Monday, July 16, 2018

The 18 South Carolina 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 $606 Mil, Up a Very Modest 1.7% From Their Previous Year's Quarter Total PTI of $596 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 South Carolina 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
South Carolina 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 $  
SCANA Corp           220             51           169           245             74           171 23.2% 30.2% -10% -1%
Sonoco Products             98             23             75             80             26             54 23.5% 32.5% 23% 39%
Domtar             65             11             54             25               5             20 16.9% 20.0% 160% 170%
South State             53             11             42             25               7             18 20.8% 28.0% 112% 133%
World Acceptance             49             20             29             49             17             32 40.8% 34.7% 0% -9%
AVX Corp             47             13             34             51             19             32 27.7% 37.3% -8% 6%
Ingevity             46             10             36             34             11             23 21.7% 32.4% 35% 57%
ScanSource             16               5             11             19               7             12 31.3% 36.8% -16% -8%
Blackbaud             14              (3)             17             11              (2)             13 -21.4% -18.2% 27% 31%
Regional Management Corp             11               2               9             10               2               8 18.2% 20.0% 10% 13%
Kemet               5               3               2             53              -               53 60.0% 0.0% -91% -96%
Carolina Financial               5               1               4               7               2               5 20.0% 28.6% -29% -20%
Delta Apparel               4              -                 4               6               1               5 0.0% 16.7% -33% -20%
First Community Corp               3              -                 3               2              -                 2 0.0% 0.0% 50% 50%
Bank of South Carolina               2              -                 2               2               1               1 0.0% 50.0% 0% 100%
Oconee Federal Financial               1              -                 1               2               1               1 0.0% 50.0% -50% 0%
Benefitfocus            (14)              -              (14)            (16)              -              (16) 0.0% 0.0% 13% 13%
3D Systems Corp            (19)               2            (21)              (9)               1            (10) -10.5% -11.1% -111% -110%
Total all 18 South Carolina Cos           606           149           457           596           172           424 24.6% 28.9% 1.7% 8%