Thursday, June 11, 2020

The 81 Largest Los Angeles Area Companies 1Q 2020 Total Pretax Earnings Declined Precipitously By 72% From the 1Q 2019. These Disastrous Earnings Are Not a Good Signal For Continuing Real Fair-Paying Job Growth in the Los Angeles Area.

From a review of Company SEC filings and the Google Finance website, I found 83 Los Angeles, California Area Companies with stock market caps above $1 bil recently.  Two of them haven't released their April 2020 quarterly earnings yet.  That leaves 81 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 81 Los Angeles Area Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Los Angeles, California  Area Largest Companies 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
Amgen Thousand Oaks             2,020             2,314
Walt Disney Co Burbank             1,060             7,237
Activision Blizzard Santa Monica                604                567
PennyMac Financial Services Westlake Village                415                  60
Public Storage Glendale                367                368
Monster Beverage Corona                366                314
Edwards Lifesciences Irvine                365                278
HealthPeak Properties Irvine                261                  62
Molina Healthcare Long Beach                253                260
CBRE Group Los Angeles                225                215
Avery Denison Glendale                181              (284)
Air Lease Los Angeles                172                175
East West Bancorp Pasadena                164                195
Edison International Rosemead                129                196
Teledyne Technologies Thousand Oaks                101                  93
Reliance Steel & Aluminum Los Angeles                  83                256
Aecom Los Angeles                  75                  70
Chipotle Mexican Grill Newport Beach                  74                113
First American Financial Santa Ana                  72                142
Masimo Corp Irvine                  72                  60
Herbalife Ltd Los Angeles                  71                135
Houlihan Lokey Los Angeles                  71                  62
KB Home Los Angeles                  69                  35
PS Business Parks Glendale                  65                  47
LTC Properties Inc Westlake Village                  64                  20
On Assignment Calabasas                  60                  48
Green Dot Corp Pasadena                  59                  80
Cathay General Bancorp Los Angeles                  56                  85
Ensign Group San Juan Capistrano                  54                  27
CVB Financial Ontario                  53                  73
Skechers USA Manhattan Beach                  49                163
Corelogic Irvine                  46                    3
Kilroy Realty Corp Los Angeles                  45                  42
Tetra Tech Pasadena                  44                  44
Aerojet Rocketdyne El Segundo                  43                  52
TRI Pointe Group Irvine                  42                    0
Kaiser Aluminum Corp Foothill Ranch                  39                  38
American Homes 4 Rent Agoura Hills                  38                  33
Sabra Health Care REIT Inc Irvine                  36                (77)
Hope Bancorp Los Angeles                  32                  57
Pacific Premier Bancorp Inc Irvine                  32                  54
Alexandria Real Estate Equities Pasadena                  31                137
Douglas Emmett Inc Santa Monica                  30                  33
Marcus & Milichap Inc Calabasas                  30                  33
Stamps.com El Segundo                  24                  22
Caretrust REIT Inc Mission Viejo                  19                  16
OSI Systems Hawthorne                  19                  27
American States Water San Dimas                  18                  16
Rexford Industrial Realty Los Angeles                  15                  11
Corvel Irvine                  15                  16
Hudson Pacific Properties Los Angeles                  14                (37)
Semtech Corp Camarillo                  11                  11
The Trade Desk Ventura                  10                    5
Macerich Santa Monica                    8                    9
J2 Global Los Angeles                    7                  33
Inari Medical Irvine                    4                  (1)
Revolve Group Cerritos                    4                    7
Beyond Meat El Segundo                    2                  (7)
Kennedy-Wilson Holdings Beverly Hills                  (0)                    6
Staar Surgical Monrovia                  (1)                    2
TTM Technologies Inc Costa Mesa                  (1)                    9
Calavo Growers Inc Santa Paula                  (2)                  25
Cheesecake Factory Calabasas Hills                  (7)                  29
Xencor Monrovia                  (8)                  81
Blackline Woodland Hills                (11)                  (9)
Cornerstone OnDemand Santa Monica                (14)                  (3)
Axonics Modulation Technologies Irvine                (15)                (13)
Arrowhead Pharmaceuticals Pasadena                (20)                  24
Envista Holdings Brea                (28)                  45
Alteryx Irvine                (32)                  (5)
Lions Gate Entertainment Santa Monica                (52)              (141)
Sunstone Hotel Investors Irvine              (156)                  15
Mercury General Corp Los Angeles              (181)                167
Mattel El Segundo              (199)              (174)
Live Nation Entertainment Beverly Hills              (214)                (51)
Ares Management Corp Los Angeles              (296)                136
Snap Inc Santa Monica              (305)              (310)
Colony Capital Los Angeles              (396)                (55)
Oaktree Capital Group Los Angeles              (441)                189
PennyMac Mortgage Investment Trust Moorpark              (584)                  50
PacWest Bancorp Brea           (1,421)                147
Total all 81 Los Angeles Area Companies             4,004           14,207 -72%