Wednesday, August 5, 2020

Georgia Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up a Blistering 50% Per Year) Than They Did During Trump/Pence's First Three Years in Office (Up 5.5% Per Year).

From a review of SEC filings and Google Finance, there were 40 Georgia Companies with stock market caps recently of above $1 bil 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 to 2019).  I included Companies which were headquartered in Georgia for the majority of these twelve years.  

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 40 Georgia 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-
Georgia Companies City State 2019 FYE FYE FYE Pence Biden
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2016 2008 3 Years 8 Years
 $ mils  $ mils  $ mils 2017-19 2009-16
Home Depot Atlanta GA Jan 20     14,715     12,491       3,590 6% 31%
Coca-Cola Atlanta GA Dec 19     10,786       8,136       7,506 11% 1%
Southern Co Atlanta GA Dec 19       6,542       3,480       2,722 29% 3%
Delta Air Lines Atlanta GA Dec 19       6,198       6,353     (9,041) -1%
NM
United Parcel Services Atlanta GA Dec 19       5,652       5,121       5,015 3% 0%
AFLAC Columbus GA Dec 19       4,445       4,067       1,914 3% 14%
Intercontinental Exchange Atlanta GA Dec 19       2,481       2,029          474 7% 41%
PulteGroup Atlanta GA Dec 19       1,340          934     (1,683) 14%
NM
WestRock Atlanta GA Sep 19       1,145          245          131 122% 11%
Fleetcor Technologies Norcross GA Dec 19       1,078          643          135 23% 47%
Invesco Ltd Atlanta GA Dec 19          973       1,207          657 -6% 10%
Genuine Parts Atlanta GA Dec 19          830       1,074          768 -8% 5%
Synovus Financial Columbus GA Dec 19          765          388        (661) 32%
NM
Mohawk Industries Calhoun GA Dec 19          750       1,241     (1,272) -13%
NM
HD Supply Holdings Atlanta GA Jan 20          613          117     (1,477) 141%
NM
Global Payments Atlanta GA Dec 19          518          361          247 14% 6%
Primerica Duluth GA Dec 19          477          338          353 14% -1%
Acuity Brands Atlanta GA Aug 19          425          445          231 -1% 12%
Graphic Packaging Atlanta GA Dec 19          354          319          (66) 4%
NM
NCR Corp Atlanta GA Dec 19          341          379          316 -3% 2%
Carters Inc Atlanta GA Dec 19          328          396          122 -6% 28%
AGCO Corp Duluth GA Dec 19          261          205          512 9% -7%
Rollins Inc Atlanta GA Dec 19          261          261          113 0% 16%
Gray Television Atlanta GA Dec 19          255          106        (313) 47%
NM
Asbury Automotive Group Duluth GA Dec 19          243          268        (463) -3%
NM
United Community Banks Blairsville GA Dec 19          239          163        (102) 16%
NM
Piedmont Office Realty Trust Atlanta GA Dec 19          229          100          113 43% -1%
Flowers Foods Thomasville GA Dec 19          212          250          190 -5% 4%
Ameris Bancorp Moultrie GA Dec 19          212          105            (6) 34%
NM
Cousins Properties Atlanta GA Dec 19          153            61            14 50% 42%
Saia Inc Johns Creek GA Dec 19          147            75          (23) 32%
NM
Manhattan Associates Atlanta GA Dec 19          116          196            32 -14% 64%
Schweitzer-Mauduit Intl Alpharetta GA Dec 19            97            93            27 1% 31%
Aaron's Atlanta GA Dec 19            93          218          140 -19% 7%
Mueller Water Products Atlanta GA Sep 19            82            69            74 6% -1%
Americold Realty Trust Atlanta GA Dec 19            43            11          (11) 97%
NM
Columbia Property Trust Atlanta GA Dec 19              9            84          (23) -30%
NM
SecureWorks Corp Atlanta GA Jan 20          (51)          (53)          (23)
NM
NM
Equifax Atlanta GA Dec 19        (433)          728          374 -53% 12%
Newell Brands Atlanta, GA / Hoboken, NJ GA Dec 19        (852)          521              3 -88% 2158%
Total all 40 Georgia Companies     62,072     53,225     10,609 5.5% 50.2%