Thursday, August 27, 2020

Tennessee Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up an Average of an Off-the-Charts 67% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ... Down an Average 1% Per Year

From a review of SEC filings and Google Finance, there were 22 Tennessee Companies with stock market caps of above $1 bil in mid-August 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 22 Tennessee 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
  Tennessee Fincl Income Income Income Trump Obama
Tennessee Companies City State Sts (Loss) (Loss) (Loss) Admin's Admin's
Stock Market Caps Above $1 Bil HQs HQs 2019 FYE FYE FYE 3 Years 8 Years
  FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
HCA Healthcare Nashville TN Dec 19         5,244         4,810         1,170 3% 39%
Dollar General Goodlettsville TN Jan 20         2,202         1,966            194 4% 114%
Autozone Memphis TN Aug 19         2,031         1,913         1,007 2% 11%
FedEx Memphis TN May 20         1,669         4,579            677 -21% 72%
International Paper Memphis TN Dec 19         1,604            795        (1,153) 34% NM
Unum Group Chattanooga TN Dec 19         1,382         1,348            824 1% 8%
Eastman Chemical Kingsport TN Dec 19            902         1,049            461 -5% 16%
Tractor Supply Brentwood TN Dec 19            723            688            176 2% 36%
First Horizon National Memphis TN Dec 19            586            345           (329) 23% NM
Pinnacle Financial Partners Nashville TN Dec 19            498            191              43 54% 43%
Mid America Apartment Comm Germantown TN Dec 19            369            226              32 21% 76%
Cracker Barrel Lebanon TN July 19            266            266              94 0% 23%
CoreCivic Nashville TN Dec 19            197            228            234 -5% 0%
Mueller Industries Collierville TN Dec 19            166            146            121 5% 3%
National Health Investors Murfreesboro TN Dec 19            160            153              51 2% 25%
Ryman Hospitality Properties Nashville TN Dec 19            147            163                5 -3% 395%
Acadia Healthcare Franklin TN Dec 19            136              33               (2) 104% NM
Forward Air Corp Greeneville TN Dec 19            116              58              69 33% -2%
Healthcare Realty Trust Nashville TN Dec 19              39              86              15 -18% 59%
Astec Industries Chattanooga TN Dec 19              25              87              98 -24% -1%
Louisiana-Pacific Nashville TN Dec 19             (23)            165           (752) -38% NM
Wright Medical Group NV Memphis TN Dec 19             (79)           (178)             (39) NM NM
Total all 22 Tennessee Cos       18,360       19,117         2,996 -1% 67%