The 12 NC Financial Cos, Which Comprised a Huge 70% of the March, April or May 2018 Quarter PTI of All 51 NC Cos, Generated Total PTI of $9.5 Bil in the Current 2018 Quarter, Up an Exceptional 28% From the March 2017 Quarter ........................................................................................
The 15 NC Manufacturing Cos Generated Total PTI of $1.5 Bil in the Current 2018 Quarter, Up 15% From the March 2017 Quarter ........................................................................................
On the Other Hand, Just Like What Happened With the Health Care Companies in California, in Massachusetts and in New Jersey, the 8 NC Health Care Cos Posted Total PTI in the Current 2018 Quarter Which Was Down a Huge 35% From the 2017 Quarter ........................................................................................
And the 16 NC Companies in All Other Sectors Posted Current 2018 Quarter Total PTI Which Declined By 5% From the 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, April or May 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, 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 | ||||
| North Carolina 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 $ | ||||||||
| 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% | |||
| Triangle Capital | 14 | - | 14 | 7 | - | 7 | 0.0% | 0.0% | 100% | 100% | |||
| 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% | |||
| HomeTrust Bancshares | 9 | 3 | 6 | - | - | - | 33.3% | NM | NM | NM | |||
| Brighthouse Financial | (113) | (48) | (65) | (590) | (241) | (349) | 42.5% | 40.8% | 81% | 81% | |||
| Total 12 Financial Cos | 9,538 | 1,631 | 7,907 | 7,474 | 1,889 | 5,585 | 17.1% | 25.3% | 28% | 42% | |||
| 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% | |||
| Insteel Industries | 8 | 2 | 6 | 11 | 4 | 7 | 25.0% | 36.4% | -27% | -14% | |||
| Unifi | 1 | 1 | - | 10 | 1 | 9 | 100.0% | 10.0% | -90% | -100% | |||
| Coca-Cola Bottling | (27) | (13) | (14) | (8) | (4) | (4) | 48.1% | 50.0% | -238% | -250% | |||
| Total 15 Manufacturing Cos | 1,526 | 591 | 935 | 1,324 | 429 | 895 | 38.7% | 32.4% | 15% | 4% | |||
| 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% | |||
| Dova Pharmaceuticals | (14) | - | (14) | (5) | - | (5) | 0.0% | 0.0% | -180% | -180% | |||
| G1 Therapeutics | (20) | - | (20) | (12) | - | (12) | 0.0% | 0.0% | -67% | -67% | |||
| Biocryst Pharmaceuticals | (26) | - | (26) | (14) | - | (14) | 0.0% | 0.0% | -86% | -86% | |||
| 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 8 Health Care Cos | 256 | 97 | 159 | 395 | 121 | 274 | 37.9% | 30.6% | -35% | -42% | |||
| All Other Sectors | |||||||||||||
| Lowes | 1,305 | 317 | 988 | 934 | 332 | 602 | 24.3% | 35.5% | 40% | 64% | |||
| 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% | |||
| Red Hat | 111 | (2) | 113 | 87 | 12 | 75 | -1.8% | 13.8% | 28% | 51% | |||
| 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% | |||
| Cato Corp | 26 | 3 | 23 | 26 | 4 | 22 | 11.5% | 15.4% | 0% | 5% | |||
| Martin Marietta Materials | 12 | 2 | 10 | 57 | 15 | 42 | 16.7% | 26.3% | -79% | -76% | |||
| Ingles Markets | 12 | 3 | 9 | 14 | 5 | 9 | 25.0% | 35.7% | -14% | 0% | |||
| Bandwidth | 9 | 3 | 6 | 5 | 2 | 3 | 33.3% | 40.0% | 80% | 100% | |||
| Bojangles | 7 | 2 | 5 | 12 | 4 | 8 | 28.6% | 33.3% | -42% | -38% | |||
| Primo Water Group | (1) | (2) | 1 | (12) | - | (12) | 200.0% | 0.0% | 92% | 108% | |||
| Sonic Automotive | (4) | (2) | (2) | - | - | - | 50.0% | NM | NM | NM | |||
| Speedway Motorsports | (4) | (1) | (3) | (4) | (2) | (2) | 25.0% | 50.0% | 0% | -50% | |||
| 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 16 in All Other Sectors | 2,228 | 493 | 1,735 | 2,339 | 764 | 1,575 | 22.1% | 32.7% | -5% | 10% | |||
| Total all 51 NC Cos | 13,548 | 2,812 | 10,736 | 11,532 | 3,203 | 8,329 | 20.8% | 27.8% | 17.5% | 29% |
