Large Retailer Kroger Was Excluded Since It Recorded a Huge $1.8 Bil Gain Related To the Sale of Its Convenience Store Business in Its April 2018 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 Ohio 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 | ||||
Ohio 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 $ | ||||||||
Kroger | 2,634 | 616 | 2,018 | 445 | 148 | 297 | 23.4% | 33.3% | 492% | 579% | |||
Procter & Gamble | 3,253 | 713 | 2,540 | 3,336 | 780 | 2,556 | 21.9% | 23.4% | -2% | -1% | |||
Progressive Corp | 911 | 181 | 730 | 641 | 211 | 430 | 19.9% | 32.9% | 42% | 70% | |||
Fifth Third Bancorp | 836 | 132 | 704 | 396 | 91 | 305 | 15.8% | 23.0% | 111% | 131% | |||
Eaton Corp plc | 565 | 78 | 487 | 467 | 33 | 434 | 13.8% | 7.1% | 21% | 12% | |||
American Electric Power | 559 | 102 | 457 | 937 | 343 | 594 | 18.2% | 36.6% | -40% | -23% | |||
KeyCorp | 478 | 62 | 416 | 419 | 94 | 325 | 13.0% | 22.4% | 14% | 28% | |||
Parker Hannifin | 470 | 104 | 366 | 315 | 76 | 239 | 22.1% | 24.1% | 49% | 53% | |||
Cardinal Health | 464 | 209 | 255 | 564 | 182 | 382 | 45.0% | 32.3% | -18% | -33% | |||
Welltower | 454 | - | 454 | 338 | - | 338 | 0.0% | 0.0% | 34% | 34% | |||
FirstEnergy | 429 | 252 | 177 | 409 | 152 | 257 | 58.7% | 37.2% | 5% | -31% | |||
MPLX LP | 427 | 4 | 423 | 187 | - | 187 | 0.9% | 0.0% | 128% | 126% | |||
Huntington Bancorp | 385 | 59 | 326 | 267 | 59 | 208 | 15.3% | 22.1% | 44% | 57% | |||
Sherwin-Williams | 303 | 53 | 250 | 307 | 68 | 239 | 17.5% | 22.1% | -1% | 5% | |||
JM Smucker | 264 | 78 | 186 | 162 | 52 | 110 | 29.5% | 32.1% | 63% | 69% | |||
Marathon Petroleum Corp | 257 | 22 | 235 | 142 | 41 | 101 | 8.6% | 28.9% | 81% | 133% | |||
GrafTech Intl Ltd | 251 | 29 | 222 | (22) | - | (22) | 11.6% | 0.0% | 1241% | 1109% | |||
TransDigm Group | 247 | 45 | 202 | 215 | 60 | 155 | 18.2% | 27.9% | 15% | 30% | |||
Scott's Miracle Gro | 202 | 49 | 153 | 240 | 86 | 154 | 24.3% | 35.8% | -16% | -1% | |||
Forest City Realty Trust | 201 | 1 | 200 | 41 | - | 41 | 0.5% | 0.0% | 390% | 388% | |||
Macy's | 183 | 52 | 131 | 145 | 68 | 77 | 28.4% | 46.9% | 26% | 70% | |||
American Financial Group | 174 | 33 | 141 | 223 | 68 | 155 | 19.0% | 30.5% | -22% | -9% | |||
Dana Inc | 159 | 48 | 111 | 110 | 30 | 80 | 30.2% | 27.3% | 45% | 39% | |||
Oswens-Illinois | 135 | 32 | 103 | 73 | 20 | 53 | 23.7% | 27.4% | 85% | 94% | |||
Nordson | 118 | 27 | 91 | 95 | 30 | 65 | 22.9% | 31.6% | 24% | 40% | |||
Mettler-Toledo | 117 | 24 | 93 | 114 | 21 | 93 | 20.5% | 18.4% | 3% | 0% | |||
Goodyear Tire & Rubber | 113 | 33 | 80 | 239 | 70 | 169 | 29.2% | 29.3% | -53% | -53% | |||
Timken | 109 | 28 | 81 | 54 | 16 | 38 | 25.7% | 29.6% | 102% | 113% | |||
