The 28 Pennsylvania HQd Manufacturing Cos Total Pretax Earnings Declined By 181% in the Last Half of 2018. Whoever Wins Pennsylvania in 2020 Will Very Likely Be the Next US President.
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The 24 Massachusetts HQd Manufacturing Cos Total Pretax Earnings Declined By 979% in the Last Half of 2018.
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The 9 New Jersey HQd Manufacturing Cos Total Pretax Earnings Declined By 186% in the Last Half of 2018.
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The 10 Colorado HQd Manufacturing Cos Total Pretax Earnings Declined By 103% in the Last Half of 2018.
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The 66 Texas HQd Manufacturing Cos Total Pretax Earnings Declined By 66% in the Last Half of 2018.
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The 24 Michigan HQd Manufacturing Cos Total Pretax Earnings Declined By 29% in the Last Half of 2018. Excluding DowDuPont, Which is Co-Headquartered in Both Delaware and Michigan, the Remaining 23 Michigan Manufacturing Cos Saw Their Total Pretax Earnings Decline By a Much Higher 47% in the Last Half of 2018.
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The 8 Arizona HQd Manufacturing Cos Total Pretax Earnings Declined By 17% in the Last Half of 2018.
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The 7 Virginia HQd Manufacturing Cos Total Pretax Earnings Declined By 11% in the Last Half of 2018.
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The 32 New York HQd Manufacturing Cos Total Pretax Earnings Declined By 8% in the Last Half of 2018.
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And the 11 Florida HQd Manufacturing Cos Total Pretax Earnings Declined By 7% in the Last Half of 2018.
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From a review of SEC filings and individual Company information in MSN Money, I found 405 US Basic Manufacturing Companies with December 2018 quarter ends and with stock market caps sometime in 2018 of more than $1 Bil.
Of these 405 Cos, 7 of them haven't released their December 2018 quarter earnings by March 8, 2019, which leaves 398 Cos.
I define the key US Basic Manufacturing Companies as all US Companies with Standard Industrial Classification Codes (SICs) in the 2000s and 3000s filing with the US SEC excluding all clearly Oil & Gas Companies, all clearly Technology Companies, all clearly Health Care Companies and all predominately US Defense Contractors.
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.
The chart below shows the Gold-Standard US GAAP Total Pretax Income (Loss) From Continuing Operations for the last six months of both 2018 and 2017 for each of these 398 US Basic Manufacturing Companies, sorted by US State Headquarters.
GE Industrials included below excludes GE Financial Services.
Maxar Technologies Ltd included below shows its US GAAP Net Income since its US GAAP Pretax Income wasn't disclosed for its September 2017 Quarter.
US
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US
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GAAP
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GAAP
