Thursday, August 20, 2020

Rhode Island Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up 13% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ... Up 1% Per Year

From a review of SEC filings, a Company's Annual Report on its Website and Google Finance, there were 6 Rhode Island Companies with stock market caps of above $500 mil in 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).     

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 6 Rhode Island 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
Rhode Island Companies   State 2019 FYE FYE FYE 3 Years 8 Years
Stock Market Caps Above $500 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
CVS Health  Woonsocket  RI Dec 19         8,997         8,637         5,537 1% 7%
Citizens Financial Group  Providence  RI Dec 19         2,251         1,534           (759) 16% NM
Textron  Providence  RI Dec 19            942            876            629 3% 5%
Hasbro  Pawtucket  RI Dec 19            594            692            441 -5% 7%
Washington Trust Bancorp  Westerly  RI Dec 19              88              69              29 9% 17%
United Natural Foods  Providence  RI July 19           (435)            208              77 -103% 21%
 
Total all 6 Rhode Island Cos         12,437       12,016         5,954 1% 13%