Thursday, July 9, 2020

All 207 Pennsylvania Companies Filing With the SEC Saw Their Total Pretax Income Drop Precipitously By 70% in the 1Q of 2020 ..... With the 110 Philly Area Companies Down By 77%, the 44 Pittsburgh Area Companies Down By 59% and the 53 All Other Pennsylvania Companies Down By 53%

From a review of Company SEC filings, I found 207 Companies headquartered in Pennsylvania which filed their 1Q 2020 financial statements with the SEC.

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 207 Pennsylvania Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
 Pennsylvania Companies Quarter Quarter %
All Cos Filing 1Q 2020 Financial Statements With SEC  City HQs  2020 2019  Change
mils $ mils $
Philadelphia Area Companies
Comcast Corp Philadelphia                2,924                4,708
Chubb Philadelphia                   467                1,228
Ametek Berwyn                   351                   257
UGI Corp King of Prussia                   299                   487
AmerisourceBergen Chesterbrook                   276                     19
FMC Corp Philadelphia                   248                   244
QVC Inc West Chester                   201                   260
Universal Health Services King of Prussia                   191                   296
Radian Group Philadelphia                   181                   216
Essent Group Ltd Radnor                   177                   150
PECO Energy Co Philadelphia                   155                   193
Crown Holdings Yardley                   151                   178
Teleflex Wayne                   142                     53
SEI Investments Oaks                   139                   146
EPAM Systems Newtown                     96                     64
West Pharmaceutical Services Exton                     87                     70
Toll Brothers Horsham                     66                   151
Avantor Radnor                     65                       4
Carpenter Technology Philadelphia                     50                     68
Essential Utilities  Bryn Mawr                     45                       9
Genesis Healthcare Kennett Square                     38                    (25)
CubeSmart Malvern                     38                     36
Vishay Intertechnology Malvern                     36                   100
Madrigal Pharmaceuticals West Conshocken                     36                     15
Lincoln National Radnor                     34                   268
Globus Medical Audubon                     32                     42
Dorman Products Colmar                     28                     30
Axalta Coating Systems Ltd Philadelphia                     28                     58
Healthcare Services Group Bensalem                     27                     12
Hamilton Lane Bala Cynwyd                     25                     41
Endo Intl plc Malvern                     21                      (2)
Kulicke and Soffa Industries Fort Washington                     13                       1
BioTelemetry Malvern                     12                     10
Stonemor Trevose                     10                    (23)
Idera Pharmaceuticals Exton                       9                    (11)
Brandywine Realty Trust Philadelphia                       8                       5
Knoll East Greenville                       7                     25
Omega Flex Exton                       6                       6
Universal Health Realty Income Trust King of Prussia                       5                       4
Vishay Precision Group Malvern                       5                     11
FS Credit Real Estate Income Trust Philadelphia                       4                       2
Prudential Bancorp Philadelphia                       3                       3
Meridian Corp Malvern                       3                       3
Malvern Bancorp Paoli                       2                       2
PQ Group Holdings Malvern                       2                       6
Quaint Oak Bancorp Southampton                       1                       1
Univest Financial Corp Souderton                       0                     20
HV Bancorp Doylestown                       0                       0
Innovative Solutions and Support Exton                       0                       0
Nocopi Technologies King of Prussia                       0                       0
Lightning Gaming Boothwyn                       0                       0
Integrated Ventures Huntingdon Valley                      (0)                      (1)
Independence Realty Trust Philadelphia                      (0)                       3
Annovis Bio Berwyn                      (0)                      (0)
Escalon Medical Wayne                      (0)                       0
QNB Corp Quakertown                      (0)                       4
Republic First Bancorp Philadelphia                      (1)                       1
Strata Skin Sciences Horsham                      (1)                      (1)
NexGel Langhorne                      (1)                      (1)
ProPhase Labs Doylestown                      (1)                      (1)
Positive Physicians Holdings Berwyn                      (2)                       0
Meet Group New Hope                      (2)                       2
Livent Corp Philadelphia                      (2)                     21
Resource Apartment REIT III Philadelphia                      (2)                      (3)
Ocugen Malvern                      (4)                      (6)
Oncova Therapeutics Newtown                      (5)                      (8)