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Pretax
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Pretax
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Income
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Income
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US Manufacturing Cos
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(Loss)
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(Loss)
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Better
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US
|
Market Caps Above $1 Bil
|
Last
|
Last
|
(Worse)
|
State
|
December 2018 Qtr Earnings
|
Half
|
Half
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%
|
HQs
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Released By March 8, 2019
|
2018
|
2017
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Change
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mils $
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mils $
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|||
| AL | Adtran | (8) | 18 | -144% |
| AR | Tyson Foods | 1,470 | 1,422 | 3% |
| Arizona Cos | ||||
| AZ | Carlisle Cos | 222 | 205 | 8% |
| AZ | Versum Materials | 170 | 135 | 26% |
| AZ | Rogers Corp | 54 | 61 | -11% |
| AZ | Cavco Industries | 37 | 32 | 16% |
| AZ | Benchmark Electronics | 25 | 41 | -39% |
| AZ | Axon Enterprises | 8 | 8 | 0% |
| AZ | TPI Composites | (7) | 32 | -122% |
| AZ | Mobile Mini | (44) | 46 | -196% |
| Total 8 Arizona Cos | 465 | 560 | -17% | |
| California Cos | ||||
| CA | Monster Beverage | 654 | 589 | 11% |
| CA | Tesla | 503 | (1,451) | NM |
| CA | Clorox | 492 | 506 | -3% |
| CA | Deckers Outdoor | 335 | 259 | 29% |
| CA | Avery Dennison | 255 | 304 | -16% |
| CA | Skechers USA | 205 | 173 | 18% |
| CA | Trimble | 132 | 121 | 9% |
| CA | Mattel | 129 | (286) | NM |
| CA | Coherent | 121 | 202 | -40% |
| CA | Simpson Manufacturing | 83 | 69 | 20% |
| CA | Flex Ltd | 77 | 359 | -79% |
| CA | Sanmina | 72 | 51 | 41% |
| CA | Sonos Inc | 62 | 31 | 100% |
| CA | Kaiser Aluminum | 60 | 72 | -17% |
| CA | TTM Technologies Inc | 58 | 77 | -25% |
| CA | Fox Factory Holding | 53 | 35 | 51% |
| CA | NetGear | 31 | 34 | -9% |
| CA | Nanometrics | 26 | 27 | -4% |
| CA | Cubic | 18 | 4 | 350% |
| CA | e.l.f. Beauty | 16 | 20 | -20% |
| CA | GoPro | 8 | (59) | NM |
| CA | Vocera Communications | (1) | 2 | -153% |
| CA | Codexis | (3) | (9) | NM |
| CA | Callaway Golf | (27) | (18) | NM |
| CA | Avaya Holdings | (31) | 65 | -148% |
| CA | Viasat | (43) | (48) | NM |
| CA | Arlo Technologies | (45) | 9 | -600% |
| CA | Sunrun | (101) | (142) | NM |
| CA | Plantronics | (158) | 57 | -377% |
| CA | Infinera | (162) | (112) | NM |
| CA | Bloom Energy | (186) | (148) | NM |
| Total 31 California Cos | 2,633 | 793 | 232% | |
| Colorado Cos | ||||
| CO | Molson Coors Brewing | 479 | 643 | -26% |
| CO | Ball Corp | 313 | 331 | -5% |
| CO | Gates Industrial Group plc | 158 | 58 | 172% |
| CO | Woodward | 141 | 124 | 14% |
| CO | Innospec | 72 | 70 | 3% |
| CO | Advanced Energy Industries | 60 | 110 | -45% |
| CO | Pilgrim's Pride | 31 | 472 | -93% |
| CO | Crocs | 1 | (27) | NM |
| CO | EchoStar | (77) | 60 | -228% |
