Friday, July 10, 2020

Pennsylvania Companies Performed Much Better on the Audited Pretax Earnings Growth Front During Obama/Biden's Last Three Years (+15% Per Year) Than They Did During Trump/Pence's First Three Years (+5% Per Year) and This Was Before the Devastating Earnings Impact From Covid-19

From a review of SEC filings and Google Finance, there were 73 Pennsylvania Companies with stock market caps very recently of above $1 bil and which reported annual financial statement earnings information to 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 73 largest Pennsylvania Companies.
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)
Pennsylvania 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
Comcast Corp Philadelphia PA Dec 19     16,996     15,242     15,353     14,353     13,372     12,465     11,115
PNC Financial Services Pittsburgh PA Dec 19       6,480       6,428       5,490       5,253       5,507       5,614       5,688
Chubb Philadelphia PA Dec 19       5,249       4,657       3,722       4,950       3,296       3,487       4,238
Kraft-Heinz Pittsburgh PA Dec 19       2,661   (11,321)       5,450       5,023       1,013          803       1,344
Air Products & Chemicals Allentown PA Sept 19       2,290       2,015       1,416       2,132       1,743       1,365       1,350
PPL Corp Allentown PA Dec 19       2,155       2,285       1,912       2,550       2,068       2,129       1,728
TE Connectivitity Ltd Berwyn PA Sept 19       1,931       2,240       1,720       1,162       1,575       1,760       1,080
Hershey Hershey PA Dec 19       1,381       1,411       1,111       1,099          902       1,306       1,251
Ametek Berwyn PA Dec 19       1,070          988          797          693          806          805          725
Universal Health Services King of Prussia PA Dec 19       1,066       1,035       1,135       1,156       1,146          930          869
AmerisourceBergen Chesterbrook PA Sept 19          967       1,177          918       1,391          269          670          824
Lincoln National Radnor PA Dec 19          919       1,885       1,130       1,458       1,430       1,997       1,631
Radian Group Philadelphia PA Dec 19          849          684          347          484          438          407        (173)
PPG Industries Pittsburgh PA Dec 19       1,661       1,693       2,005          827       1,783       1,346       1,226
Toll Brothers Horsham PA Oct 19          787          934          814          589          536          505          268
Crown Holdings Yardley PA Dec 19          786          740          829          769          639          521          576
Essent Group Ltd Radnor PA Dec 19          659          547          399          312          228          136            58
FMC Corp Philadelphia PA Dec 19          655          608            96          339        (131)          364          503
SEI Investments Oaks PA Dec 19          631          614          557          508          500          490          435
Howmet Aerospace Pittsburgh PA Dec 19          575          868          470          414          183          113     (1,816)
Aramark Philadelphia PA Sept 19          556          472          521          431          342          230            91
Ansys Canonsburg PA Dec 19          523          487          396          380          357          348          322
F N B Corp Pittsburgh PA Dec 19          471          452          356          246          230          207          163
Westinghouse Air Brake Tech Pittsburgh PA Dec 19          447          368          352          413          585          508          421
Dick's Sporting Goods Coraopolis PA Jan 20          408          432          501          458          531          556          546
UGI Corp King of Prussia PA Sept 19          401          855          701          710          592          768          590
Erie Indemnity Co Erie PA Dec 19          397          371          316          320          266          251          247
Gaming & Leisure Properties Wyomissing PA Dec 19          396          344          390          297          136          144            30
Federated Hermes Pittsburgh PA Dec 19          365          296          352          341          275          239          259
Dentsply Sirona York PA Dec 19          345        (958)     (1,604)          441          330          404          369
Teleflex Wayne PA Dec 19          340          220          285          246          245          220          176
Axalta Coating Systems Ltd Philadelphia PA Dec 19          330          268          190            87          161            37        (264)
Kennametal Pittsburgh PA June 19          311          275            82        (199)        (388)          229          267
EPAM Systems Newtown PA Dec 19          300          250          174          126          106            87            77
Armstrong World Industries Lancaster PA Dec 19          299          243          222          144            80          148          199
West Pharmaceutical Services Exton PA Dec 19          292          241          222          190          116          169          147
