Tuesday, August 18, 2020

Massachusetts 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 29% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Up 13% Per Year

From a review of SEC filings and Google Finance, there were 69 Massachusetts 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 Massachusetts for at least 6 of these 12 years.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 69 Massachusetts 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
  Massachusetts Sts (Loss) (Loss) (Loss) Admin's Admin's
Massachusetts 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
Biogen Cambridge MA Dec 19         7,126         4,933         1,156 15% 41%
TJX Cos Framingham MA Jan 20         4,406         3,723         1,451 6% 20%
Thermo Fisher Scientific Waltham MA Dec 19         4,070         2,024         1,128 34% 10%
Raytheon Waltham MA Dec 19         3,986         3,085         2,522 10% 3%
State Street Corp Boston MA Dec 19         2,712         2,120         2,842 9% -3%
American Tower Boston MA Dec 19         1,916         1,126            372 23% 25%
Keurig Dt Pepper Burlington MA Dec 19         1,694         1,283           (375) 11% NM
Analog Devices Norwood MA Oct 19         1,486            957            666 18% 5%
Vertex Pharmaceutical Boston MA Dec 19         1,395             (67)           (460) NM NM
Eversource Energy Springfield MA Dec 19         1,190         1,505            372 -7% 38%
Skyworks Solutions Woburn MA Sep 19            961         1,201              82 -7% 171%
LPL Financial Holdings Boston MA Dec 19            742            298              93 50% 28%
Boston Scientific Marlborough MA Dec 19            687            177        (2,031) 96% NM
Waters Corp Milford MA Dec 19            678            600            372 4% 8%
Boston Properties Boston MA Dec 19            652            570            131 5% 42%
Eaton Vance Boston MA Oct 19            559            408            323 12% 3%
Akamai Technologies Cambridge MA Dec 19            532            466            235 5% 12%
Teradyne North Reading MA Dec 19            526             (55)           (382) NM NM
Hanover Insurance Group Worchester MA Dec 19            522              66            164 230% -7%
Sensata Technologies plc Attleboro MA Dec 19            390            321             (61) 7% NM
Iron Mountain Boston MA Dec 19            328            149            225 40% -4%
Dunkin Brands Group Canton MA Dec 19            319            279           (261) 5% NM
Entegris Billerica MA Dec 19            318            120           (496) 55% NM
Charles River Labs Wilmington MA Dec 19            304            223           (471) 12% NM
Aspen Technology Bedford MA Jun 19            303            211              28 15% 82%
Bruker Billerica MA Dec 19            280            178              93 19% 11%
Service Properties Trust Newton MA Dec 19            262            227            126 5% 10%
Abiomed Danvers MA Mar 20             257              91             (31) 61% NM
Cabot Boston MA Dec 19            255            191            112 11% 9%
IPG Photonics Oxford MA Dec 19            248            367              57 -11% 68%
UniFirst Wilmington MA Aug 19            238            203              99 6% 13%
PerkinElmer Waltham MA Dec 19            237            244            104 -1% 17%
Bright Horizons Family Solutions Watertown MA Dec 19            223            143               (9) 19% NM
Independent Bank Corp Rockland MA Dec 19            218            112              31 32% 33%
TripAdvisor Needham MA Dec 19            194            151            119 9% 3%
Watts Water Technologies North Andover MA Dec 19            184            128              68 15% 11%
MKS Instruments Andover MA Dec 19            178            128              56 13% 16%
Cognex Natick MA Dec 19            163            162              35 0% 45%
Clean Harbors Norwell MA Dec 19            148                9              94 515% -11%
Altra Industrial Motion Braintree MA Dec 19            148              34              23 112% 6%
Boston Beer Boston MA Dec 19            144            137              16 2% 95%
Cimpress NV Boston MA Jun 19            127              66              44 31% 6%
Safety Insurance Group Boston MA Dec 19            124              93              98 11% -1%
iRobot Corp Bedford MA Dec 19              99              61                1 21% 750%
Haemonetics Braintree MA Mar 20              87             (27)              85 NM -16%
Kadant Westford MA Dec 19              69              45             (14) 18% NM
Mercury Systems Andover MA Jun 19              60              25               (1) 47% NM
Ironwood Pharmaceuticals Cambridge MA Dec 19              59             (82)             (47) NM NM
Stag Industrial Boston MA Dec 19              51              36               (8) 14% NM
Virtusa Corp Southborough MA Mar 20              49              19              13 53% 6%
Novanta Bedford MA Dec 19              46              33           (252) 13% NM
Chase Corp Westwood MA Aug 19              44              50              17 -4% 24%
Office Properties Income Trust Newton MA Dec 19              32              23              32 13% -4%
Progress Software Bedford MA Nov 19              28             (35)              74 NM -18%
Nuance Communications Burlington MA Dec 19              26                2             (22) 400% NM
Repligen Waltham MA Dec 19              26              12                6 39% 13%
PTC Inc Needham MA Dec 19              20             (67)            119 NM -20%
Insulet Billerica MA Dec 19              15             (27)             (95) NM NM
Vicor Andover MA Dec 19              15               (6)                1 NM -88%
Brooks Automation Chelmsford MA Sep 19                9             (17)             (18) NM NM
Net Scout Systems Westford MA Mar 20                2              52              31 -32% 8%
LogMein Boston MA Dec 19               (9)                3               (5) -133% NM
Pegasystems Cambridge MA Dec 19           (135)              55              16 -115% 30%
Alkermes Waltham MA Sep 19           (197)           (214)            173 NM -28%
Hologic Marlborough MA Sep 19           (258)            415           (327) -54% NM
Momenta Pharmaceutics Cambridge MA Dec 19           (290)             (21)             (63) NM NM
MACOM Technology Solutions Lowell MA Sep 19           (423)             (22)               (6) NM NM
Sarepta Therapeutics Cambridge MA Dec 19           (714)           (267)             (24) NM NM
Alnylam Pharmaceuticals Cambridge MA Dec 19           (885)           (410)             (26) NM NM
Total all 69 Massachusetts Cos       39,256       28,023         8,420 13% 29%


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