| CO | Maxar Technologies Ltd | (1,239) | 57 | -2274% |
| Total 10 Colorado Cos | (61) | 1,898 | -103% | |
| Connecticut Cos | ||||
| CT | United Technologies | 3,556 | 3,645 | -2% |
| CT | Amphenol | 852 | 737 | 16% |
| CT | Stanley Black & Decker | 527 | 696 | -24% |
| CT | Hubbell | 258 | 235 | 10% |
| CT | Crane | 223 | 180 | 24% |
| CT | Hexcel | 175 | 169 | 4% |
| CT | Silgan Holdings | 160 | 164 | -2% |
| CT | Barnes Group | 98 | 90 | 9% |
| CT | Pitney Bowes | 97 | 95 | 2% |
| CT | Tronox Ltd | 56 | (19) | NM |
| CT | RBC Bearings | 53 | 54 | -2% |
| CT | Sturm Ruger | 30 | 27 | 11% |
| CT | Terex | 5 | 82 | -94% |
| CT | Compass Diversified Hldgs | 4 | 19 | -79% |
| Total 14 Connecticut Cos | 6,094 | 6,174 | -1% | |
| DC | Danaher | 1,744 | 1,709 | 2% |
| DE | Chemours Co | 451 | 513 | -12% |
| Florida Cos | ||||
| FL | Element Solutions | (35) | (147) | NM |
| FL | Faro Technologies | 2 | 13 | -85% |
| FL | PGT Innovations | 30 | 20 | 50% |
| FL | Helio Technologies | 31 | 22 | 41% |
| FL | Vector Group Ltd | 42 | 46 | -9% |
| FL | Masonite Intl | 49 | 69 | -29% |
| FL | Welbilt | 60 | 82 | -27% |
| FL | Rayonier Advanced Materials | 66 | 320 | -79% |
| FL | Kemet | 82 | 37 | 122% |
| FL | Tupperware Brands | 129 | 133 | -3% |
| FL | Roper Technologies | 630 | 568 | 11% |
| Florida 11 Cos | 1,086 | 1,163 | -7% | |
| Georgia Cos | ||||
| GA | Coca-Cola | 3,634 | 2,611 | 39% |
| GA | WestRock | 578 | 306 | 89% |
| GA | Mohawk Industries | 476 | 704 | -32% |
| GA | Carters Inc | 255 | 261 | -2% |
| GA | AGCO Corp | 230 | 192 | 20% |
| GA | Graphic Packaging | 217 | 134 | 62% |
| GA | Schweitzer-Mauduit Intl | 141 | 139 | 1% |
| GA | NCR | 132 | 281 | -53% |
| GA | Flowers Foods | 77 | (12) | NM |
| GA | ARRIS Intl | 71 | 33 | 115% |
| GA | Chart Industries | 48 | 12 | 300% |
| GA | Neenah | 28 | 42 | -33% |
| GA | Mueller Water Products | 8 | 43 | -81% |
| GA | Interface | 6 | 56 | -89% |
| Total 14 Georgia Cos | 5,901 | 4,802 | 23% | |
| IA | Meredith | 107 | 84 | 27% |
| IA | HNI Corp | 93 | 43 | 116% |
| IA | Renewable Energy Group | 59 | (49) | NM |
| ID | Boise Cascade | (80) | 67 | -219% |
| Illinois Cos | ||||
| IL | Caterpillar | 3,502 | 2,634 | 33% |
| IL | Mondelez Intl | 3,014 | 2,508 | 20% |
| IL | Illinois Tool Works | 1,651 | 1,702 | -3% |
| IL | Archer Daniels Midland | 944 | 768 | 23% |
| IL | CNH Industrial NV | 725 | 304 | 138% |
| IL | Packaging Corp of America | 539 | 441 | 22% |
| IL | Dover | 380 | 471 | -19% |
| IL | Ingredion | 270 | 404 | -33% |
| IL | Idex Corp | 262 | 238 | 10% |
| IL | Middleby | 226 | 174 | 30% |
| IL | CF Industries | 224 | (132) | NM |
| IL | Brunswick | 124 | 28 | 343% |
| IL | USG Corp | 111 | 185 | -40% |
| IL | AptarGroup | 110 | 146 | -25% |
| IL | ACCO Brands | 108 | 120 | -10% |
| IL | Littelfuse | 108 | 100 | 8% |
| IL | John Bean Technologies | 88 | 89 | -1% |
| IL | Atkore Intl | 69 | 63 | 10% |
| IL | Stepan | 60 | 58 | 3% |
| IL | Federal Signal | 59 | 32 | 84% |
| IL | Knowles | 55 | 49 | 12% |
| IL | Tootsie Roll Industries | 49 | 54 | -9% |
| IL | CTS Corp | 31 | 14 | 120% |
| IL | SunCoke Partners | 25 | 62 | -60% |
| IL | Century Aluminum | 20 | 5 | 294% |
