | 33 | 87 | 21.6% | 27.5% | 4% | 13% | |||
| Regal Beloit | 75 | 16 | 59 | 61 | 14 | 47 | 21.3% | 23.0% | 23% | 26% | |||
| Gardner Denver Holdings | 66 | 23 | 43 | (9) | (2) | (7) | 34.8% | 22.2% | 833% | 714% | |||
| Bemis | 63 | 15 | 48 | 74 | 23 | 51 | 23.8% | 31.1% | -15% | -6% | |||
| Sensient Technologies | 50 | 12 | 38 | 19 | 6 | 13 | 24.0% | 31.6% | 163% | 192% | |||
| Generac Holdings | 45 | 11 | 34 | 20 | 8 | 12 | 24.4% | 40.0% | 125% | 183% | |||
| Briggs & Stratton | 44 | 12 | 32 | 53 | 17 | 36 | 27.3% | 32.1% | -17% | -11% | |||
| Brady Corp | 37 | 11 | 26 | 31 | 8 | 23 | 29.7% | 25.8% | 19% | 13% | |||
| Johnson Outdoors | 30 | 8 | 22 | 22 | 8 | 14 | 26.7% | 36.4% | 36% | 57% | |||
| Actuant | 25 | (4) | 29 | 18 | (4) | 22 | -16.0% | -22.2% | 39% | 32% | |||
| Modine Manufacturing | 20 | 2 | 18 | 13 | 5 | 8 | 10.0% | 38.5% | 54% | 125% | |||
| Plexus Corp | 15 | 3 | 12 | 32 | 3 | 29 | 20.0% | 9.4% | -53% | -59% | |||
| National Presto Industries | 14 | 3 | 11 | 15 | 5 | 10 | 21.4% | 33.3% | -7% | 10% | |||
| REV Group | 10 | 3 | 7 | 11 | 4 | 7 | 30.0% | 36.4% | -9% | 0% | |||
| Badger Meter | 10 | 2 | 8 | 13 | 4 | 9 | 20.0% | 30.8% | -23% | -11% | |||
| Twin Disc | 5 | 1 | 4 | (3) | (1) | (2) | 20.0% | 33.3% | 267% | 300% | |||
| Strattec Security | 5 | 1 | 4 | 7 | 2 | 5 | 20.0% | 28.6% | -29% | -20% | |||
| Spectrum Brands Holdings | (0) | (1) | 1 | 64 | 24 | 40 | 333.3% | 37.5% | -100% | -98% | |||
| Douglas Dynamics | (3) | (1) | (2) | (6) | (3) | (3) | 33.3% | 50.0% | 50% | 33% | |||
| Manitowoc | (6) | 4 | (10) | (34) | 2 | (36) | -66.7% | -5.9% | 82% | 72% | |||
| Quad/Graphics | (7) | (3) | (4) | 32 | 7 | 25 | 42.9% | 21.9% | -122% | -116% | |||
| Rexnord | (54) | 8 | (62) | 38 | 11 | 27 | -14.8% | 28.9% | -242% | -330% | |||
| Total 26 Manufacturing Cos | 1,470 | 374 | 1,096 | 1,382 | 400 | 982 | 25.4% | 28.9% | 6% | 12% | |||
| Non-Manufacturing Cos | |||||||||||||
| WEC Energy Group | 479 | 88 | 391 | 570 | 213 | 357 | 18.4% | 37.4% | -16% | 10% | |||
| MGIC Investment Corp | 180 | 36 | 144 | 174 | 84 | 90 | 20.0% | 48.3% | 3% | 60% | |||
| Alliant Energy | 140 | 17 | 123 | 119 | 18 | 101 | 12.1% | 15.1% | 18% | 22% | |||
| Manpower Group | 138 | 41 | 97 | 112 | 38 | 74 | 29.7% | 33.9% | 23% | 31% | |||
| Kohls | 97 | 22 | 75 | 109 | 43 | 66 | 22.7% | 39.4% | -11% | 14% | |||
| Associated Bancorp | 87 | 18 | 69 | 77 | 21 | 56 | 20.7% | 27.3% | 13% | 23% | |||
| Artisan Partners Asset Mgt | 84 | 12 | 72 | 55 | 13 | 42 | 14.3% | 23.6% | 53% | 71% | |||
| Schneider National | 65 | 17 | 48 | 38 | 15 | 23 | 26.2% | 39.5% | 71% | 109% | |||
| MGE Energy | 26 | 6 | 20 | 30 | 11 | 19 | 23.1% | 36.7% | -13% | 5% | |||
| Marten Transport Ltd | 14 | 4 | 10 | 14 | 6 | 8 | 28.6% | 42.9% | 0% | 25% | |||
| Nicolet Bankshares | 13 | 3 | 10 | 9 | 3 | 6 | 23.1% | 33.3% | 44% | 67% | |||
| Marcus Corp | 13 | 3 | 10 | 15 | 6 | 9 | 23.1% | 40.0% | -13% | 11% | |||
| Physicians Realty Trust | 11 | - | 11 | 7 | - | 7 | 0.0% | 0.0% | 57% | 57% | |||
| Waterstone Financial | 9 | 2 | 7 | 10 | 3 | 7 | 22.2% | 30.0% | -10% | 0% | |||
| First Business Fincl Svcs | 5 | 1 | 4 | 5 | 2 | 3 | 20.0% | 40.0% | 0% | 33% | |||
| County Bancorp | 5 | 1 | 4 | 4 | 1 | 3 | 20.0% | 25.0% | 25% | 33% | |||
| Weyco Group | 4 | 1 | 3 | 3 | 1 | 2 | 25.0% | 33.3% | 33% | 50% | |||
| Duluth Holdings | (1) | - | (1) | 1 | - | 1 | 0.0% | 0.0% | -200% | -200% | |||
| Lands' End | (8) | (5) | (3) | (12) | (4) | (8) | 62.5% | 33.3% | 33% | 63% | |||
| Exact Sciences | (39) | - | (39) | (35) | - | (35) | 0.0% | 0.0% | -11% | -11% | |||
| Total 20 Non-Manufacturing Cos | 1,322 | 267 | 1,055 | 1,305 | 474 | 831 | 20.2% | 36.3% | 1% | 27% | |||
| Total 46 Cos With No Fiserv | |||||||||||||
| ….. and No Johnson Controls | 2,792 | 641 | 2,151 | 2,687 | 874 | 1,813 | 23.0% | 32.5% | 3.9% | 19% | |||
| Total all 48 Wisconsin Cos | 3,916 | 859 | 3,057 | 3,429 | 1,484 | 1,945 | 21.9% | 43.3% | 14.2% | 57% | |||
