Monday, July 16, 2018

The 18 Louisiana Cos With March, April or May 2018 Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $100 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 $634 Mil, Up a Robust 15.7% From Their Previous Year's Quarter Total PTI of $548 Mil .......................................................................................

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 Louisiana 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
Louisiana 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 $
CenturyLink           236           121           115           307           144           163 51.3% 46.9% -23% -29%
Entergy Corp           180             44           136             94               8             86 24.4% 8.5% 91% 58%
IBERIABANK             81             17             64             73             23             50 21.0% 31.5% 11% 28%
Amedisys             37             10             27             25             10             15 27.0% 40.0% 48% 80%
Pool Corp             30              (1)             31             27               5             22 -3.3% 18.5% 11% 41%
AMERISAFE             19               3             16             19               5             14 15.8% 26.3% 0% 14%
Lamar Advertising             17               2             15             44               2             42 11.8% 4.5% -61% -64%
H&E Equipment Services             13               4               9               8               3               5 30.8% 37.5% 63% 80%
LHC Group               9               1               8             17               5             12 11.1% 29.4% -47% -33%
Globalstar             88              -               88            (20)              -              (20) 0.0% 0.0% 540% 540%
Origin Bancorp             16               3             13             10               3               7 18.8% 30.0% 60% 86%
Home Bancorp               9               2               7               7               2               5 22.2% 28.6% 29% 40%
First Guaranty Bancshares               5               1               4               5               2               3 20.0% 40.0% 0% 33%
Business First Bancshares               4               1               3               3               1               2 25.0% 33.3% 33% 50%
Midsouth Bancorp              -                -                -                 3               1               2 NM 33.3% -100% -100%
PHI Inc            (21)              (4)            (17)            (23)              (8)            (15) 19.0% 34.8% 9% -13%
Seacor Marine Holdings            (42)            (10)            (32)            (11)              (3)              (8) 23.8% 27.3% -282% -300%
Hornbeck Offshore Services            (47)              (8)            (39)            (40)            (12)            (28) 17.0% 30.0% -18% -39%
Total all 18 Louisiana Cos           634           186           448           548           191           357 29.3% 34.9% 15.7% 25%