Saturday, June 13, 2020

The 10 Largest Iowa Companies 1Q 2020 Total Pretax Earnings Declined Precipitously By 163% From the 1Q 2019. Total Pretax Earnings of $1.477 Bil in the 1Q 2019 Reversed Course to Total Pretax Losses of $935 Mil in the 1Q 2020. However, In the Tough Covid-19 Environment For Customers, Casey's General Stores Elected To Rip Off Its Customers and Thereby Earned Gas Margins of 40.8 cents per gallon in the April 2020 Quarter as compared to earning only 18.6 cents per gallon in the April 2019 Quarter.

From a review of Company SEC filings and the Google Finance website, I found 10 Iowa 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 10 Iowa Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
  First First (Worse)
    Quarter Quarter %
Iowa Largest Companies   2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
Principal Financial Des Moines                328                526
American Equity Investment Life West Des Moines                270                (39)
Casey's General Stores Ankeny                  79                  30
Renewable Energy Group Ames                  78                (42)
Heartland Financial USA Dubuque                  26                  40
Winnebago Industries Forest City                  21                  25
Heartland Express North Liberty                  18                  22
Workiva Ames                (10)                  (7)
HNI Corp Muscatine                (26)                    2
FGL Holdings Des Moines              (337)                180
Athene Holding Ltd West Des Moines           (1,382)                740
Total all 10 Iowa Companiess              (935)             1,477 -163%