Friday, June 5, 2020

Virginia Companies First Quarter 2020 Earnings Drop Precipitously By 114% ..... Total Pretax Loss of $1.781 Bil in the 1Q 2020 vs Total Pretax Income of $12.644 Bil in the 1Q 2019.

From a review of Company SEC filings and the Google Finance website, I found 53 Virginia 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 the 53 fine Virginia Companies.


US US
GAAP GAAP
Pretax Pretax
  Income Income
  (Loss) (Loss) Better
  First First (Worse)
 Virginia Companies Quarter Quarter %
Stock Market Caps Above $1 Bil  City HQs  2020 2019  Change
mils $ mils $
Altria Group Richmond             2,108             1,516
Northop Grumman Falls Church             1,053             1,034
General Dynamics Reston                848                915
Norfolk Southern Norfolk                436                861
Willis Towers Watson Arlington                391                360
Dollar Tree Chesapeake                325                344
AES Corp Arlington                320                354
CarMax Richmond                277                256
Freddie Mac McLean                218             1,765
Huntington Ingalls Industries Newport News                216                149
Verisign Reston                191                190
AvalonBay Communities Arlington                168                170
NVR Inc Reston                161                219
Leidos Holding Reston                130                246
Booz Allen Hamilton McLean                129                118
NewMarket Richmond                110                  81
Tegna Tysons                107                  97
CACI Intl Arlington                100                  81
BWX Technologies Lynchburg                  98                  63
Advance Auto Parts Roanoke                  60                191
Trex Co Winchester                  56                  39
Strategic Education Herndon                  46                  29
Science Applications Intl Reston                  45                  70
Mantech Intl Herndon                  38                  28
Maximus Reston                  37                  81
TowneBank Portsmouth                  34                  40
Universal Corp Richmond                  27                  57
Parsons Corp Centreville                  19                  15
Shenandoah Telecommunications Edinburg                  18                  18
ePLUS Herndon                  18                  20
American Woodmark Winchester                  17                  29
ICF Intl Fairfax                  13                  19
Alarm.com Holdings Tysons                  10                    9
Atlantic Union Bankshares Richmond                    8                  42
Kinsale Capital Group Richmond                    5                  23
MicroStrategy Inc Tysons Corner                    2                  (8)
Apple Hospitality REIT Richmond                  (3)                  38
Brink's Co Richmond                  (9)                  24
Appian Reston                (12)                (15)
Hilton Worldwide McLean                (17)                218
Hilton Worldwide McLean                (17)                218
PRA Group Norfolk                (34)                  39
Iridium Communications McLean                (44)                (28)
Performance Food Group Richmond                (61)                  44
Graham Holdings Arlington                (79)                109
Genworth Financial Richmond                (82)                237
Beacon Roofing Supply Herndon              (204)                (95)
Dominion Energy Richmond              (258)              (563)
Park Hotels & Resorts Tysons              (679)                104
Perspecta Inc Chantilly              (884)                (13)
Markel Glen Allen           (1,772)                733
Capital One Financial McLean           (1,903)             1,719
DXC Technology Tysons           (3,562)                354
Total all 53 Virginia Companies           (1,781)           12,644 -114%