Monday, August 24, 2020

Missouri Companies Performed Much Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up an Average of 16% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ... Up an Average of 7.5% Per Year

From a review of SEC filings and Google Finance, there were 21 Missouri Companies with stock market caps of above $1 bil in mid-June 2020 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 with HQs in Missouri for at least 6 of these 12 years.    Also, I excluded a Company making a substantial separation which had resultant non-comparable earnings in 2008.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 21 Missouri 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
    State Sts (Loss) (Loss) (Loss) Admin's Admin's
Missouri Largest Companies   HQs 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $1 Bil City HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Emerson Electric  St Louis  MO Sep 19         2,859         2,316         3,645 8% -5%
Charter Communications  St Louis, MO / Stamford, CT  MO Dec 19         2,431            820        (2,550) 65% -17%
O Reilly Auto  Springfield  MO Dec 19         1,790         1,637            303 3% 55%
Centene  St Louis  MO Dec 19         1,782         1,160            137 18% 93%
Reinsurance Group  Chesterfield  MO Dec 19         1,132         1,044            280 3% 34%
Ameren Corp  St Louis  MO Dec 19         1,016         1,041            971 -1% 1%
Kansas City Southern  Kansas City  MO Dec 19            788            663            246 6% 21%
Cerner  Kansas City  MO Dec 19            655            918            281 -10% 28%
Stifel Financial  St Louis  MO Dec 19            599            143              92 106% 7%
Amdocs Ltd  Chesterfield  MO Sep 19            568            485            418 6% 2%
Commerce Bancshares  Kansas City  MO Dec 19            532            401            274 11% 6%
Leggett & Platt   Carthage  MO Dec 19            430            487            193 -4% 19%
Jack Henry & Associates  Monett  MO Jun 19            347            361            164 -1% 15%
UMB Financial  Kansas City  MO Dec 19            286            199            140 15% 5%
Spire  St Louis  MO Sep 19            219            214              84 1% 19%
EPR Properties  Kansas City  MO Dec 19            152            226            129 -11% 9%
Belden  St Louis  MO Dec 19            152            126           (314) 7% -18%
ESCO Technologies  St Louis  MO Sep 19            102              68              71 17% -1%
Perficient  St Louis  MO Dec 19              48              31              17 18% 10%
H & R Block  Kansas City  MO Dec 19               (3)            629            839 -33% -3%
Olin Corp  Clayton  MO Dec 19             (37)             (34)            258 3% -14%
Total all 21 Missouri Companies       15,848       12,935         5,678 7.5% 16.0%