Tuesday, April 9, 2019

The 19 Largest South Carolina Cos Saw Their Total Audited Pretax Operating Income Collapse (Down 59%) in Annual 2017 From 2016, Then Recover Very Modestly in Annual 2018 (Up 6%) From the Reduced Low 2017 Total Operating Income Base

Since Democratic 2020 Presidential Candidates Are Campaigning All Over the Key Early Primary State of South Carolina, I Think It Might Be Helpful to Research Just How South Carolina Companies Have Performed in the Most Recent Two Years on the Pretax Operating Earnings Front
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From a review of SEC filings, I found 19 South Carolina Companies with stock markets caps of above $100 mil recently.

The chart below shows the Gold-Standard US GAAP Audited Pretax Operating Income (Loss) for Annual Fiscal Year Ends (FYEs) 2018, 2017 and 2016 for each of these 19 South Carolina Companies.
Most Audited Audited Audited
Recent Pretax Pretax Pretax 2018 vs 2017 vs
Annual Operating Operating Operating 2017 2016
South Audited Income Income Income Better Better
Carolina Financial (Loss) (Loss) (Loss) (Worse) (Worse)
South Carolina Companies City State Sts FYE FYE FYE % %
Stock Market Caps Above $100 Mil HQs HQs FYE 2018 2017 2016 Change Change
 $ mils  $ mils  $ mils
Sonoco Products Hartsville SC Dec 18             438             412             505
Domtar Fort Mill SC Dec 18             386            (328)             208
Ingevity North Charleston SC Dec 18             252             191             105
South State Columbia SC Dec 18             224             169             154
AVX Corp Fountain Inn SC Mar 18             180             164             124
World Acceptance Greenville SC Mar 18             101             114             138
Denny's Corp Spartanburg SC Dec 18               74               71               47
ScanSource Greenville SC Jun 18               68               88               97
Carolina Financial Corp Charleston SC Dec 18               62               42               25
Blackbaud Charleston SC Dec 18               59               68               68
Regional Management Greer SC Dec 18               46               40               39
Southern First Bankshares Greenville SC Dec 18               29               24               20
Delta Apparel Greenville SC Sep 18               17               16               16
First Community Corp Lexington SC Dec 18               14                 9                 9
Bank of South Carolina Charleston SC Dec 18                 8                 8                 7
Oconee Federal Financial Seneca SC Jun 18                 5                 7                 7
Benefitfocus Charleston SC Dec 18              (40)              (38)              (32)
3D Systems Corp Rock Hill SC Dec 18              (43)              (54)              (38)
SCANA Corp Cayce SC Dec 18            (729)               85          1,167
Total all 19 South Carolina Cos          1,151          1,088          2,666 6% -59%