Saturday, July 11, 2020

All 68 Michigan Companies 1Q of 2020 Total Pretax Earnings Declined By 64% From the 1Q of 2019

From a review of Company SEC filings, I found 68 Companies headquartered in Michigan with a stock market cap of at least $1 mil and which filed their 1Q 2020 earnings 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 68 Michigan Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Michigan Companies Quarter Quarter %
Stock Market Caps Above $1 Mil and Filing With the SEC City HQs 2020 2019  Change
mils $ mils $
Motor Vehicle-Related Companies
Aptiv plc Troy             1,575                275
General Motors Detroit                643             2,282
Meritor Troy                314                102
BorgWarner Auburn Hills                186                262
Lear Corp Southfield                109                287
Gentex Zeeland                107                125
WABCO Holdings Auburn Hills                  35                100
Adient plc Plymouth                  18                (62)
Gentherm Northville                  17                  15
Shyft Group Novi                  12                    6
Stoneridge Inc Novi                    5                  11
Unique Fabricating Auburn Hills                  (1)                  (0)
Horizon Global Plymouth                (17)                (30)
Visteon Van Buren Township                (31)                  11
Delphi Technologies plc Troy                (34)                  25
Cooper-Standard Holdings Northville              (127)                  (3)
Superior Industries Inc Southfield              (194)                    7
Veoneer Southfield              (208)              (142)
American Axle Detroit              (498)                  39
Ford Motor Dearborn           (1,146)             1,610
Total all 20 Michigan Motor Vehicle-Related Companies                765             4,920 -84%
Companies in all Other Sectors
Stryker Kalamazoo                590                480
Kellogg Battle Creek                446                359
Dow Inc Midland                396                297
DTE Energy Detroit                391                462
CMS Energy Jackson                270                261
Whirlpool Benton Harbor                219                342
Masco Livonia                174                153
Domino's Pizza Ann Arbor                117                109
Perrigo Co plc Allegan                115                  81
Penske Automotive Group Bloomfield Hills                  72                134
Chemical Financial (Now TCF Financial) Detroit                  67                  95
Steelcase Grand Rapids                  65                  28
Flagstar Troy                  56                  44
UFP Industries Grand Rapids                  54                  48
Herman Miller Zeeland                  48                  46
Taubman Centers Bloomfield Hills                  37                  30
Agree Realty Bloomfield Hills                  22                  18
TriMas Bloomfield Hills                  16                  16
Universal Logistics Holdings Warren                  16                  23
Spartan Nash Grand Rapids                  15                  10
LA-Z-BOY Monroe                  14                    4
Neogen Lansing                  14                  17
Mercantile Bank Grand Rspids                  13                  15
Skyline Champion Troy                  12                  12
Altair Engineering Troy                  11                  17
Wolverine World Wide Rockford                  10                  47
Macatawa Bank Holland                    8                    9
Independent Bank Grand Rspids                    6                  12
ChoiceOne Financial Services Sparta                    4                    2
Level One Bancorp Farmington Hills                    4                    4
Mackinac Financial Manistique                    4                    4
Isabella Bank Mt. Pleasant                    3                    4
OptimizeRx Rochester                    2                  (0)
Saga Communications Gross Pointe Farms                    2                    2
InfuSystem Holdings Madison Heights                  (0)                  (1)
Zomedica Pharmaceuticals Ann Arbor                  (2)                (12)
ENDRA Life Sciences Ann Arbor                  (3)                  (3)
Kraig Biocraft Laboratories Ann Arbor                  (3)                  (0)
Zivo Bioscience Keego Harbor                  (3)                  (3)
Perceptron Plymouth                  (4)                  (1)
Conifer Holdings Birmingham                  (5)                  (1)
Millendo Therapeutics Ann Arbor                (12)                (10)
Sun Communities Southfield                (15)                  37
Alta Equipment Group Livonia                (18)                  (3)
Esperion Therapeutics Ann Arbor                (78)                  87
Credit Acceptance Corp Southfield              (113)                206
Kelly Services Troy              (188)                  29
Ally Financial Detroit              (411)                486
Total 48 Michigan Companies in all Other Sectors             2,438             3,996 -39%
Total all 68 Michigan Companies             3,203             8,916 -64%