Helius Medical Technologies Newtown                      (5)                       1
Hill International Philadelphia                      (5)                      (1)
Trevena Chesterbrook                      (6)                      (5)
TELA Bio Malvern                      (7)                      (6)
Cabaletta Bio Philadelphia                      (7)                      (4)
Windtree Therapeutics Warrington                      (7)                      (7)
Recro Pharma Malvern                      (8)                       0
Resource Real Estate Opportunity REIT II Philadelphia                      (8)                     12
AgroFresh Solutions Philadelphia                      (8)                    (13)
USA Technologies Malvern                      (9)                      (4)
Resource Real Estate Opportunity REIT Philadelphia                      (9)                     23
Verrica Pharmaceuticals West Chester                    (10)                      (7)
Zynerba Pharmaceuticals Devon                    (12)                      (9)
Entercom Communications Philadelphia                    (12)                       5
Cohen and Company Philadelphia                    (12)                      (2)
Neuronetics Malvern                    (13)                      (8)
Strongbridge Biopharma Trevose                    (13)                    (18)
Pennsylvania Real Estate Investment Trust Philadelphia                    (14)                    (16)
Bryn Mawr Bank Bryn Mawr                    (14)                     13
PhaseBio Pharmaceuticals Malvern                    (15)                      (7)
Aclaris Therapeutics Wayne                    (15)                    (27)
Safeguard Scientifics Radnor                    (16)                     22
Lannett Company Philadelphia                    (18)                     12
Zyla Life Sciences Wayne                    (18)                    (11)
Galera Therapeutics Malvern                    (18)                    (10)
Passage Bio Philadelphia                    (18)                      (8)
Marinus Pharmaceuticals Radnor                    (19)                    (12)
Nabriva Therapeutics plc King of Prussia                    (23)                    (20)
BrightView Holdings Blue Bell                    (27)                      (5)
Optinose Yardley                    (29)                    (29)
Baudax Bio Malvern                    (40)                      (4)
Unisys Blue Bell                    (42)                    (21)
Quaker Chemical Conshohocken                    (42)                     18
Trinseo SA Berwyn                    (48)                     47
Global Indemnity Ltd Bala Cynwyd                    (57)                     24
Five Below Philadelphia                    (72)                     26
Triumph Group Berwyn                    (82)                  (208)
Aramark Philadelphia                  (197)                     39
Urban Outfitters Philadelphia                  (199)                     43
TE Connectivitity Ltd Berwyn                  (410)                   520
Exelon Generation Company LLC Kennett Square                  (547)                   652
FS KKR Capital Corp Philadelphia                  (703)                   101
FS KKR Capital Corp II Philadelphia                  (708)                     71
FS Energy & Power Fund Philadelphia                  (764)                   108
Total all 110 Philadelphia Area Companies                2,418              10,726 -77%
Pittsburgh Area Companies
PNC Financial Services Pittsburgh                1,060                1,519
Kraft-Heinz Pittsburgh                   541                   621
PPG Industries Pittsburgh                   319                   419
Howmet Aerospace Pittsburgh                   291                   257
EQM Midstream Partners LP Canonsburg                   255                   252
Alcoa Pittsburgh                   219                     92
Equitrans Midstream Corp Canonsburg                   209                   232
Westinghouse Air Brake Tech Pittsburgh                   149                     15
Arconic Pittsburgh                     91                     66
Federated Hermes Pittsburgh                     86                     73
F N B Corp Pittsburgh                     58                   116
MSA Safety Cranberry Township                     57                     32
CNX Midstream Partners LP Canonsburg                     46                     35
WESCO INTL Pittsburgh                     44                     54
II-VI Inc Saxonburg                     41                     25
Allegheny Technologies Pittsburgh                     34                     17
Ansys Canonsburg                     33                     99
Kennametal Pittsburgh                     32                     79
Mylan NV Canonsburg                     31                  (115)
TriState Capital Holdings Pittsburgh                     16                     17
Evoqua Water Technologies Pittsburgh                       8                      (3)
CONSOL Energy Canonsburg                       4                     19
Ampco-Pittsburgh Carnegie                       2                    (12)
Mastech Digital Moon Township                       2                       1
Smith Micro Software Pittsburgh                       2                       0
Standard AVB Financial Monroeville                       1                       3
WVS Financial Corp Pittsburgh                       1                       1
SSB Bancorp Pittsburgh                       0                       0
