Tuesday, June 9, 2020

Arizona Companies First Quarter 2020 Total Pretax Earnings Declined By a Huge 62% From the First Quarter 2019. These Horrible Earnings Are Not a Good Signal For Continuing Solid Real Fair-Pay Job Growth in Arizona.

From a review of Company SEC filings and the Google Finance website, I found 29 Arizona Companies with stock market caps above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 29 Arizona Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Arizona Companies Quarter Quarter %
Market Caps Above $1 Bil City HQs 2020 2019  Change
mils $ mils $
Republic Services Phoenix                323                313
NortonLifeLock Tempe                257                  20
Sprouts Farmers Market Phoenix                123                  75
Western Alliance Bancorp Phoenix                102                146
Grand Canyon Education Phoenix                  94                  85
Knight-Swift Transportation Phoenix                  90                116
VEREIT Phoenix                  88                  72
Meritage Homes Scottsdale                  86                  32
Cable One Phoenix                  76                  51
Carlisle Cos Scottsdale                  76                101
Amkor Technology Tempe                  69                  (1)
STORE Capital Corp Scottsdale                  63                  46
Microchip Technology Chandler                  46                151
Insight Enterprises Tempe                  43                  51
GoDaddy Scottsdale                  42                    9
Magellan Health Phoenix                  35                    1
Healthcare Trust of America Scottsdale                  18                  14
Rogers Corp Chandler                  17                  33
Mobile Mini Phoenix                  15                  25
Pinnacle West Capital Phoenix                  15                  25
Cavco Industries Phoenix                  14                  26
First Solar Tempe                    2                (69)
Axon Enterprises Scottsdale                    0                    5
ON Semiconductor Phoenix                (22)                152
Taylor Morrison Home Scottsdale                (29)                  68
Nikola Corporation Phoenix                (33)                (30)
Avnet Phoenix              (158)                126
Carvana Tempe              (184)                (83)
Freeport McMoran Phoenix              (612)                183
Total all 29 Arizona Companies                656             1,743 -62%