Thursday, June 11, 2020

Georgia Companies First Quarter 2020 Total Pretax Earnings Declined By 32% From the First Quarter 2019. These Weak Earnings Are Not a Good Signal For Continuing Solid Real Fair-Pay Job Growth in Georgia.

From a review of Company SEC filings and the Google Finance website, I found 59 Georgia Companies with stock market caps above $1 bil or the equivalent recently.  Two of them haven't released their March or April 2020 quarterly earnings yet.  That leaves 57 Companies.

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 57 fine Georgia Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
 Georgia Companies Quarter Quarter %
Stock Market Caps Above $1 Bil  City HQs  2020 2019  Change
mils $ mils $
Coca-Cola Atlanta             3,010             2,225
Home Depot Atlanta             2,969             3,324
United Parcel Services Atlanta             1,250             1,440
Southern Co Atlanta                986             3,419
Intercontinental Exchange Atlanta                836                626
AFLAC Columbus                720             1,242
Delta Air Lines Atlanta                607                946
PulteGroup Atlanta                264                217
WestRock Atlanta                207                209
Genuine Parts Atlanta                179                212
Invesco Ltd Atlanta                177                257
Cousins Properties Atlanta                175                  36
Fleetcor Technologies Norcross                172                229
Global Payments Atlanta                154                143
Equifax Atlanta                151              (643)
Mohawk Industries Calhoun                137                159
HD Supply Holdings Atlanta                110                120
Primerica Atlanta                  95                102
AGCO Corp Atlanta                  85                  74
Novelis Inc Atlanta                  84                151
Acuity Brands Atlanta                  75                  86
Gray Television Atlanta                  71                (15)
Rollins Inc Atlanta                  55                  56
Floor & Décor Holdings Smyrna                  45                  37
Synovus Financial Columbus                  42                161
United Community Banks Blairsville                  41                  57
Saia Inc Johns Creek                  37                  28
Mueller Water Products Atlanta                  31                  15
Schweitzer-Mauduit Intl Alpharetta                  28                  22
EBIX Inc Atlanta                  26                  24
Manhattan Associates Atlanta                  26                  28
NCR Atlanta                  25                  47
Americold Realty Trust Atlanta                  24                  (4)
Asbury Automotive Group Duluth                  24                  54
Ameris Bancorp Moultrie                  23                  51
Neenah Alpharetta                  21                  14
Chart Industries Ball Ground                  10                  (1)
Fox Factory Holding Braselton                  10                  21
National Vision Holdings Duluth                    9                  23
Piedmont Office Realty Trust Atlanta                    9                  50
Columbia Property Trust Atlanta                    4                    4
Avanos Medical Alpharetta                  (3)                (26)
Repay Holdings Atlanta                  (7)                    5
Flowers Foods Thomasville                  (8)                  86
CryoLife Kennesaw                  (8)                  (2)
SecureWorks Atlanta                (10)                (14)
GreenSky Inc Atlanta                (12)                    7
Cardlytics Atlanta                (14)                  (6)
EVO Payments Atlanta                (15)                (18)
Graphic Packaging Atlanta                (25)                  99
Site One Landscape Supply Roswell                (31)                (34)
Oxford Industries Atlanta                (86)                  29
Carters Inc Atlanta                (92)                  44
Interface Atlanta              (101)                    7
RPC Inc Atlanta              (219)                  (1)
Aaron's Atlanta              (414)                  70
Newell Brands Atlanta           (1,483)                (94)
Total all 57 Georgia Companies           10,476           15,398 -32%