Wednesday, August 19, 2020

Hawaii Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up a Blistering 30% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Down 6% Per Year

Since Barack Obama is making a Democratic National Convention presentation tonight, I decided to research how Hawaii Companies performed on the Pretax Earnings front during the Obama Presidency. 

From a review of SEC filings and Google Finance, there were 8 Hawaii Companies with stock market caps of above $200 mil in June 2020 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).     

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 8 Hawaii 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
Sts (Loss) (Loss) (Loss) Admin's Admin's
Hawaii Largest Companies State 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $200 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Hawaiian Holdings  Honolulu  HI Dec 19               305               361                 53 -5% 73%
Bank of Hawaii  Honolulu  HI Dec 19               286               260               270 3% 0%
Hawaiian Electric Industries  Honolulu  HI Dec 19               271               374               141 -9% 21%
Matson Inc  Honolulu  HI Dec 19               108               131               136 -6% 0%
Central Pacific Financial  Honolulu  HI Dec 19                 78                 73             (188) 2% NM
Territorial Bancorp  Honolulu  HI Dec 19                 28                 27                 11 1% 18%
Maui Land & Pineapple Co  Lahaina  HI Dec 19                 (2)                 22               (65) -36% NM
Alexander & Baldwin  Honolulu  HI Dec 19               (39)                 35                 20 -70% 9%
Total all 8 Hawaii Cos            1,035            1,283               378 -6% 30%