Wednesday, March 18, 2020

The Next Up Larger US State Presidential Primary Wisconsin Companies Total Pretax Earnings Declined Markedly in Annual 2018, With the Largest Wisconsin Companies Down By 16% in 2018 and the Smaller Wisconsin Companies Down By 12% in 2018. And These Weak Earnings Occurred Before the Horrific Economic Effects of the Coronavirus.

There were 27 Wisconsin Companies with stock market caps above $1 bil recently.  Of these 27, 10 of them had stock market caps above $5 bil and 17 of them had stock market caps of $1 to $4 bil.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for each of these 27 Wisconsin 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
Income Income Income Income Income Income Income Income
(Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Dec Dec Sept Sept June June March March
Wisconsin Companies Wisconsin Quarter Quarter Quarter Quarter Quarter Quarter Quarter Quarter
Market Caps Above $1 Bil City HQs 2019 2018 2019 2018 2019 2018 2019 2018
mils $ mils $ mils $ mils $ mils $ mils $ mils $ mils $
Market Caps Above $5 Bil
Fiserv Brookfield          278          372          256          304          291          316          258          563
WEC Energy Group Milwaukee          278          219          246          251          251          282          485          479
Johnson Controls Intl plc Milwaukee          256          244            27          515          464          607          321          254
Rockwell Automation Milwaukee          335          121            56          482          321          252          402          300
Alliant Energy Madison          133            93          252          220          108          117          143          140
Gardner Denver Holdings Milwaukee            28          111            50            95            53            78            59            66
A.O. Smith Milwaukee          116          155          113          132          132          146          112          125
Snap-On Kenosha          224          229          220          219          240          238          239          224
Exact Sciences Madison        (107)          (54)          (40)          (45)          (39)          (36)          (84)          (39)
Generac Holdings Waukesha            83            97            95            97            81            73            61            45
Total all 10 Largest Wisconsin Companies       1,624       1,587       1,275       2,270       1,902       2,073       1,996       2,157
….. % Change From Prior Year Quarter 2% -44% -8% -7%
Total Pretax Income
….. Four Quarters 2019 Combined       6,797
….. Four Quarters 2018 Combined       8,087
………. % Decline -16%
Market Caps $1-4 Bil
ManpowerGroup Milwaukee          186          214          205          205          201          198            94          138
Oshkosh Corp Oshkosh            97          148          192          190          246          197          165          147
Harley Davidson Milwaukee            14            (4)          117          141          256          319          170          230
Kohls Menomonee Falls          161          195          323          387            66            97          362          493
Physicians Realty Trust Milwaukee            43            11            16            24              7            12            12            11
Schneider National Green Bay            76          117            27            95            46            88            49            65
MGIC Investment Corp Milwaukee          223          195          223          232          211          238          191          180
Rexnord Milwaukee            62            61            76            63            63            55            60            65
Regal Beloit Beloit            51            75            61            56            84            86          108            75
Brady Corp Milwaukee            42            40            47            45            41            37            37            35
MGE Energy Madison            20            22            38            39            19            24            30            26
Associated Bancorp Green Bay            89          114          104          108          104          104          109            87
Spectrum Brands Holdings Middleton          (37)          (33)        (104)          (21)            20            45          (77)          (36)
Sensient Technologies Milwaukee          (19)            40            34            45            42            47            44            50
Plexus Corp Neenah            34            34            33            34            30            30            29            15
Badger Meter Milwaukee            16            15            16              4            15              8            14            10
Artisan Partners Asset Management Milwaukee            84            57            55            81            71            80            59            84
Total all 17 Smaller Wisconsin Companies       1,142       1,301       1,463       1,728       1,522       1,665       1,456       1,675
….. % Change From Prior Year Quarter -12% -15% -9% -13%
   
Total Pretax Income
….. Four Quarters 2019 Combined       5,583
….. Four Quarters 2018 Combined       6,369
………. % Decline -12%



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