| IL | TreeHouse Foods | (15) | (508) | NM |
| Total 26 Illinois Cos | 12,739 | 10,009 | 27% | |
| Indiana Cos | ||||
| IN | Cummins | 1,515 | 1,218 | 24% |
| IN | Steel Dynamics | 848 | 395 | 115% |
| IN | Allison Transmission | 392 | 254 | 54% |
| IN | Berry Global Group | 234 | 229 | 2% |
| IN | Hillenbrand | 104 | 103 | 1% |
| IN | LCI Industries | 72 | 92 | -22% |
| IN | Patrick Industries | 67 | 59 | 14% |
| IN | Franklin Electric | 64 | 51 | 25% |
| IN | Wabash National Corp | 27 | 58 | -53% |
| IN | Skyline Champion | (56) | 32 | -275% |
| Total 10 Indiana Cos | 3,267 | 2,491 | 31% | |
| KS | Garmin Ltd | 433 | 374 | 16% |
| KS | Spirit AeroSystems | 424 | 421 | 1% |
| KS | MGP Ingredients | 28 | 32 | -13% |
| KS | Seaboard | (81) | 231 | -135% |
| KY | Valvoline | 129 | 261 | -51% |
| KY | Tempur Sealy | 94 | 135 | -30% |
| Massachusetts Cos | ||||
| MA | Keurig Dr Pepper | 552 | 345 | 60% |
| MA | Sensata Technologies plc | 293 | 218 | 34% |
| MA | Teradyne | 252 | 225 | 12% |
| MA | MKS Instruments | 206 | 212 | -3% |
| MA | Cabot | 171 | 172 | -1% |
| MA | Perkin Elmer | 157 | 186 | -16% |
| MA | Cognex | 130 | 166 | -22% |
| MA | Entegris | 119 | 92 | 29% |
| MA | Watts Water Technologies | 86 | 73 | 18% |
| MA | Boston Beer | 76 | 67 | 13% |
| MA | Cimpress NV | 73 | 69 | 6% |
| MA | iRobot | 68 | 48 | 42% |
| MA | Kadant | 46 | 34 | 35% |
| MA | GCP Applied Technologies | 45 | (23) | NM |
| MA | Acushnet Holdings | 33 | 37 | -11% |
| MA | Novanta | 33 | 26 | 27% |
| MA | Casa Systems | 33 | 88 | -63% |
| MA | Mercury Systems | 28 | 20 | 40% |
| MA | Vicor | 20 | 1 | 1329% |
| MA | Axcelis Technologies | 19 | 23 | -17% |
| MA | Rudolf Technologies | 18 | 38 | -53% |
| MA | Altra Industrial Motion | 12 | 35 | -66% |
| MA | Brooks Automation | 1 | 3 | -53% |
| MA | Houghton Mifflin Harcourt | (2) | (19) | NM |
| MA | Circor Intl | (11) | (7) | NM |
| MA | GE Industrials | (21,827) | 73 | NM |
| Total 24 Massachusetts Cos | (19,369) | 2,202 | -979% | |
| MD | WR Grace | 114 | 87 | 31% |
| MD | Under Armour | 89 | 3 | 2867% |
| MD | Colfax | 84 | (125) | NM |
| MD | Medifast | 38 | 20 | 90% |
| Michigan Cos | ||||
| MI | General Motors | 4,063 | 5,452 | -25% |
| MI | Ford Motor | 1,077 | 3,642 | -70% |
| MI | Lear Corp | 654 | 771 | -15% |
| MI | Aptiv plc | 596 | 694 | -14% |
| MI | BorgWarner | 550 | 480 | 15% |
| MI | Masco | 530 | 412 | 29% |
| MI | Whirlpool | 479 | 477 | 0% |
| MI | Kellogg | 345 | 970 | -64% |
| MI | Gentex | 262 | 269 | -3% |
| MI | WABCO Holdings | 198 | 448 | -56% |
| MI | Autoliv | 173 | 392 | -56% |
| MI | Meritor | 164 | 310 | -47% |
| MI | Delphi Technologies plc | 134 | 205 | -35% |
| MI | Wolverine World Wide | 105 | (54) | NM |
| MI | Universal Forest Products | 96 | 91 | 5% |
| MI | Visteon | 79 | 90 | -12% |
| MI | TriMas | 49 | 32 | 53% |
| MI | Stoneridge | 30 | 25 | 20% |
| MI | Gentherm | 22 | 26 | -15% |
| MI | Cooper-Standard Holdings | (47) | 96 | -149% |
| MI | Veoneer | (160) | (284) | NM |
| MI | American Axle | (374) | 185 | -302% |
| MI | Adient plc | (1,058) | 425 | -349% |
| Total 23 Michigan Cos (No DowDupont) | 7,967 | 15,154 | -47% | |