CONSOL Coal Resources LP Canonsburg                       0                     15
Koppers Holdings Pittsburgh                       0                       9
Venture Vanadium Pittsburgh                      (0)                       0
Limbach Holdings Pittsburgh                      (1)                       3
Universal Stainless & Alloy Products Bridgeville                      (2)                       1
ExOne Company North Huntingdon                      (3)                      (5)
LB Foster Company Pittsburgh                      (3)                      (4)
NeuBase Therapeutics Pittsburgh                      (4)                      (2)
Krystal Biotech Pittsburgh                      (5)                      (4)
Matthews Intl Pittsburgh                    (98)                     15
EQT Corp Pittsburgh                  (134)                   229
Dick's Sporting Goods Coraopolis                  (208)                     80
GNC Holdings Pittsburgh                  (213)                    (14)
American Eagle Outfitters Pittsburgh                  (361)                     52
United States Steel Pittsburgh                  (410)                     62
CNX Resources Canonsburg                  (458)                    (76)
Total all 44 Pittsburgh Area Companies                1,733                4,275 -59%
All Pennsylvania Cos Outside of Philly and Pittsburgh Areas
PPL Corp Allentown                   694                   592
Air Products & Chemicals Allentown                   653                   541
CrossAmerica Partners LP Allentown                     72                       0
Shift4 Payments Allentown                      (5)                    (13)
First Keystone Corp Berwick                       2                       2
Embassy Bancorp Bethlehem                       3                       3
Edison Nation Bethlehem                       1                      (1)
Orasure Technologies Bethlehem                      (7)                      (3)
Rite Aid Camp Hill                       8                    (61)
Harsco Camp Hill                      (8)                     14
CB Financial Services Carmichaels                       1                       4
Franklin Financial Services Chambersburg                       2                       4
Emclair Financial Emlenton                       1                       3
CNB Financial Corp Clearfield                     11                     11
FNCB Bancorp Dumore                       3                       3
Fidelity D & D Bancorp Dunmore                       3                       3
ENB Financial Ephrate                       3                       3
Erie Indemnity Co Erie                     76                     96
ACNB Corp Gettysburg                      (2)                       7
Ollie's Bargain Outlet Harrisburg                     43                     41
Riverview Financial Corp Harrisburg                       1                      (1)
Hersha Hospitality Trust Harrisburg                    (30)                    (13)
Hershey Hershey                   335                   396
Norwood Financial Corp Honesdale                       4                       4
S&T Bancorp Indiana                     16                     27
First Commonwealth Financial Indiana                       6                     31
Penns Woods Bancorp Jersey Shore                       4                       5
AmeriServ Financial Johnstown                       2                       2
Fulton Financial Lancaster                     29                     67
Ocean Thermal Energy Lancaster                      (3)                      (0)
Armstrong Flooring Lancaster                    (14)                    (17)
Armstrong World Industries Lancaster                  (300)                     50
Citizens Financial Services Inc Mansfield                       5                       5
Donegal Group Marietta                       3                     27
Select Medical Holdings Mechanicsburg                     92                     72
Juniata Valley Financial Mifflintown                       1                       1
Mid Penn Bancorp Millersburg                       4                       5
EnerSys Reading                       7                     24
Peoples Financial Services Group Scranton                       6                       7
Orrstown Financial Services Shippensburg                       6                       3
ESSA Bancorp Stroudsburg                       4                       3
Weis Markets Sunbury                     36                     19
Northwest Bancshares Warren                       9                     32
Citizens & Northern Corp Wellsboro                       5                       6
Arbutus Biopharma Warminster                    (14)                    (23)
Gaming & Leisure Properties Wyomissing                     97                     94
Customers Bancorp Wyomissing                       5                     20
Penn National Gaming Wyomissing                  (708)                     56
P.H. Glatfelter York                     10                       6
York Water Company York                       5                       4
Ameri Metro York                      (3)                      (2)
Codorus Valley Bancorp York                      (4)                       5
Dentsply Sirona York                  (130)                     54
Total all 53 Penn Cos Outside of Philly and Pittsburgh Areas                1,039                2,220 -53%
Total all 207 Pennsylvania Companies                5,189              17,221 -70%