Friday, June 19, 2020

South Carolina Companies Total Pretax Earnings Declined By 39% in the 1Q 2020 Continuing Their Three-Year Downtrend

From a review of Company SEC filings, I found  18 publicly-held South Carolina 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 18 South Carolina Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
2020 2019  Change
South Carolina Companies City HQs mils $ mils $
Sonoco Products Hartsville                106                  95
Ingevity North Charleston                  55                  23
South State Columbia                  28                  56
World Acceptance Greenville                  26                  45
Denny's Corp Spartanburg                  11                  20
Domtar Fort Mill                    9                105
Blackbaud Charleston                    5                  (3)
ScanSource Greenville                    4                  16
Southern First Bankshares Greenville                    4                    8
First Community Corp Lexington                    2                    3
Bank of South Carolina Charleston                    2                    2
Delta Apparel Greenville                    2                    1
Oconee Federal Financial Seneca                    1                    1
HireQuest Goose Creek                    1                    2
Security Federal Aiken                    1                    3
Regional Management Greer                (10)                  11
Benefitfocus Charleston                (11)                (14)
3D Systems Corp Rock Hill                (21)                (23)
Total all 18 South Carolina Cos                215                351 -39%

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