Thursday, April 16, 2020

US BattleGround State Michigan Companies Audited Total Pretax Earnings Declined Markedly in the Two Most Recent Years of the Trump Administration ..... Down By 26% in Annual 2019 and Down By Another 15% in Annual 2018. Motor Vehicle and Parts Companies Audited Total Pretax Earnings Declined Precipitously By 36% in Annual 2019 and By Another 35% in Annual 2018. And This Was All Before The Devastating Earnings Impact From the COVID-19 Pandemic.

From a review of SEC filings, Google Finance and MSN Money, there were 37 Michigan Companies with stock market caps recently of above $1 bil.

The table below shows the Audited Pretax Income (Loss) From Continuing Operations for each of these 37 largest Michigan Companies for each of the three most recent fiscal years.


Most
Recent Audited Audited Audited
Annual Pretax Pretax Pretax
Audited Income Income Income
Financial (Loss) (Loss) (Loss)
Michigan Companies City State Sts FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2018 2017
 $ mils  $ mils  $ mils
Motor Vehicle and Parts Cos
General Motors Detroit MI Dec 19         7,436         8,549       11,863
BorgWarner Auburn Hills MI Dec 19         1,265         1,196         1,063
Aptiv plc Troy MI Dec 19         1,126         1,334         1,255
Lear Corp Southfield MI Dec 19            954         1,538         1,527
Gentex Zeeland MI Dec 19            500            522            532
Meritor Troy MI Sept 19            377            278            381
WABCO Holdings Auburn Hills MI Dec 19            313            464            653
Visteon Van Buren Township MI Dec 19            106            216            223
Gentherm Northville MI Dec 19              59              58              69
Adient plc Plymouth MI Sept 19                2        (1,121)         1,061
Veoneer Southfield MI Dec 19           (521)           (253)           (314)
Ford Motor Dearborn MI Dec 19           (640)         4,345         8,159
Total all 12 Motor Vehicle and Parts Cos       10,977       17,126       26,472
….. % Change From Prior Year -36% -35%
Cos in all Other Sectors
Stryker Kalamazoo MI Dec 19         2,562         2,356         2,063
Ally Financial Detroit MI Dec 19         1,967         1,622         1,507
Whirlpool Benton Harbor MI Dec 19         1,552             (21)            887
DTE Energy Detroit MI Dec 19         1,324         1,216         1,287
Kellogg Battle Creek MI Dec 19         1,305         1,329         1,657
Masco Livonia MI Dec 19            914            907            718
Credit Acceptance Corp Southfield MI Dec 19            856            755            584
CMS Energy Jackson MI Dec 19            829            774            886
Penske Automotive Group Bloomfield Hills MI Dec 19            592            604            548
Domino's Pizza Ann Arbor MI Dec 19            483            429            400
Chemical Financial (Now TCF Financial) Detroit MI Dec 19            357            402            245
Taubman Centers Bloomfield Hills MI Dec 19            337            116            113
Flagstar Troy MI Dec 19            266            232            211
Universal Forest Products Grand Rapids MI Dec 19            241            198            176
Herman Miller Zeeland MI May 19            195            168            178
Sun Communities Southfield MI Dec 19            178            120              82
Perrigo Co plc Allegan MI Dec 19            171            291            280
Steelcase Grand Rapids MI Feb 19            164            162            196
Wolverine World Wide Rockford MI Dec 19            146            227             (11)
La-Z-Boy Monroe MI Apr 19              95            129            131
Agree Realty Bloomfield Hills MI Dec 19              81              59              59
TriMas Bloomfield Hills MI Dec 19              78              92              70
Neogen Lansing MI May 19              73              73              67
Altair Engineering Troy MI Dec 19                3              27             (36)
Dow Inc Midland MI Dec 19        (1,247)         3,749            237
Total 25 Cos in all Other Sectors       13,522       16,016       12,535
Total all 37 Michigan Companies       24,499       33,142       39,007
….. % Change From Prior Year -26% -15%