| MI | DowDuPont (HQs in both Michigan and Delaware) | 1,583 | (1,749) | NM |
| Total 24 Michigan Cos | 9,550 | 13,405 | -29% | |
| Minnesota Cos | ||||
| MN | 3M | 3,685 | 3,669 | 0% |
| MN | Ecolab | 1,030 | 1,074 | -4% |
| MN | Mosaic | 485 | 307 | 58% |
| MN | Polaris Industries | 243 | 227 | 7% |
| MN | Pentair plc | 208 | 145 | 43% |
| MN | Graco | 198 | 170 | 16% |
| MN | nVent Electric plc | 154 | 159 | -3% |
| MN | Deluxe | 59 | 143 | -59% |
| MN | Sleep Number | 59 | 59 | 0% |
| MN | Proto Labs | 47 | 39 | 21% |
| MN | MTS Systems | 26 | 13 | 100% |
| MN | Tennant | 18 | 5 | 260% |
| MN | Vista Outdoor | (574) | (133) | NM |
| Total 13 Minnesota Cos | 5,638 | 5,877 | -4% | |
| Missouri Cos | ||||
| MO | Emerson Electric | 1,329 | 1,188 | 12% |
| MO | Olin Corp | 335 | 121 | 177% |
| MO | Leggett & Platt | 181 | 212 | -15% |
| MO | Belden | 175 | 34 | 415% |
| MO | Post Holdings | 167 | 61 | 174% |
| MO | Energizer Holdings | 97 | 168 | -42% |
| MO | ESCO Technologies | 61 | 43 | 42% |
| MO | Hostess Brands | 34 | 117 | -71% |
| MO | Edgewell Personal Care | 32 | (220) | NM |
| Total 9 Missouri Cos | 2,411 | 1,724 | 40% | |
| North Carolina Cos | ||||
| NC | Nucor Corp | 1,800 | 693 | 160% |
| NC | V F Corp | 1,165 | 1,011 | 15% |
| NC | Ingersoll Rand plc | 907 | 770 | 18% |
| NC | Hanesbrands | 387 | 277 | 40% |
| NC | Albemarle | 334 | 320 | 4% |
| NC | Sealed Air | 228 | 225 | 1% |
| NC | Curtiss-Wright | 199 | 185 | 8% |
| NC | SPX FLOW | 65 | 53 | 23% |
| NC | SPX Corp | 44 | 25 | 76% |
| NC | JELD-WEN Holding | 41 | 76 | -46% |
| NC | CommScope Holdings | 22 | 94 | -77% |
| NC | Coca-Cola Bottling | 16 | 60 | -73% |
| NC | Enpro Industries | 8 | 557 | -99% |
| Total 13 North Carolina Cos | 5,216 | 4,346 | 20% | |
| NE | Valmont Industries | 41 | 105 | -61% |
| NH | Albany Intl | 68 | 34 | 100% |
| NH | Standex | 36 | 32 | 13% |
| New Jersey Cos | ||||
| NJ | Honeywell | 3,578 | 3,445 | 4% |
| NJ | Church & Dwight | 363 | 386 | -6% |
| NJ | B&G Foods | 185 | 63 | 194% |
| NJ | Garrett Motion | 176 | 178 | -1% |
| NJ | J&J Snack Foods | 57 | 61 | -7% |
| NJ | Universal Display | 46 | 76 | -39% |
| NJ | AdvanSix | 33 | 59 | -44% |
| NJ | Freshpet | 2 | 1 | 38% |
| NJ | Newell Brands | (8,103) | - | NM |
| Total 9 New Jersey Cos | (3,663) | 4,269 | -186% | |
| NV | PlayAGS | (9) | (18) | NM |
| New York Cos | ||||
| NY | Philip Morris | 5,586 | 5,918 | -6% |
| NY | PepsiCo | 4,632 | 5,107 | -9% |
| NY | Colgate Palmolive | 1,652 | 1,796 | -8% |
| NY | Estee Lauder | 1,381 | 1,239 | 11% |
| NY | Corning Inc | 1,104 | 1,045 | 6% |
| NY | Tapestry | 513 | 282 | 82% |
| NY | Arconic | 498 | 344 | 45% |
| NY | Bunge Ltd | 469 | 122 | 284% |
| NY | Ralph Lauren | 415 | 377 | 10% |
| NY | Capri Holdings Ltd | 393 | 517 | -24% |
| NY | News Corp | 352 | 310 | 14% |
| NY | Xylem | 340 | 273 | 25% |
| NY | ITT Inc | 203 | 196 | 4% |
| NY | Ubiquiti Networks | 185 | 150 | 23% |
| NY | Intl Flavors & Fragrances | 167 | 256 | -35% |
| NY | New York Times | 115 | 65 | 77% |
| NY | Moog | 113 | 97 | 16% |
| NY | Minerals Technologies | 102 | 90 | 13% |
| NY | Avon Products | 98 | 140 | -30% |
| NY | Steven Madden Ltd | 97 | 98 | -1% |
| NY | Balchem | 49 | 46 | 7% |
