Saturday, August 1, 2020

Excluding Freddie Mac, the Other Virginia Companies Also Showed Substantial Earnings Improvement on the Audited Annual Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up a Blistering 68% Per Year), Substantially Better Than They Did During Trump/Pence's First Three Years in Office (Down 11% Per Year). And Freddie Mac's Pretax Losses Improved By a Staggering $56.2 Bil During the Obama/Biden Administration.

From a review of SEC filings and Google Finance, there were 41 Virginia 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 (Fiscal Years from 2008-2019).    I excluded Companies which had a separation and thus their earnings numbers were not comparable among years.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 41 Virginia Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.
Annual Audited Audited Audited
Audited Pretax Pretax Pretax
    Fincl Income Income Income
    Sts (Loss) (Loss) (Loss)
Virginia Companies City State FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs 2019 2019 2016 2008
   $ mils  $ mils  $ mils
Northern Virginia Area Cos
Freddie Mac McLean VA Dec 19             9,049           11,639         (44,564)
Capital One Financial McLean VA Dec 19             6,874             5,484                582
General Dynamics Falls Church VA Dec 19             4,202             3,656             3,604
Northop Grumman Falls Church VA Dec 19             2,548             2,681              (520)
NVR Inc Reston VA Dec 19             1,026                662                167
AES Corp Arlington VA Dec 19             1,001                187             2,667
AvalonBay Community Arlington VA Dec 19                799             1,034                  99
Verisign Reston VA Dec 19                759                581                  23
Booz Allen Hamilton McLean VA Mar 20                579                426              (515)
Tegna McLean VA Dec 19                376                449           (7,265)
CACI Intl Arlington VA Jun 19                328                224                129
Maximus Reston VA Sep 19                317                286                  48
Mantech Intl Fairfax VA Dec 19                136                  90                150
Strategic Education Herndon VA Dec 19                124                  57                131
ePLUS Herndon VA Mar 20                  96                  86                  22
ICF Intl Fairfax VA Dec 19                  90                  75                  49
K12 Inc Herndon VA Jun 19                  48                  13                  13
MicroStrategy Inc Tysons Corner VA Dec 19                  38                115                  71
Beacon Roofing Supply Herndon VA Sep 19                (11)                147                  69
Iridium Communications McLean VA Dec 19              (218)                178                    3
Total all 19 Northern Virginia Cos … No Freddie Mac           19,112           16,431              (473)
Richmond Area Cos
Altria Group Richmond VA Dec 19                766           21,852             4,789
Dominion Energy Richmond VA Dec 19             1,727             2,867             2,613
CarMax Richmond VA Feb 20             1,161             1,006                  97
Genworth Financial Richmond VA Dec 19                714                320              (942)
NewMarket Richmond VA Dec 19                332                343                105
Apple Hospitality REIT Richmond VA Dec 19                173                145                    2
Atlantic Union Bankshares  Richmond VA Dec 19                231                102                    9
Universal Corp Richmond VA Mar 20                113                169                197
Brink's Co Richmond VA Dec 19                  94                125                225
Markel Glen Allen VA Dec 19             2,286                630              (160)
Owens & Minor  Mechanicsville VA Dec 19                (29)                173                165
Total all 11 Richnond Area Cos             7,568           27,732             7,100
Hampton Roads Area Cos
Norfolk Southern Norfolk VA Dec 19             3,491             2,582             2,750
Huntington Ingalls Industries Newport News VA Dec 19                683                784           (2,394)
TowneBank Portsmouth VA Dec 19                176                101                  33
PRA Group Norfolk VA Dec 19                117                136                  74
Dollar Tree Chesapeake VA Jan 20             1,099             1,329                359
Total all 5 Hampton Roads Area Cos             5,566             4,932                822
Rest of Virginia Cos
Advance Auto Parts Roanoke VA Dec 19                638                739                381
BWX Technologies Lynchburg VA Dec 19                314                257                (54)
Trex Co Winchester VA Dec 19                190                103                    5
American Woodward Winchester VA Apr 20                101                109                  (6)
Shenandoah Telecomm Edinburg VA Dec 19                  71                    2                  44
Total all 5 Rest of Virginia Cos             1,314             1,210                370
Total 40 Virginia Cos ….. No Freddie Mac           33,560           50,305             7,819
….. % Decrease 3 Years 2017-2019 -33%
….. Average Annual % Decrease 3 Years 2017-2019 -11%  Per Year 
….. % Increase 8 Years 2009-2016 543%
….. Average Annual % Increase 8 Years 2009-2016 68%  Per Year 



Posted by at