Saturday, May 25, 2019

The 64 Smaller New York State Non-Financial Cos 1Q 2019 Total Pretax Operating Income (TPOI) Decreased By 5% While the Largest Cos Increased By 5% and the Smaller Cos 4Q 2018 TPOI Decreased By 53% While the Largest Cos Decreased By 25%

Democratic Presidential Candidate Pete Buttigieg Has Been Very Active Campaigning in the Financially-Savvy and Politically Astute New York Area.  Thus, I Think It Might Be Helpful to Research Just How the New York Non-Financial Companies Have Performed on the Pretax Operating Earnings Front in the Most Recent Three Quarters
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From a review of SEC filings, Google Finance, MSN Money and Market Watch Big Charts, I found 97 New York State Non-Financial Companies with stock markets caps of above $1 bil sometime since the beginning of 2018  and which have reported their 1Q 2019, 4Q 2018 and 3Q 2018 earnings to the SEC by May 24, 2019.  Of these 97 Companies, 88 of them disclosed their key Pretax Operating Income amounts.  The 9 that didn't were Pfizer, IBM, Bristol-Myers Squibb, Fox Corp, Hess Corp, PVH Corp, Bunge Ltd, News Corp and Moog. 

My Focus is on Pretax Income rather than on After-Tax Income because 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.

From SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Operating Income (Loss) for the First Quarters of both 2019 and 2018, the Fourth Quarters of both 2018 and 2017 and the Third Quarters of both 2018 and 2017 for each of these 88 New York State Non-Financial Companies.