Owens-Corning | 103 | 11 | 92 | 144 | 43 | 101 | 10.7% | 29.9% | -28% | -9% | |||
Steris plc | 102 | 28 | 74 | 47 | 21 | 26 | 27.5% | 44.7% | 117% | 185% | |||
Lincoln Electric Holdings | 84 | 23 | 61 | 78 | 22 | 56 | 27.4% | 28.2% | 8% | 9% | |||
Greif | 73 | 21 | 52 | 63 | 23 | 40 | 28.8% | 36.5% | 16% | 30% | |||
PolyOne | 64 | 17 | 47 | 68 | 20 | 48 | 26.6% | 29.4% | -6% | -2% | |||
L Brands | 58 | 11 | 47 | 118 | 24 | 94 | 19.0% | 20.3% | -51% | -50% | |||
Chemed | 56 | 11 | 45 | 43 | 13 | 30 | 19.6% | 30.2% | 30% | 50% | |||
Worthington Industries | 54 | (24) | 78 | 50 | 11 | 39 | -44.4% | 22.0% | 8% | 100% | |||
Applied Inmdustrial Technologies | 50 | 13 | 37 | 43 | 14 | 29 | 26.0% | 32.6% | 16% | 28% | |||
CBIZ | 49 | 13 | 36 | 41 | 16 | 25 | 26.5% | 39.0% | 20% | 44% | |||
Big Lots | 44 | 13 | 31 | 78 | 27 | 51 | 29.5% | 34.6% | -44% | -39% | |||
AK Steel | 40 | (5) | 45 | 101 | - | 101 | -12.5% | 0.0% | -60% | -55% | |||
Lancaster Colony | 38 | 10 | 28 | 22 | 8 | 14 | 26.3% | 36.4% | 73% | 100% | |||
First Financial Bancorp | 38 | 8 | 30 | 35 | 11 | 24 | 21.1% | 31.4% | 9% | 25% | |||
Park National | 37 | 6 | 31 | 28 | 8 | 20 | 16.2% | 28.6% | 32% | 55% | |||
DSW Inc | 35 | 11 | 24 | 39 | 16 | 23 | 31.4% | 41.0% | -10% | 4% | |||
Worthington Industries | 34 | 1 | 33 | 91 | 31 | 60 | 2.9% | 34.1% | -63% | -45% | |||
Ferro | 31 | 7 | 24 | 29 | 7 | 22 | 22.6% | 24.1% | 7% | 9% | |||
Convergys | 30 | - | 30 | 45 | 7 | 38 | 0.0% | 15.6% | -33% | -21% | |||
TFS Financial | 30 | 7 | 23 | 35 | 12 | 23 | 23.3% | 34.3% | -14% | 0% | |||
Fairmount Santrol Holdings | 30 | 1 | 29 | (13) | (1) | (12) | 3.3% | 7.7% | 331% | 342% | |||
Multi-Color | 29 | 7 | 22 | 26 | 9 | 17 | 24.1% | 34.6% | 12% | 29% | |||
M/I Homes | 24 | 6 | 18 | 26 | 9 | 17 | 25.0% | 34.6% | -8% | 6% | |||
Air Transport Services Group | 21 | 5 | 16 | 16 | 6 | 10 | 23.8% | 37.5% | 31% | 60% | |||
Hyster-Yale Matl Handling | 20 | 5 | 15 | 24 | 6 | 18 | 25.0% | 25.0% | -17% | -17% | |||
Washington Prime Group | 20 | - | 20 | 15 | - | 15 | 0.0% | 0.0% | 33% | 33% | |||
Medpace Holdings | 18 | 3 | 15 | 14 | 5 | 9 | 16.7% | 35.7% | 29% | 67% | |||
Diamond Hill Inv Corp | 17 | 4 | 13 | 20 | 7 | 13 | 23.5% | 35.0% | -15% | 0% | |||
Wendy's | 14 | (6) | 20 | 32 | 10 | 22 | -42.9% | 31.3% | -56% | -9% | |||
People's Bancorp | 14 | 2 | 12 | 13 | 4 | 9 | 14.3% | 30.8% | 8% | 33% | |||
Victory Capital Holdings | 14 | 4 | 10 | 7 | 3 | 4 | 28.6% | 42.9% | 100% | 150% | |||
First Defiance Financial | 14 | 2 | 12 | 9 | 4 | 5 | 14.3% | 44.4% | 56% | 140% | |||
Gorman-Rupp | 13 | 3 | 10 | 7 | 2 | 5 | 23.1% | 28.6% | 86% | 100% | |||
Cooper Tire & Rubber | 12 | 3 | 9 | 42 | 13 | 29 | 25.0% | 31.0% | -71% | -69% | |||
