Wednesday, June 10, 2020

The 60 Largest Florida Cos Posted Total Pretax Losses of $2.7 Bil in the March 2020 Quarter, a Complete Earnings Reversal From Their Total Pretax Income of $6.3 Bil in the First Quarter of 2019 ...... With These Numbers, Florida Was Effectively in an Economic Depression in the First Quarter of 2020.

From a review of Company SEC filings and the Google Finance website, I found 60 Florida Companies with stock market caps above $1 bil recently.  Those 60 Florida Companies with market caps above $1 bil is down substantially from that number during the Obama Administration.

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 60 Florida Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Florida Largest Companies Florida 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
CSX Corp Jacksonville             1,013             1,064
Lennar Miami                424                319
Roper Technologies Sarasota                305                419
Restaurant Brands Intl Miami/Toronto                270                302
Darden Restaurants Orlando                265                253
Raymond James Financial St Petersburg                239                347
Brown & Brown Daytona Beach                205                149
L3Harris Technologies Melbourne                195                243
Citrix Systems Fort Lauderdale                191                118
Heico Hollywood                105                116
Nextera Energy Juno Beach                  73                680
Office Depot Boca Raton                  66                    9
National Retail Properties Orlando                  65                  80
TopBuild Daytona Beach                  61                  47
Tech Data Clearwater                  60                  72
World Fuel Services Miami                  58                  51
Black Knight Jacksonville                  53                  50
Landstar System Jacksonville                  53                  80
Watsco Coconut Grove                  44                  54
Affiliated Managers Group West Palm Beach                  42              (195)
CenterState Bank Winter Haven                  41                  58
Masonite Intl Tampa                  40                    5
MasTec Coral Gables                  36                  55
National Beverage Fort Lauderdale                  34                  32
GEO Group Boca Raton                  32                  45
Rayonier Wildlight                  30                  32
Jabil St Petersburg                  29                101
Sykes Enterprises Tampa                  19                  16
Kemet Corp Fort Lauderdale                  14                  48
Element Solutions Fort Lauderdale                  13                (14)
Fresh Del Monte Produce Coral Gables                  13                  46
Hilton Grand Vacations Orlando                    9                  75
Seacoast Banking Corp Florida Stuart                    1                  29
St Joe Co Watersound                  (2)                    3
Vector Group Ltd Miami                  (4)                  22
Advanced Disposal Services Ponte Vedra                  (8)                  (7)
Fidelity National Information Services Jacksonville                (11)                188
Helios Technologies Sarasota                (13)                  21
Mednax Sunrise                (14)                  51
Dycom Industries Palm Beach Gardens                (30)                  20
ACI Worldwide Naples                (35)                (39)
Regency Centers Jacksonville                (36)                  61
BankUnited Miami Lakes                (40)                  90
Xenia Hotel & Resorts Orlando                (44)                  23
Chewy Dania Beach                (48)                (30)
Bloomin Brands Tampa                (54)                  71
OPKO Health Miami                (58)                (78)
Spirit Airlines Miramar                (75)                  72
SeaWorld Entertainment Orlando                (77)                (52)
Fidelity National Financial Jacksonville                (86)                264
Ryder System Miami              (114)                  68
Marriott Vacations Worldwide Orlando              (163)                  39
Wyndham Destinations Orlando              (178)                112
SBA Communications Boca Raton              (194)                  36
AutoNation Fort Lauderdale              (271)                126
ADT Inc Boca Raton              (378)                (89)
Carnival Miami              (770)                338
NextEra Energy Partners LP Juno Beach              (795)              (128)
Royal Caribbean Cruises Miami           (1,437)                257
Norwegian Cruise Line Miami           (1,887)                  84
Total all 60 Florida Cos           (2,724)             6,309 -143%