Wednesday, July 15, 2020

Minnesota Companies Performed Slightly Better on the Audited Pretax Earnings Growth Front During Obama/Biden's Last Three Years (+3.1% Per Year) Than They Did During Trump/Pence's First Three Years (+2.7% Per Year) and This Was Before the Devastating Earnings Impact From Covid-19

From a review of SEC filings and Google Finance, there were 30 Minnesota Companies with stock market caps very recently of above $1 bil and which reported consistently presented Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent seven years (Fiscal Years from 2013 to 2019).

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these seven fiscal years for each of these 30 largest Minnesota Companies.
Most
Recent Audited Audited Audited Audited Audited Audited Audited
Annual Pretax Pretax Pretax Pretax Pretax Pretax Pretax
Audited Income Income Income Income Income Income Income
Fincl (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Minnesota Companies City State Sts FYE FYE FYE FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2018 2017 2016 2015 2014 2013
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
UnitedHealth Group Minneapolis MN Dec 19     17,981     15,944     14,023     11,863     10,231       9,656       8,915
US Bancorp Minneapolis MN Dec 19       8,594       8,678       7,517       8,105       8,030       7,995       7,764
3M Saint Paul MN Dec 19       5,712       7,000       7,548       7,053       6,823       7,026       6,562
Target Minneapolis MN Jan 20       4,190       3,676       3,630       3,965       4,923       3,653       4,121
Medtronic plc Minneapolis MN Apr 20       4,055       5,197       5,675       4,602       4,336       3,486       3,705
Travelers Companies Saint Paul MN Dec 19       3,138       2,961       2,730       4,053       4,740       5,089       4,945
General Mills Minneapolis MN May 20       2,600       2,082       2,136       2,271       2,404       1,762       2,655
Ameriprise Financial Minneapolis MN Dec 19       2,232       2,484       2,214       1,592       2,142       2,547       1,970
Best Buy Richfield MN Jan 20       1,993       1,888       1,817       1,816       1,310       1,387       1,083
Ecolab Saint Paul MN Dec 19       1,899       1,805       1,762       1,650       1,318       1,698       1,298
XCEL Energy Minneapolis MN Dec 19       1,500       1,442       1,690       1,704       1,527       1,545       1,432
Hormel Foods Austin MN Oct 19       1,210       1,181       1,279       1,317       1,057          922          799
Fastenal Winona MN Dec 19       1,044          987          873          790          826          787          713
CH Robinson Worldwide Eden Prairie MN Dec 19          742          880          728          812          823          723          673
Polaris Inc Medina MN Dec 19          408          429          319          313          686          699          574
Graco Minneapolis MN Dec 19          406          411          347            97          475          315          289
Donaldson Minneapolis MN July 19          375          364          322          257          289          361          348
Toro Co Bloomington MN Oct 19          322          372          353          330          291          256          227
nVent Electric plc St Louis Park MN Dec 19          257          269          313          315          266          277          259
Allete Inc Duluth MN Dec 19          179          159          187          176          167          162          133
H B Fuller Saint Paul MN Nov 19          173          157            61          167          138            79          128
Bio-Techne Minneapolis MN June 19          112          126          112          147          154          161          161
Otter Tail Fergus Falls MN Dec 19          104            97          100            82            80            73            61
Sleep Number Minneapolis MN Dec 19          101            87            91            76            75          102            91
Proto Labs Maple Plain MN Dec 19            81            92            74            64            68            61            52
Tennant Minneapolis MN Dec 19            54            36            (1)            66            50            70            60
SPS Commerce Minneapolis MN Dec 19            42            28            11              8              7              4              2
Cardiovascular Systems Saint Paul MN June 19            (0)              2            (2)          (56)          (33)          (35)          (24)
Deluxe Corp Shoreview MN Dec 19        (186)          213          313          340          328          297          281
Patterson Companies Saint Paul MN Apr 20        (590)          106          179          251          302          274          261
Total all 30 Minnesota Companies     58,728     59,153     56,401     54,226     53,833     51,432     49,538
….. % Change From Prior Year -0.7% 4.9% 4.0% 0.7% 4.7% 3.8%
Average Annual Total Pretax Income % Change
… Trump-Pence's First Three Years (2017-2019) 2.7%
… Obama-Biden's Last Three Years (2014-2016) 3.1%



Posted by at