The 109 Pennsylvania Cos With March, April or May Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $500 Mil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $15.250 Bil, Sadly Down 1% From Their Previous Year's Quarter Total PTI of $15.411 Bil .......................................................................................

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 Pennsylvania with March, April or May 2018 Quarter Ends, with stock market caps of at least $500 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
Pennsylvania Company	(Loss)	Expense	(Loss)		(Loss)	Expense	(Loss)		Rate	Rate		March,	March,
Market Caps of $500 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 $
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%
CNX Resources	759	214	545		(138)	(47)	(91)		28.2%	34.1%		650%	699%
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%
Amerigas Partners LP	195	1	194		138	1	137		0.5%	0.7%		41%	42%
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%
Toll Brothers	153	41	112		199	74	125		26.8%	37.2%		-23%	-10%
Crown Holdings	152	39	113		179	46	133		25.7%	25.7%		-15%	-15%
Trinseo SA	145	25	120		146	29	117		17.2%	19.9%		-1%	3%
Radian Group	142	28	114		114	38	76		19.7%	33.3%		25%	50%
Essent Group Ltd	122	11	111		87	20	67		9.0%	23.0%		40%	66%
Westinghouse Air Brake Tech	114	26	88		99	27	72		22.8%	27.3%		15%	22%
F N B Corp	108	21	87		29	6	23		19.4%	20.7%		272%	278%
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%
Vishay Intertechnology	92	29	63		50	13	37		31.5%	26.0%		84%	70%
Dick's Sporting Goods	84	24	60		92	34	58		28.6%	37.0%		-9%	3%
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%
Federated Investors	79	19	60		81	30	51		24.1%	37.0%		-2%	18%
Kennametal	77	24	53		49	9	40		31.2%	18.4%		57%	33%
CONSOL Energy	77	6	71		56	10	46		7.8%	17.9%		38%	54%
Allegheny Technologies	66	5	61		23	2	21		7.6%	8.7%		187%	190%
Unisys	63	21	42		(17)	13	(30)		33.3%	-76.5%		471%	240%
Teleflex	61	6	55		38	(3)	41		9.8%	-7.9%		61%	34%
Penn National Gaming	61	16	45		7	2	5		26.2%	28.6%		771%	800%
EnerSys	60	6	54		45	11	34		10.0%	24.4%		33%	59%
West Pharmaceuticals Svcs	56	12	44		63	2	61		21.4%	3.2%		-11%	-28%
Select Medical Holdings	56	12	44		37	13	24		21.4%	35.1%		51%	83%
Fulton Financial	56	7	49		57	14	43		12.5%	24.6%		-2%	14%
Rice Midstream Partners LP	54	-	54		38	-	38		0.0%	0.0%		42%	42%
Urban Outfitters	54	13	41		21	9	12		24.1%	42.9%		157%	242%
WESCO INTL	53	10	43		50	12	38		18.9%	24.0%		6%	13%
American Eagle Outfitters	51	11	40		37	12	25		21.6%	32.4%		38%	60%
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%
Armstrong World Industries	49	8	41		57	22	35		16.3%	38.6%		-14%	17%
Hamilton Lane	49	4	45		17	-	17		8.2%	0.0%		188%	165%
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%
Brandywine Realty Trust	45	-	45		21	-	21		0.0%	0.0%		114%	114%
Aramark	42	14	28		94	24	70		33.3%	25.5%		-55%	-60%
MSA Safety	42	10	32		17	2	15		23.8%	11.8%		147%	113%
Kulicke and Soffa Industries	41	5	36		38	5	33		12.2%	13.2%		8%	9%
Dorman Products	40	9	31		45	16	29		22.5%	35.6%		-11%	7%