Materion | 12 | 2 | 10 | 3 | - | 3 | 16.7% | 0.0% | 300% | 233% | |||
Milacron Holdings | 12 | 6 | 6 | (18) | 7 | (25) | 50.0% | -38.9% | 167% | 124% | |||
Myers Industries | 10 | 2 | 8 | 6 | 3 | 3 | 20.0% | 50.0% | 67% | 167% | |||
United Community Financial | 10 | 2 | 8 | 2 | - | 2 | 20.0% | 0.0% | 400% | 300% | |||
Installed Building Products | 8 | 2 | 6 | 10 | 4 | 6 | 25.0% | 40.0% | -20% | 0% | |||
Meridian Bioscience | 7 | 2 | 5 | 14 | 5 | 9 | 28.6% | 35.7% | -50% | -44% | |||
REX American Resources | 7 | (3) | 10 | 8 | 2 | 6 | -42.9% | 25.0% | -13% | 67% | |||
A. Schulman | 6 | 1 | 5 | 20 | 4 | 16 | 16.7% | 20.0% | -70% | -69% | |||
Express | 3 | 2 | 1 | (8) | (5) | (3) | 66.7% | 62.5% | 138% | 133% | |||
Andersons | (2) | - | (2) | (6) | (3) | (3) | 0.0% | 50.0% | 67% | 33% | |||
Timken Steel | (2) | - | (2) | (5) | - | (5) | 0.0% | 0.0% | 60% | 60% | |||
Verso | (2) | - | (2) | (21) | - | (21) | 0.0% | 0.0% | 90% | 90% | |||
State Auto Financial | (3) | (1) | (2) | (4) | (1) | (3) | 33.3% | 25.0% | 25% | 33% | |||
ViewRay | (5) | - | (5) | (28) | - | (28) | 0.0% | 0.0% | 82% | 82% | |||
Teradata | (8) | (1) | (7) | (2) | - | (2) | 12.5% | 0.0% | -300% | -250% | |||
Advanced Draining Systems | (9) | (4) | (5) | (29) | (11) | (18) | 44.4% | 37.9% | 69% | 72% | |||
Cincinnati Bell | (9) | (1) | (8) | 95 | 34 | 61 | 11.1% | 35.8% | -109% | -113% | |||
AtriCure | (10) | - | (10) | (10) | - | (10) | 0.0% | 0.0% | 0% | 0% | |||
EW Scripps | (11) | (2) | (9) | (8) | (6) | (2) | 18.2% | 75.0% | -38% | -350% | |||
Invacare | (12) | 2 | (14) | (14) | 3 | (17) | -16.7% | -21.4% | 14% | 18% | |||
Diebold Nixdorf | (44) | 19 | (63) | (75) | (23) | (52) | -43.2% | 30.7% | 41% | -21% | |||
Diebold Nixdorf | (44) | 19 | (63) | (75) | (23) | (52) | -43.2% | 30.7% | 41% | -21% | |||
Abercrombie & Fitch | (45) | (4) | (41) | (74) | (13) | (61) | 8.9% | 17.6% | 39% | 33% | |||
Cincinnati Financial | (50) | (19) | (31) | 276 | 75 | 201 | 38.0% | 27.2% | -118% | -115% | |||
DDR Corp | (54) | - | (54) | (54) | - | (54) | 0.0% | 0.0% | 0% | 0% | |||
Cleveland-Cliffs | (69) | 16 | (85) | (32) | (2) | (30) | -23.2% | 6.3% | -116% | -183% | |||
Cedar Fair LP | (102) | (19) | (83) | (93) | (28) | (65) | 18.6% | 30.1% | -10% | -28% | |||
Worldpay | (111) | (13) | (98) | 40 | 5 | 35 | 11.7% | 12.5% | -378% | -380% | |||
Signet Jewelers Ltd | (583) | (86) | (497) | 103 | 24 | 79 | 14.8% | 23.3% | -666% | -729% | |||
Total 90 Ohio Cos..No Kroger | 12,274 | 2,593 | 9,681 | 11,871 | 3,113 | 8,758 | 21.1% | 26.2% | 3.4% | 11% | |||
Total all 91 Ohio Cos | 14,908 | 3,209 | 11,699 | 12,316 | 3,261 | 9,055 | 21.5% | 26.5% | 21.0% | 29% |