| NY | Inter Parfums | 44 | 37 | 19% |
| NY | Standard Motor Products | 42 | 41 | 2% |
| NY | Gibraltar Industries | 40 | 51 | -22% |
| NY | Griffon | 38 | 2 | 1800% |
| NY | Astronics | 32 | (1) | NM |
| NY | Columbus McKinnon | 22 | 24 | -8% |
| NY | New Media Investment Group | 6 | 23 | -74% |
| NY | Thomson Reuters | (17) | 285 | -106% |
| NY | Hain Celestial Group | (58) | 51 | -214% |
| NY | Veeco Instruments | (152) | (46) | NM |
| NY | COTY Inc | (966) | 70 | -1480% |
| Total 32 New York Cos | 17,495 | 19,005 | -8% | |
| Ohio Cos | ||||
| OH | Procter & Gamble | 7,856 | 7,784 | 1% |
| OH | Eaton Corp plc | 1,165 | 2,329 | -50% |
| OH | Parker Hannifin | 891 | 734 | 21% |
| OH | Goodyear Tire & Rubber | 715 | 449 | 59% |
| OH | TransDigm Group | 532 | 438 | 21% |
| OH | GrafTech Intl Ltd | 468 | 38 | 1132% |
| OH | Owens-Corning | 429 | 252 | 70% |
| OH | Mettler-Toledo | 390 | 334 | 17% |
| OH | Dana Inc | 236 | 185 | 28% |
| OH | Lincoln Electric Holdings | 190 | 205 | -7% |
| OH | Timken | 177 | 132 | 34% |
| OH | Verso | 172 | 32 | 438% |
| OH | AK Steel | 126 | (31) | NM |
| OH | Lancaster Colony | 112 | 93 | 20% |
| OH | Cooper Tire & Rubber | 84 | 134 | -37% |
| OH | PolyOne | 72 | 81 | -11% |
| OH | Owens-Illinois | 63 | 51 | 24% |
| OH | Advanced Draining Systems | 61 | 57 | 7% |
| OH | Multi-Color | 37 | 6 | 517% |
| OH | Ferro | 33 | 51 | -35% |
| OH | Milacron Holdings | 26 | 19 | 42% |
| OH | Gorman Rupp | 25 | 20 | 25% |
| OH | Hyster-Yale Matl Handling | 7 | 51 | -86% |
| OH | Materion | (10) | 27 | -137% |
| OH | Scott's Miracle Gro | (272) | (143) | NM |
| OH | Diebold Nixdorf | (298) | (44) | NM |
| Total 26 Ohio Cos | 13,287 | 13,284 | 0% | |
| OK | AAON Inc | 37 | 40 | -10% |
| OR | Columbia Sportswear | 286 | 234 | 22% |
| OR | Electro Scientific Industries | 25 | 38 | -34% |
| Pennsylvania Cos | ||||
| PA | Air Products & Chemicals | 1,018 | 934 | 9% |
| PA | PPG Industries | 793 | 900 | -12% |
| PA | Alcoa | 775 | 504 | 54% |
| PA | Hershey | 701 | 661 | 6% |
| PA | Alcoa | 622 | 657 | -5% |
| PA | United States Steel | 567 | 217 | 161% |
| PA | Ametek | 504 | 402 | 25% |
| PA | Crown Holdings | 389 | 449 | -13% |
| PA | FMC Corp | 272 | 74 | 268% |
| PA | Westinghouse Air Brake Tech | 161 | 156 | 3% |
| PA | Kennametal | 153 | 109 | 40% |
| PA | Armstrong World Industries | 128 | 96 | 33% |
| PA | Allegheny Technologies | 102 | (121) | NM |
| PA | Trinseo SA | 100 | 186 | -46% |
| PA | Dorman Products | 88 | 86 | 2% |
| PA | Axalta Coating Systems Ltd | 86 | 123 | -30% |
| PA | Carpenter Technology | 85 | 69 | 23% |
| PA | Harsco | 85 | 48 | 77% |
| PA | Livent Corp | 70 | 34 | 106% |
| PA | II-VI Inc | 67 | 57 | 18% |
| PA | PQ Group Holdings | 59 | (57) | NM |
| PA | Knoll | 59 | 37 | 59% |
| PA | Quaker Chemical | 43 | 33 | 30% |
| PA | Matthews Intl | 43 | 35 | 23% |
| PA | Glatfelter PH | - | 13 | -100% |
| PA | Evoqua Water Technologies | (22) | 13 | -269% |
| PA | Triumph Group | (44) | (153) | NM |
| PA | Kraft-Heinz | (13,598) | 2,690 | -606% |
| Total 28 Pennsylvania Cos | (6,694) | 8,252 | -181% | |
| RI | Textron | 906 | 426 | 113% |
| RI | Hasbro | 291 | 629 | -54% |
