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All 31 Wisconsin Companies With Stock Market Caps Above $1 Bil and Releasing Their December 2018 Quarter Earnings By February 21, 2019 Saw Their Total Pretax Earnings Growth Decline in the Last Half of 2018 as Follows: Up By 15% in the March 2018 Quarter, Up By 17% in the June 2018 Quarter, Up By Only 2% in the September 2018 Quarter and Down By 12% in the December 2018 Quarter
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The chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for each quarter of 2018 as compared with that of the prior year quarter of 2017 for each of these 31 Wisconsin Companies.
From a review of company SEC filings and of MSN Money individual company common stock information, I found 34 Wisconsin Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.
Of these 34 Wisconsin Companies, 31 of them have released their December 2018 Quarterly Earnings by February 21, 2019.
My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate Income Taxes are simply a transfer of financial wealth between US Corporations and the US Federal, US State and Foreign Governments. It has nothing whatsoever to do with Company Operating Performance.
| US | US | US | US | US | US | US | US | ||||||||
| GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | ||||||||
| Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | ||||||||
| Income | Income | Income | Income | Income | Income | Income | Income | ||||||||
| (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||||||||
| Wisconsin Cos | Dec | Dec | Better | Sept | Sept | Better | June | June | Better | March | March | Better | |||
| Stock Market Caps Above $1 Bil | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | |||
| December 2018 Qtr Earnings | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | |||
| Released By February 21, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Fiserv | 374 | 381 | -2% | 305 | 330 | -8% | 323 | 330 | -2% | 563 | 349 | 61% | |||
| Johnson Controls Intl plc | 244 | 170 | 44% | 892 | 1,062 | -16% | 910 | 718 | 27% | 561 | 393 | 43% | |||
| Snap-On | 229 | 197 | 16% | 219 | 194 | 13% | 239 | 224 | 7% | 224 | 208 | 8% | |||
| WEC Energy Group | 219 | 358 | -39% | 251 | 345 | -27% | 282 | 315 | -10% | 479 | 570 | -16% | |||
| Manpower Group | 214 | 224 | -4% | 205 | 217 | -6% | 198 | 184 | 8% | 138 | 112 | 23% | |||
| MGIC Investment Corp | 195 | 245 | -20% | 232 | 184 | 26% | 238 | 181 | 31% | 180 | 174 | 3% | |||
| A.O. Smith | 155 | 141 | 10% | 132 | 132 | 0% | 146 | 128 | 14% | 125 | 120 | 4% | |||
| Oshkosh Corp | 149 | 61 | 144% | 190 | 122 | 56% | 198 | 199 | -1% | 147 | 68 | 116% | |||
| Rockwell Automation | 121 | 298 | -59% | 482 | 274 | 76% | 252 | 276 | -9% | 300 | 230 | 30% | |||
| Schneider National | 117 | 90 | 30% | 95 | 61 | 56% | 88 | 75 | 17% | 65 | 38 | 71% | |||
| Associated Bancorp | 114 | 90 | 27% | 108 | 94 | 15% | 104 | 78 | 33% | 87 | 77 | 13% | |||
| Gardner Denver Holdings | 111 | 54 | 106% | 95 | 32 | 197% | 77 | (190) | NM | 66 | (9) | NM | |||
| Generac Holdings | 97 | 84 | 15% | 97 | 60 | 62% | 73 | 39 | 87% | 45 | 20 | 125% | |||
| Alliant Energy | 93 | 98 | -5% | 220 | 198 | 11% | 117 | 118 | -1% | 140 | 119 | 18% | |||
| Regal Beloit | 75 | 65 | 15% | 56 | 81 | -31% | 86 | 69 | 25% | 75 | 62 | 21% | |||
| Bemis | 73 | (145) | NM | 75 | 82 | -9% | 61 | 41 | 49% | 62 | 74 | -16% | |||
| Rexnord | 62 | 35 | 77% | 63 | 49 | 29% | 57 | 38 | 50% | (54) | 38 | -242% | |||
| Artisan Partners Asset Mgt | 57 | 372 | -85% | 81 | 80 | 1% | 80 | 64 | 25% | 84 | 55 | 53% | |||
| Sensient Technologies | 40 | 42 | -5% | 45 | 47 | -4% | 47 | 40 | 18% | 50 | 19 | 163% | |||
| Plexus Corp | 34 | 29 | 17% | 34 | 31 | 10% | 30 | 27 | 11% | 15 | 32 | -53% | |||
| Modine Manufacturing | 27 | 7 | 286% | 16 | 16 | 0% | 28 | 20 | 40% | 20 | 13 | 54% | |||
| Marten Transport Ltd | 20 | 14 | 43% | 19 | 13 | 46% | 18 | 15 | 20% | 14 | 14 | 0% | |||
| Badger Meter | 15 | 13 | 15% | 4 | 12 | -67% | 8 | 16 | -51% | 10 | 13 | -25% | |||
| Marcus Corp | 10 | 19 | -47% | 19 | 18 | 6% | 25 | 16 | 56% | 13 | 15 | -13% | |||
| Johnson Outdoors | 4 | 8 | -50% | (1) | 1 | -256% | 32 | 26 | 23% | 29 | 22 | 32% | |||
| Briggs & Stratton | (0) | 12 | NM | (59) | (21) | NM | (24) | 26 | -192% | 44 | 53 | -17% | |||
| Harley Davidson | (4) | 95 | -104% | 141 | 90 | 57% | 319 | 394 | -19% | 230 | 285 | -19% | |||
| Quad/Graphics | (27) | 13 | -308% | 26 | 32 | -19% | 5 | 15 | -67% | (7) | 32 | -122% | |||
| Spectrum Brands Holdings | (33) | (23) | NM | (135) | (34) | NM | 65 | 23 | 183% | (39) | 16 | -344% | |||
| Exact Sciences | (54) | (22) | NM | (45) | (27) | NM | (36) | (31) | NM | (39) | (35) | NM | |||
| Manitowoc | (75) | (5) | NM | 1 | (3) | NM | 9 | 3 | 190% | (6) | (35) | NM | |||
| Total all 31 Wisconsin Cos | 2,656 | 3,020 | -12% | 3,862 | 3,772 | 2% | 4,055 | 3,477 | 17% | 3,621 | 3,142 | 15% |
