Saturday, August 8, 2020

Florida Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up a Blistering 53% Per Year) Than They Did During Trump/Pence's First Three Years in Office (Up 4% Per Year)

From a review of SEC filings and Google Finance, there were 50 Florida Companies with stock market caps of above $1 bil recently 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 to 2019). I only included Companies which were headquartered in Florida for at least 6 of these 12 years.

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 50 Florida 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.

Average Average
Annual Audited Audited Audited Annual  Annual 
Audited Pretax Pretax Pretax % Change % Change
Fincl Income Income Income During During
    Sts (Loss) (Loss) (Loss) Trump- Obama-
  Florida 2019 FYE FYE FYE Pence Biden
Florida Companies City State FYE 2019 2016 2008 3 Years 8 Years
Stock Market Caps Above $1 Bil HQs HQs    $ mils  $ mils  $ mils 2017-19 2009-16
   
CSX Corp Jacksonville FL Dec 19         4,316         2,741         2,332 19% 2%
Nextera Energy Juno Beach FL Dec 19         3,836         4,378         2,089 -4% 14%
Carnival Miami FL Nov 19         3,060         2,828         2,371 3% 2%
Lennar Miami FL Nov 19         2,434         1,330           (566) 28% NM
Roper Technologies Sarasota FL Dec 19         2,227            941            429 46% 15%
Royal Caribbean Miami FL Dec 19         1,908         1,283            574 16% 15%
Restaurant Brands Intl Miami/Toronto FL Dec 19         1,452         1,200            293 7% 39%
Raymond James Financial St. Petersburg FL Sep 19         1,375            812            383 23% 14%
Fidelity National Financial Jacksonville FL Dec 19         1,369            955           (280) 14% NM
L3Harris Technologies Melbourne FL Jun 19         1,113            884            668 9% 4%
Norwegian Cruise Line Miami FL Dec 19            911            640           (212) 14% NM
AutoNation Fort Lauderdale FL Dec 19            613            702        (1,402) -4% NM
Brown & Brown Daytona Beach FL Dec 19            526            423            272 8% 7%
MasTec Coral Gables FL Dec 19            511            226              67 42% 30%
Citrix Systems Fort Lauderdale FL Dec 19            510            528            197 -1% 21%
Tech Data Clearwater FL Jan 20            485            257            178 30% 6%
Jabil St. Petersburg FL Aug 19            451            387            157 6% 18%
Heico Hollywood FL Oct 19            438            257            103 23% 19%
Spirit Airlines Miramar FL Dec 19            436            417              34 2% 141%
Fidelity National Information Services Jacksonville FL Dec 19            413            837            181 -17% 45%
BankUnited Miami Lakes FL Dec 19            404            335           (953) 7% NM
Watsco Coconut Grove FL Dec 19            363            342              97 2% 32%
National Retail Properties Orlando FL Dec 19            300            240              91 8% 20%
Landstar System Jacksonville FL Dec 19            296            219            179 12% 3%
CenterState Bank Winter Haven FL Dec 19            294              64                5 120% 148%
Regency Centers Jacksonville FL Dec 19            243            167            119 15% 5%
World Fuel Services Miami FL Dec 19            237            142            138 22% 0%
Marriott Vacations Worldwide Orlando FL Dec 19            225            198                9 5% 263%
SBA Communications Boca Raton FL Dec 19            187              87             (66) 38% NM
GEO Group Boca Raton FL Dec 19            174            149              91 6% 8%
National Beverage Fort Lauderdale FL Apr 20            169            163              39 1% 40%
Office Depot Boca Raton FL Dec 19            146            459        (1,580) -23% NM
Bloomin Brands Tampa FL Dec 19            142              53           (966) 56% NM
Vector Group Ltd Miami FL Dec 19            134            126              95 2% 4%
Seacoast Banking Corp Florida Stuart FL Dec 19            129              44             (68) 64% NM
Fresh Del Monte Produce Coral Gables FL Dec 19              91            237            162 -21% 6%
Sykes Enterprises Tampa FL Dec 19              86              89              84 -1% 1%
Rayonier Wildlight FL Dec 19              81            223            178 -21% 3%
Dycom Industries Palm Beach Gardens FL Jan 20              79            206              38 -21% 55%
Helios Technologies Sarasota FL Dec 19              75              35              38 38% -1%
ACI Worldwide Naples FL Dec 19              72            186              28 -20% 71%
Masonite Intl Tampa FL Dec 19              66            126        (1,284) -16% NM
PGT Innovations North Venice FL Dec 19              56              36           (192) 19% NM
St Joe Co Watersound FL Dec 19              36              23             (62) 19% NM
NeoGenomics Fort Myers FL Dec 19                4               (8)               (1) NM NM
Ryder System Miami FL Dec 19             (42)            407            409 -37% 0%
Faro Technologies Lake Mary FL Dec 19             (61)              13              18 -190% -3%
Darden Restaurants Orlando FL May 20           (161)            637            513 -42% 3%
OPKO Health Miami FL Dec 19           (305)             (97)             (40) NM NM
Mednax Sunrise FL Dec 19        (1,242)            514            241 -114% 14%
Total all 50 Florida Companies       30,662       27,441         5,228 3.9% 53.1%



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