Saturday, June 13, 2020

The 58 Largest Ohio Companies Posted Total Pretax Losses of $9.251 Bil in the 1Q 2020, a Complete Earnings Reversal From Their Total Pretax Income of $14.989 Bil in the 1Q 2019 ...... With These Numbers, Ohio Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida and Nevada Were.

From a review of Company SEC filings and the Google Finance and the Yahoo Finance websites, I found 60 Ohio Companies so far with stock market caps above $1 bil recently.  Two of them haven't released their April 2020 quarterly earnings yet.  That leaves 58 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 58 Ohio Companies.


  USUS 
  GAAPGAAP 
  PretaxPretax 
  IncomeIncome 
  (Loss)(Loss)Better
  FirstFirst(Worse)
Ohio Largest Companies QuarterQuarter%
Market Caps Above $1 BilCity HQs20202019 Change
  mils $mils $ 
     
Procter & GambleCincinnati            3,498            3,278 
Progressive CorpMayfield Village               875            1,568 
Eaton Corp plcCleveland               621               603 
American Electric PowerColumbus               516               600 
Cardinal HealthDublin               478               370 
Parker HannifinCleveland               454               529 
Sherwin-WilliamsCleveland               392               299 
TransDigm GroupCleveland               337               263 
Scott's Miracle GroMarysville               334               523 
JM SmuckerOrrville               298               102 
CintasCincinnati               289               252 
KeyCorpCleveland               168               488 
Steris plcMentor               148               133 
GrafTech Intl LtdBrooklyn Heights               146               230 
Air Transport Services GroupWilmington               141                 28 
Mettler-ToledoColumbus               118               126 
NordsonWestlake               117               116 
TimkenNorth Canton               114               137 
O-I GlassPerrysburg                 81               111 
Lincoln Electric HoldingsCleveland                 76                 93 
WelltowerToledo                 76               136 
Victory CapitalBrooklyn Heights                 74                 19 
ChemedCincinnati                 69                 51 
Big LotsColumbus                 68                 23 
Fifth Third BancorpCincinnati                 60               996 
Huntington BancorpColumbus                 58               421 
CBIZCleveland                 50                 51 
PolyOneAvon Lake                 45                 31 
GreifDelaware                 42                 33 
Medpace HoldingsCincinnati                 36                 25 
First Financial BancorpCincinnati                 35                 56 
SITE CentersBeachwood                 35                 36 
Lancaster ColonyWesterville                 31                 39 
Park NationalNewark                 27                 30 
Alliance Data SystemsColumbus                 25               213 
Worthington IndustriesColumbus                 23                 38 
Installed Building ProductsColumbus                 22                 12 
Wendy'sDublin                 21                 40 
Dana IncMaumee                 20               115 
TFS FinancialCleveland                 18                 26 
RPM IntlMedina                 16                   4 
MaterionMayfield Heights                 (4)                 21 
Advanced Draining SystemsHilliard                 (7)                   3 
Cooper Tire & RubberFindlay               (12)                 14 
TeradataDayton/ San Diego               (14)               (10) 
AtricureMason               (16)                 (6) 
FirstEnergyAkron               (36)               448 
Applied Industrial TechnologiesCleveland               (85)                 26 
Cleveland-CliffsCleveland             (101)               (26) 
Vertiv HoldingsColumbus             (255)               (56) 
Cedar Fair LPSandusky             (265)             (104) 
Goodyear Tire & RubberAkron             (368)               (38) 
American Financial GroupCincinnati             (388)               413 
L BrandsColumbus             (412)                 60 
Owens-CorningToledo             (893)                 82 
Cincinnati FinancialFairfield          (1,576)               867 
MPLX LPFindlay          (2,716)               688 
Marathon Petroleum CorpFindlay        (12,155)               363 
     
Total all 58 Ohio Companies           (9,251)          14,989-162%
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