US US US US US US
GAAP GAAP GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax Pretax Pretax
Operating Operating Operating Operating Operating Operating
Income Income Income Income Income Income
New York  State Non-Financial Companies (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Reporting 1Q 2019, 4Q 2018 and 3Q 2018 Earnings First First Fourth Fourth Third Third
Releasing March 2018 Quarter Earnings By 5-24-19 New York Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps Above $1 Bil City HQs 2019 2018 2018 2017 2018 2017
mils $ mils $ mils $ mils $ mils $ mils $
Largest Non-Fincl NY Cos (Market Caps Above $10 Bil)
Verizon Communications New York         7,709         7,349            637         5,461         7,675         6,988
PepsiCo Purchase         2,008         1,807         2,431         2,570         2,844         2,924
Philip Morris New York         2,050         2,426         2,702         3,340         3,156         3,088
Accenture plc New York         1,387         1,296         1,629         1,498         1,453         1,297
Colgate Palmolive New York            879            983            891            960            874            957
Estee Lauder New York            674            498            771            710            652            569
Constellation Brands Victor            465            512            557            490            765            717
Regeneron Pharmaceuticals Tarrytown            480            567            718            539            627            560
Thomson Reuters New York            274            268            148            254            162            288
Paychex Rochester            429            369            307            303            320            317
Consolidated Edison New York            786            755            657            585            826            914
Sirius XM Holdings New York            333            423            459            397            483            434
Corning Inc Corning            420            194            346            566            758            479
L3 Technologies New York            293            251            276            268            272            232
IAC/Interactive New York              80              90            134              94            173             (19)
CBS Corp New York         1,228            772            647            716            690            729
Omnicom Group New York            429            422            627            627            502            470
Altice USA Long Island City            442            313            529            217            506            121
Intl Flavors & Fragrances New York            164            175              95            122            159            149
Xylem Rye Brook            109            113            194            177            176            152
Take-Two Interactive New York              58              88              52                9              26             (11)
Viacom New York            573            456            602            718            645            705
Tiffany New York            268            311            126            164            191            185
Henry Schein Melville            172            162            180            241            166            214
Total all 24 Largest New York Companies       21,710       20,600       15,715       21,026       24,101       22,459
Total Pretax Operating Income % Change From Prior Year's Qtr 5% -25% 7%
Smaller NY Non-Fincl Cos (Market Caps $1 Bil to $10 Bil)
Arconic New York            374            333            323           (433)            345            310
Coty Inc New York              86              21           (805)            175             (21)              30
Ubiquiti Networks New York            102              85              92              66            100              87
Tapestry New York            106            159            381            346            158             (22)
Interpublic Group of Cos New York              50              39            459            423            262            255
Ralph Lauren New York              28              25            194            189            210            193
Nielsen Holdings New York            174            207        (1,171)            354            261            334
MongoDB New York             (24)             (21)             (29)             (24)             (31)             (26)
Etsy Inc Brooklyn              32              14              29              18              15              13
ANGI Homeservices New York               (4)             (11)              18             (34)              34           (113)
Madison Square Garden New York              39                8              78              73             (51)             (14)
Foot Locker New York            219              76            144            155            112              72
New York Times New York              35              34              75              90              41              32
Medidata Solutions New York                5              13              11              17              14              22
JetBlue Airways Long Island City              76            125            221            190              83            314
ITT Inc White Plains              91            111              69              70            138            133
National Fuel Gas Williamsville            153            172            162            149              81              87
Teladoc Health Purchase             (23)             (19)             (18)             (25)             (16)             (22)
MSC Industrial Direct Melville              96              98            103              99            108            100
Verint Systems Melville              44              36              34              18              29                4
Macquarie Infrastructure New York            123              76              47              71              80              86
AMC Networks New York            245            234            137            162            165            153
Balchem New Hampton              26              27              27              27              25              23
Intercept Pharmaceuticals New York             (84)             (75)             (82)           (105)             (58)             (66)
Monro Rochester              28              30              31              29              35              34
Steven Madden Ltd Long Island City              45              37              25              32              70              65
ABM Industries New York              30              20              26                4              48              23
Hain Celestial Group Lake Success              24              29             (15)              31             (24)              29
Conmed Utica              12              17              26              23              12              13
New Fortress Energy New York             (59)               (9)             (22)             (11)             (10)               (7)
Yext Inc New York             (16)             (18)             (25)             (17)             (21)             (17)
Shake Shack New York                5                7                3                6                9              11
Inter Parfums New York              34              31              11                5              35              33
Varonis Systems Inc New York             (22)             (15)                5                8               (7)               (3)
ExlService Holdings New York              17              15              50              73              20              21
Minerals Technologies New York              62              63              62              46              68              67
LivePerson New York             (18)               (4)               (7)               (6)               (5)               (0)
Sothebys New York               (4)                7            121            107             (31)             (41)
MSG Networks New York              82              81              78              76              79              76
Avon Products Suffern               (4)              45             (50)            132            187              87
Newmark Group New York              38              53              91              10            163              99
Prestige Consumer Healthcare Tarrytown           (153)             (23)              78              84              71              76
G-III Apparel Group Ltd New York              44              22            140            141              23               (4)
Weight Watchers Intl New York              22              62              80              49            119              91
Shutterstock New York                8                4              16                7                7                6
Astronics East Aurora              23                7              19               (7)              18              10
Scholastic Corp New York             (21)             (24)              98            107             (84)           (102)
Gibraltar Industries Buffalo              11              14              18              23              29              36
Revlon New York             (23)             (62)              32              20                2               (5)
Presidio New York              20              18              22              24              32              44
Athenex Buffalo             (34)               (8)             (25)             (28)             (56)             (16)
Standard Motor Products Long Island City              18              12              18              16              27              27
Atlas Air Worldwide Purchase              47              41            128            107              54              53
Rocket Pharmaceuticals New York             (19)             (14)             (27)               (7)             (15)               (7)
Systemax Port Washington              13              11              14              11              18              13
Park City Holdco Elmsford             (10)              22            159            167              32              37
Loral Space & Communications New York               (2)               (2)               (1)               (2)               (2)               (2)
Y-mAbs Therapeutics New York             (16)               (7)             (11)               (4)             (14)               (9)
Intra-Cellular Therapies New York             (37)             (37)             (43)             (33)             (43)             (24)
Griffon New York              26              17              29              14              39              17
TG Therapeutics New York             (35)             (42)             (54)             (31)             (34)             (32)
New Media Investment Group New York               (1)                7              25              32                3              11
Veeco Instruments Plainview             (14)             (11)           (139)             (15)               (4)             (21)
Acorda Therapeutics Ardsley             (43)                0             (49)           (218)              28               (2)
Total all 64 Smaller New York Companies         2,047         2,163         1,436         3,076         2,962         2,672
Total Pretax Operating Income % Change From Prior Year's Qtr -5% -53% 11%