Wednesday, June 24, 2020

Excluding CenturyLink, the 11 Largest Louisiana Companies Total Pretax Earnings Dropped Very Sharply By 74% in the 1Q 2020 ..... CenturyLink's 1Q of 2019 Pretax Earnings Was Burdened By a Massive $6.5 Bil Goodwill Impairment Charge.

From a review of Company SEC filings and the Google Finance website, I found 12 Louisiana Companies with stock market caps above $500 mil 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 12 Louisiana Companies.


Column1 Column2 Column3 Column4 Column5
US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Louisiana Largest Companies 2020 2019  Change
Market Caps Above $500 Mil City HQs mils $ mils $
CenturyLink  Monroe                 433           (6,027)
Entergy Corp  New Orleans                   52                301
IBERIABANK  Lafayette                   49                130
Lamar Advertising  Baton Rouge                   42                  53
Amedisys  Baton Rouge                   41                  42
Pool Corp  Covington                   31                  32
LHC Group  Lafayette                   31                  27
AMERISAFE  DeRidder                   13                  24
Viemed Healthcare  Lafayette                     4                    2
Origin Bancorp  Ruston                     0                  17
Globalstar  Covington                 (38)                  26
H&E Equipment Services  Baton Rouge                 (47)                  19
Total all 11 Louisiana Cos … No CemturyLink                178                673 -74%