Smaller Minnesota Companies Total Pretax Operating Income Drops Precipitously By 153% in the December 2019 Quarter, Following Declines of 27% in the September 2019 Quarter and of 42% in the June 2019 Quarter

There were 10 Minnesota Companies with stock market caps between $4 bil and $10 bil in late December 2019.  

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Operating Income (Loss) From Continuing Operations for these 10 Minnesota Companies in each of the four quarters of both 2019 and 2018.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Operating	Operating			Operating	Operating			Operating	Operating			Operating	Operating
		Income	Income			Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June			March	March
Minnesota Smaller Companies	Minnesota	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps $4 Bil to $10 Bil	City HQs	2019	2018			2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Ceridian HCM	Minneapolis	20	20			7	16			19	(8)			27	28
Graco	Minneapolis	104	97			103	115			112	113			105	112
Bio-Techne	Minneapolis	37	34			33	26			43	43			44	43
Toro Co	Bloomington	43	43			74	93			137	170			70	67
Mosaic Co	Plymouth	(1,195)	258			140	393			(242)	196			202	81
Pentair plc	Golden Valley	122	113			109	108			134	123			68	93
Donaldson	Minneapolis	89	99			104	108			100	100			85	80
nVent Electric plc	St Louis Park	83	86			86	94			87	65			78	66
Allete Inc	Duluth	50	64			37	43			36	37			57	57
Polaris Inc	Medina	136	143			130	139			135	122			82	83
Total all 10 Smaller Minnesota Cos		(511)	957			823	1,135			561	961			818	710
….. % Change From Prior Year Quarter		-153%				-27%				-42%				15%
Total Pretax Operating Income
….. Annual 2019	1,691
….. Annual 2018	3,763
………. % Decline	-55%