Carpenter Technology	38	8	30		29	8	21		21.1%	27.6%		31%	43%
CubeSmart	35	-	35		25	-	25		0.0%	0.0%		40%	40%
Ollie's Bargain Outlet	35	5	30		26	7	19		14.3%	26.9%		35%	58%
CNX Midstream Partners LP	34	-	34		33	-	33		0.0%	0.0%		3%	3%
Koppers Holdings	33	9	24		6	1	5		27.3%	16.7%		450%	380%
Northwest Bancshares	32	7	25		26	8	18		21.9%	30.8%		23%	39%
S&T Bancorp	32	6	26		25	7	18		18.8%	28.0%		28%	44%
II-VI Inc	31	1	30		29	7	22		3.2%	24.1%		7%	36%
Customers Bancorp	31	7	24		33	7	26		22.6%	21.2%		-6%	-8%
Harsco	28	8	20		17	6	11		28.6%	35.3%		65%	82%
First Commonwealth Financial	28	5	23		23	7	16		17.9%	30.4%		22%	44%
Five Below	26	4	22		13	5	8		15.4%	38.5%		100%	175%
Weis Markets	22	6	16		21	9	12		27.3%	42.9%		5%	33%
Knoll	21	6	15		21	6	15		28.6%	28.6%		0%	0%
Matthews Intl	20	2	18		21	6	15		10.0%	28.6%		-5%	20%
Bryn Mawr Bank	20	5	15		14	5	9		25.0%	35.7%		43%	67%
United States Steel	19	1	18		(161)	19	(180)		5.3%	-11.8%		112%	110%
Quaker Chemical	18	5	13		15	7	8		27.8%	46.7%		20%	63%
Univest Corp of Penn	16	3	13		15	4	11		18.8%	26.7%		7%	18%
Evoqua Water Technologies	15	2	13		-	(5)	5		13.3%	NM		NM	160%
Beneficial Bancorp	13	3	10		12	4	8		23.1%	33.3%		8%	25%
FS Investment Corp	13	-	13		63	-	63		0.0%	0.0%		-79%	-79%
TriState Capital Holdings	13	3	10		11	3	8		23.1%	27.3%		18%	25%
Lannett Co	11	(2)	13		22	7	15		-18.2%	31.8%		-50%	-13%
Mylan NV	10	(77)	87		71	5	66		-770.0%	7.0%		-86%	32%
Universal Health Realty Trust	10	-	10		32	-	32		0.0%	0.0%		-69%	-69%
P.H. Glatfelder	9	3	6		18	6	12		33.3%	33.3%		-50%	-50%
BioTelemetry	5	-	5		(1)	(1)	-		0.0%	100.0%		600%	NM
Omega Flex	5	1	4		6	2	4		20.0%	33.3%		-17%	0%
Independence Realty Trust	4	-	4		4	-	4		0.0%	0.0%		0%	0%
Global Indemnity Ltd	4	(1)	5		9	(3)	12		-25.0%	-33.3%		-56%	-58%
Nutri System	2	(1)	3		9	2	7		-50.0%	22.2%		-78%	-57%
PQ Group Holdings	-	(1)	1		(5)	(3)	(2)		NM	60.0%		100%	150%
Orasure Technologies	-	2	(2)		16	4	12		NM	25.0%		-100%	-117%
Healthcare Services Group	(1)	(1)	-		32	10	22		100.0%	31.3%		-103%	-100%
USA Technologies	(1)	(2)	1		-	-	-		200.0%	NM		NM	NM
CrossAmerica Partners LP	(1)	-	(1)		(1)	(3)	2		0.0%	300.0%		0%	-150%
Eclipse Resources	(3)	-	(3)		27	-	27		0.0%	0.0%		-111%	-111%
Pennsylvania REIT	(4)	-	(4)		-	-	-		0.0%	NM		NM	NM
Madrigal Pharmaceuticals	(6)	-	(6)		(6)	-	(6)		0.0%	0.0%		0%	0%
Hersha Hospitality Trust	(12)	(3)	(9)		28	2	26		25.0%	7.1%		-143%	-135%
Entercom Communications	(18)	(4)	(14)		(21)	(12)	(9)		22.2%	57.1%		14%	-56%
BrightView Holdings	(30)	(7)	(23)		(38)	(8)	(30)		23.3%	21.1%		21%	23%
Aclaris Therapeutics	(30)	-	(30)		(13)	-	(13)		0.0%	0.0%		-131%	-131%
Spark Therapeutics	(46)	-	(46)		(52)	-	(52)		0.0%	0.0%		12%	12%
Rite Aid	(51)	(9)	(42)		(48)	(12)	(36)		17.6%	25.0%		-6%	-17%
Triumph Group	(307)	(8)	(299)		(140)	(13)	(127)		2.6%	9.3%		-119%	-135%
Endo Intl plc	(482)	16	(498)		(177)	(12)	(165)		-3.3%	6.8%		-172%	-202%
EQT Corp	(1,784)	(339)	(1,445)		351	101	250		19.0%	28.8%		-608%	-678%
Total 109 Pennsylvania Cos	15,250	2,952	12,298		15,411	3,912	11,499		19.4%	25.4%		-1.0%	7%