WESCO INTL Pittsburgh PA Dec 19          282          281          252          132          304          384          380
Select Medical Holdings Mechanicsburg PA Dec 19          265          236          202          181          208          204          198
Fulton Financial Lancaster PA Dec 19          264          233          234          208          188          211          213
FS KKR Capital Corp Philadelphia PA Dec 19          246          569          182          294            38          195          266
American Eagle Outfitters Pittsburgh PA Jan 20          245          345          287          335          322          160          142
Allegheny Technologies Pittsburgh PA Dec 19          242          248          (87)        (734)        (478)              2        (155)
Urban Outfitters Philadelphia PA Jan 20          240          386          261          338          350          363          428
Vishay Intertechnology Malvern PA Dec 19          226          417          279            94            75          167          176
Five Below Philadelphia PA Jan 20          222          192          159          114            93            77            52
Carpenter Technology Philadelphia PA June 19          216          160            70            22            89          196          217
Essential Utilities  Bryn Mawr PA Dec 19          212          178          257          255          217          239          224
Globus Medical Audubon PA Dec 19          190          189          170          157          173          139          102
MSA Safety Cranberry Township PA Dec 19          184          162            30          152          111          127          120
EnerSys Reading PA Mar 20          147          182          238          213          182          249          164
Ollie's Bargain Outlet Harrisburg PA Dec 19          173          161          130            96            57            44            31
CubeSmart Malvern PA Dec 19          171          165          136            88            79            26            10
EQT Midstream Partners LP Canonsburg PA Dec 19          162          671          610          548          438          325          244
Mylan NV Canonsburg PA Dec 19          154          298          903          122          915          975          747
Northwest Bancshares Warren PA Dec 19          141          134          136            71            89            84            93
Hamilton Lane Bala Cynwyd PA Dec 19          130          140            75            57            72            67            51
II-VI Inc Saxonburg PA June 19          129          122          119            90            79            46            77
PQ Group Holdings Malvern PA Dec 19          121            89          (61)          (69)            11            23            61
Dorman Products Colmar PA Dec 19          106          171          177          169          146          141          128
FS KKR Capital Corp II Philadelphia PA Dec 19            92          (38)          190          417          (61)          191          131
Weis Markets Sunbury PA Dec 19            89            82            79          125            92            84          118
Penn National Gaming Wyomissing PA Dec 19            86            90          (25)          121            57        (153)        (626)
Healthcare Services Group Bensalem PA Dec 19            85          100          133          120            90            32            66
CNX Resources Canonsburg PA Dec 19            60       1,099          119        (526)        (476)          180            46
BioTelemetry Malvern PA Dec 19            40            42          (10)            16              8          (12)            (7)
Brandywine Realty Trust Philadelphia PA Dec 19            35          136          121            41          (31)              6            39
Kulicke and Soffa Industries Fort Washington PA Sept 19            35          178          119            56            39            77            67
Quaker Chemical Conshohocken PA Dec 19            29            83            61            84            70            78            73
Omega Flex Exton PA Dec 19            23            27            24            22            24            21            15
Evoqua Water Technologies Pittsburgh PA Sept 19              1              9            14            (5)          (38)        (150)              7
Alcoa Pittsburgh PA Dec 19        (438)       1,625       1,200        (162)        (337)          (63)     (2,747)
United States Steel Pittsburgh PA Dec 19        (452)          812          301        (416)     (1,459)          170     (2,232)
EQT Corp Pittsburgh PA Dec 19     (1,597)     (3,077)          199        (395)          427          724          521
Total all 73 Pennsylvania Cos     58,505     46,243     56,411     52,524     43,430     47,387     36,000
Pretax Income % Change vs Preceding Year 27% -18% 7% 21% -8% 32%
Average Annual Total Pretax Income Increase
… Trump-Pence's First 3 Years (2017-2019) 5%
… Obama-Biden's Last 3 Years (2014-2016) 15%



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