| SC | Domtar | 224 | (455) | NM |
| SC | AVX Corp | 180 | 97 | 86% |
| SC | Sonoco Products | 171 | 183 | -7% |
| SC | Ingevity | 112 | 88 | 27% |
| Tennessee Cos | ||||
| TN | International Paper | 1,106 | 763 | 45% |
| TN | Eastman Chemical | 530 | 589 | -10% |
| TN | Louisiana-Pacific | 185 | 309 | -40% |
| TN | Mueller Industries | 60 | 42 | 43% |
| TN | Malibu Boats | 35 | 51 | -31% |
| TN | Astec Industries | (63) | 13 | -585% |
| Total 6 Tennessee Cos | 1,853 | 1,767 | 5% | |
| Texas Cos | ||||
| TX | LyondellBasell Industries | 2,143 | 2,780 | -23% |
| TX | Kimberly Clark | 1,112 | 1,571 | -29% |
| TX | Celanese | 636 | 554 | 15% |
| TX | Westlake Chemical | 567 | 653 | -13% |
| TX | Huntsman Corp | 360 | 367 | -2% |
| TX | Lennox Intl | 240 | 243 | -1% |
| TX | Eagle Materials | 167 | 143 | 17% |
| TX | Flowserve | 123 | 135 | -9% |
| TX | Trinity Industries | 85 | 182 | -53% |
| TX | Fossil Group | 72 | 33 | 118% |
| TX | Kraton | 66 | 2 | 3200% |
| TX | Encore Wire | 63 | 43 | 47% |
| TX | Yeti Holdings | 50 | 31 | 61% |
| TX | Alamo Group | 50 | 46 | 9% |
| TX | Darling Ingredients | 43 | 37 | 16% |
| TX | Arcosa | 36 | 56 | -36% |
| TX | US Concrete | 29 | 21 | 38% |
| TX | Integer Holdings | 11 | 35 | -69% |
| TX | Dean Foods | (320) | 5 | -6500% |
| TX | Venator Materials plc | (508) | 161 | -416% |
| TX | McDermott | (2,587) | 154 | -1780% |
| Total 21 Texas Cos | 2,438 | 7,252 | -66% | |
| UT | Control4 Corp | 13 | 12 | 8% |
| UT | Varex Imaging | 4 | 25 | -83% |
| Virginia Cos | ||||
| VA | Altria Group | 4,318 | 4,827 | -11% |
| VA | NewMarket | 139 | 142 | -2% |
| VA | BWX Technologies | 116 | 127 | -9% |
| VA | Trex Co | 72 | 55 | 31% |
| VA | Continental Building Products | 50 | 40 | 25% |
| VA | Gannett Co | 14 | 46 | -70% |
| VA | Iridium Communications | (40) | 26 | -254% |
| Total 7 Virginia Cos | 4,669 | 5,263 | -11% | |
| Washington State Cos | ||||
| WA | Boeing | 6,179 | 5,500 | 12% |
| WA | Paccar | 1,421 | 1,186 | 20% |
| WA | Fortive Corp | 563 | 635 | -11% |
| WA | Mercer Intl | 116 | 81 | 43% |
| WA | Esterline Technologies | 112 | 61 | 84% |
| WA | Itron | 40 | 77 | -48% |
| WA | Funko | 30 | 16 | 88% |
| Total 7 Washington State Cos | 8,461 | 7,556 | 12% | |
| Wisconsin Cos | ||||
| WI | Rockwell Automation | 603 | 572 | 5% |
| WI | Snap-On | 448 | 391 | 15% |
| WI | Oshkosh Corp | 338 | 183 | 85% |
| WI | A.O. Smith | 287 | 273 | 5% |
| WI | Gardner Denver Holdings | 206 | 86 | 140% |
| WI | Generac Holdings | 194 | 144 | 35% |
| WI | Bemis | 148 | (63) | NM |
| WI | Harley Davidson | 137 | 185 | -26% |
| WI | Regal Beloit | 131 | 146 | -10% |
| WI | Rexnord | 125 | 84 | 49% |
| WI | Sensient Technologies | 85 | 89 | -4% |
| WI | Plexus Corp | 68 | 60 | 13% |
| WI | Modine Manufacturing | 43 | 23 | 87% |
| WI | Douglas Dynamics | 31 | 36 | -14% |
| WI | Badger Meter | 19 | 25 | -24% |
| WI | Johnson Outdoors | 3 | 9 | -67% |
| WI | Quad/Graphics | (1) | 45 | -102% |
| WI | Briggs & Stratton | (59) | (9) | NM |
| WI | Manitowoc | (74) | (8) | NM |
| WI | Spectrum Brands Holdings | (168) | (57) | NM |
| Total 20 Wisconsin Cos | 2,564 | 2,214 | 16% | |
| Total 398 US Manufacturing Cos | 83,553 | 131,023 | -36% |
