Monday, August 17, 2020

Connecticut Companies Were One of Just a Small Handful of US State Companies Which Performed Better in Average Annual Pretax Earnings Growth ..... Up 12% Per Year During the Trump Administration (2017-2019) ..... Than They Did During the Obama Administration (2009-2016) ..... Down 1% Per Year

From a review of SEC filings and Google Finance, there were 36 Connecticut Companies with stock market caps of above $1 bil recently and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Years from 2008-2019).  I included Companies which were headquartered in Connecticut for a significant portion of these 12 years.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 36 Connecticut Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.


Average Average
    Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
Fincl Income Income Income Trump Obama
Connecticut Sts (Loss) (Loss) (Loss) Admin's Admin's
Connecticut Companies City State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
United Technologies Farmington CT Dec 19         8,243         7,133         6,936 5% 0%
Cigna Bloomfield CT Dec 19         6,570         2,979            382 40% 85%
Booking Holdings Norwalk CT Dec 19         5,958         2,713            276 40% 110%
Hartford Financial Services Hartford CT Dec 19         2,560            447         4,591 158% -11%
Charter Communications Stamford CT / Saint Louis, MO CT Dec 19         2,431            820        (2,550) 65% NM
Alexion Pharma New Haven, CT / Boston, MA CT Dec 19         2,179            576              35 93% 193%
United Rentals Stamford CT Dec 19         1,514            909           (813) 22% NM
Amphenol Wallingford CT Dec 19         1,496         1,141            593 10% 12%
Interactive Brokers Group Greenwich CT Dec 19         1,157            761         1,250 17% -5%
General Electric Fairfield, CT / Boston, MA CT Dec 19         1,149         7,031       19,770 -28% -8%
Stanley Black & Decker New Britain CT Dec 19         1,130         1,229            293 -3% 40%
WR Berkley Corp Greenwich CT Dec 19            853            896            326 -2% 22%
Xerox Norwalk CT Dec 19            822            568             (79) 15% NM
People's United Financial Bridgeport CT Dec 19            652            410            205 20% 13%
XPO Logistics Greenwich CT Dec 19            569            107                5 144% 255%
Starwood Property Trust Greenwich CT Dec 19            550            376                0 15% NM
SS&C Technologies Windsor CT Dec 19            532            164              26 75% 66%
Hubbell Shelton CT Dec 19            521            430            318 7% 4%
Webster Financial Waterbury CT Dec 19            487            303           (384) 20% NM
EMCOR Group Norwalk CT Dec 19            451            296            301 17% 0%
Fact Set Research Systems Norwalk CT Aug 19            422            461            189 -3% 18%
Hexcel Stamford CT Dec 19            380            338            111 4% 26%
Gartner Stamford CT Dec 19            276            288            145 -1% 12%
Silgan Holdings Stamford CT Dec 19            252            232            194 3% 2%
Terex Westport CT Dec 19            248           (271)              84 NM -53%
Barnes Group Bristol CT Dec 19            207            183            119 4% 7%
Aircastle Ltd Stamford CT Dec 19            175            157            123 4% 3%
Crane Stamford CT Dec 19            171            164            184 1% -1%
RBC Bearings Oxford CT Mar 20            154            105              51 16% 13%
Virtus Investment Partners Hartford CT Dec 19            141              70           (591) 34% NM
World Wrestling Entertainment Stamford CT Dec 19              95              53              69 26% -3%
Sturm Ruger Southport CT Dec 19              43            136              14 -23% 109%
Kaman Bloomfield CT Dec 19              41              90              59 -18% 7%
Pitney Bowes Stamford CT Dec 19              27            202            713 -29% -9%
Compass Diversified Holdings Westport CT Dec 19             (26)              63              10 -47% 66%
Tronox Holdings plc Stamford CT Dec 19             (88)           (264)           (148) NM NM
Total all 36 Connecticut Companies       42,342       31,296       32,807 12% -1%