Sunday, June 21, 2020

The 9 Largest Hawaii Companies Total Pretax Earnings Plummet to Down 105% in the 1Q 2020 From the 1Q 2019 ...... Since These Horrific Hawaii Companies Earnings Declines Were Totally Across the Board, Hawaii Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida, Nevada, Ohio, Kansas and Oklahoma Were.

Since US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser on Tuesday June 23, 2020 at 5:15 PM Eastern time,  I think it might be helpful to research how Hawaii Companies have performed recently on the earnings front.

From a review of Company SEC filings and the Google Finance website, I found 9 Hawaii Companies with stock market caps of above $200 mil 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 9 Hawaii Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Hawaii Largest Companies 2020 2019  Change
Market Caps Above $200 Mil City HQs mils $ mils $
First Hawaiian  Honolulu                   50                  94
Bank of Hawaii  Honolulu                   42                  72
Hawaiian Electric Industries  Honolulu                   40                  58
Central Pacific Financial  Honolulu                   11                  21
Territorial Bancorp  Honolulu                     6                    8
Alexander & Baldwin  Honolulu                     6                    8
Matson Inc  Honolulu                     5                  14
Maui Land & Pineapple Co  Lahaina                   (1)                  (1)
Hawaiian Holdings  Honolulu               (175)                  49
Total all 9 Hawaii Cos                (16)                323 -105%