Friday, July 17, 2020

The 122 Largest Florida Cos Posted Total Pretax Losses of $6.495 Bil in the First 2020 Quarter, a Complete Earnings Reversal From Their Total Pretax Income of $6.348 Bil in the First Quarter of 2019 ...... With This Earnings Deterioration of $12.843 Bil, Florida Was Effectively in an Economic Depression in the First Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 122 Florida Companies with stock market caps above $100 mil recently and which have filed their 1Q 2020 earnings with the SEC.  Those 122 Florida Companies with market caps above $100 mil is down substantially from that number during the Obama/Biden Administration.

Included in these 122 Florida Companies are five Florida Companies which I missed in my previous post on Florida Companies with stock market caps above $1 bil. 

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 122 Florida Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Florida Largest Companies Florida 2020 2019  Change
Market Caps Above $100 Mil City HQs mils $ mils $
CSX Corp Jacksonville             1,013             1,064
Lennar Miami                424                319
Roper Technologies Sarasota                305                419
Carrier Global Corp Palm Beach Gardens                295                543
Restaurant Brands Intl Miami/Toronto                270                302
Darden Restaurants Orlando                265                253
Raymond James Financial St Petersburg                239                347
Brown & Brown Daytona Beach                205                149
L3Harris Technologies Melbourne                195                243
Citrix Systems Fort Lauderdale                191                118
Heico Hollywood                105                116
Nextera Energy Juno Beach                  73                680
Office Depot Boca Raton                  66                    9
National Retail Properties Orlando                  65                  80
TopBuild Daytona Beach                  61                  47
Tech Data Clearwater                  60                  72
World Fuel Services Miami                  58                  51
Black Knight Jacksonville                  53                  50
Landstar System Jacksonville                  53                  80
Watsco Coconut Grove                  44                  54
Affiliated Managers Group West Palm Beach                  42              (195)
CenterState Bank Winter Haven                  41                  58
Masonite Intl Tampa                  40                    5
Overseas Shipholding Group Tampa                  38                  10
MasTec Coral Gables                  36                  55
National Beverage Fort Lauderdale                  34                  32
GEO Group Boca Raton                  32                  45
Rayonier Wildlight                  30                  32
Jabil St Petersburg                  29                101
Universal Insurance Holdings Fort Lauderdale                  28                  54
PGT Innovations North Venice                  20                  11
Sykes Enterprises Tampa                  19                  16
Kemet Corp Fort Lauderdale                  14                  48
Element Solutions Fort Lauderdale                  13                (14)
Fresh Del Monte Produce Coral Gables                  13                  46
Kforce Tampa                  13                  11
Catalyst Pharmaceuticals Coral Gables                  11                  (1)
Heritage Insurance Holdings Clearwater                  11                    9
Hilton Grand Vacations Orlando                    9                  75
Willis Lease Finance Corp Coconut Creek                    9                  28
PetMed Express Del Ray Beach                    9                    9
Hackett Group Miami                    8                    8
International Money Express Miami                    8                    4
MarineMax Clearwater                    7                    7
NV5 Global Hollywood                    6                    7
Capital City Bank Group Tallahassee                    5                    8
BRP Group Tampa                    5                  10
Alico Inc Fort Myers                    5                  10
Superior Group of Companies Inc Seminole                    5                    3
Amerant Bancorp Coral Gables                    4                  17
Kaival Brand Innovations Group Grant                    4                  (0)
Federated National Holding Co Sunrise                    2                  (5)
FRP Holdings Inc Jacksonville                    2                    2
Seacoast Banking Corp Florida Stuart                    1                  29
Bluegreen Vacations Boca Raton                    1                  22
Celsius Holdings Boca Raton                    1                  12
HCI Group Tampa                    1                    9
Iradimed Winter Springs                    1                    2
Ocean Bio Chem Fort Lauderdale                    1                    1
Alpine Income Property Trust Daytona Beach                    0                    1
EVI Industries Miami                    0                    1
Professional Holding Corp Coral Gables                  (1)                  (0)
Red Violet Boca Raton                  (1)                  (1)
Coro Global Miami                  (1)                  (2)
Digital Media Solutions Clearwater                  (1)                  (0)
Gencor Industries Orlando                  (1)                    9
Veru Inc Miami                  (1)                  (4)
St Joe Co Watersound                  (2)                    3
Cross Country Healthcare Boca Raton                  (2)                  (4)
Dyadic International Jupiter                  (2)                  (2)
Blink Charging Co Miami Beach                  (3)                  (2)
SharpSpring Gainesville                  (3)                  (3)
Herc Holdings Bonita Springs                  (3)                (10)
Vector Group Ltd Miami                  (4)                  22
AIM ImmunoTech  Ocala                  (4)                  (3)
Bright Mountain Media Boca Raton                  (4)                  (1)
Ruth's Hospitality Group Winter Park                  (5)                  16
Apyx Medical Clearwater                  (7)                  (6)
Advanced Disposal Services Ponte Vedra                  (8)                  (7)
Seacor Holdings Fort Lauderdale                  (8)                  18
Tupperware Brands Orlando                  (8)                  52
AxoGen Alachua                  (8)                (10)
Fidelity National Information Services Jacksonville                (11)                188
Applied Genetic Technologies Alachua                (11)                  12
Hemisphere Media Group Coral Gables                (11)                    1
Helios Technologies Sarasota                (13)                  21
Mednax Sunrise                (14)                  51
Welbilt New Port Richey                (15)                  (3)
CTO Realty Growth Inc Daytona Beach                (16)                    7
Rayonnier Advanced Materials Jacksonville                (26)                (39)
Chatham Lodging Trust West Palm Beach                (28)                    2
Dycom Industries Palm Beach Gardens                (30)                  20
Prime Water Group Tampa                (31)                (24)
ACI Worldwide Naples                (35)                (39)
Regency Centers Jacksonville                (36)                  61
BBX Capital Corp Fort Lauderdale                (37)                    6
BankUnited Miami Lakes                (40)                  90
Xenia Hotel & Resorts Orlando                (44)                  23
Chewy Dania Beach                (48)                (30)
Bloomin Brands Tampa                (54)                  71
TherapeuticsMD Boca Raton                (57)                (40)
OPKO Health Miami                (58)                (78)
Benefytt Technologies Tampa                (59)                    5
Spirit Airlines Miramar                (75)                  72
SeaWorld Entertainment Orlando                (77)                (52)
Fidelity National Financial Jacksonville                (86)                264
Orchid Island Capital Vero Beach                (91)                  11
Ryder System Miami              (114)                  68
Marriott Vacations Worldwide Orlando              (163)                  39
Wyndham Destinations Orlando              (178)                112
SBA Communications Boca Raton              (194)                  36
Chico's FAS Fort Myers              (255)                    5
AutoNation Fort Lauderdale              (271)                126
Mosaic Co Tampa, FL / Plymouth, MN              (317)                177
Hertz Global Holdings Estero              (361)              (149)
ADT Inc Boca Raton              (378)                (89)
ARMOUR Residential REIT Vero Beach              (407)              (114)
Carnival Miami              (770)                338
NextEra Energy Partners LP Juno Beach              (795)              (128)
Royal Caribbean Cruises Miami           (1,437)                257
Norwegian Cruise Line Miami           (1,887)                  84
Icahn Enterprises Holding LP Sunny Isles, FL / New York           (2,486)              (658)
Total all 122 Florida Cos           (6,495)             6,348 -202%