Saturday, September 5, 2020

Alabama Companies Total Pretax Earnings Decline Sharply By 79% in the Second Quarter of 2020, Even Worse Than Their 53% Decline in the First Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 13 Alabama Companies with stock market caps of above $100 mil in mid-June 2020.  Of these 13 Companies, 12 of them had June 2020 quarters and one had a July 2020 quarter.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 13 fine Alabama Companies.
US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Second Second First First
Quarter Quarter Quarter Quarter
Alabama Largest Companies 2020 2019 2020 2019
Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
Vulcan Materials Birmingham                272                246                  72                  75
Medical Properties Trust Birmingham                114                  80                  85                  74
Encompass Health Birmingham                  60                135                136                157
Hibbett Sports Birmingham                  56                (12)                (22)                  37
ServisFirst Bancshares Birmingham                  51                  45                  43                  44
Construction Partners Dothan                  20                  22                    2                    5
River Financial Prattville                    5                    3                    5                    3
Computer Programs & Systems Mobile                    2                    2                    5                    4
ADTRAN Inc Huntsville                    2                    3                (14)                    1
Auburn National Bancorp Auburn                    2                    3                    2                    3
Warrior Met Coal Brookwood                (14)                159                  25                138
ProAssurance Birmingham                (57)                  11                (34)                  39
Regions Financial Birmingham              (261)                483                204                499
Total all 13 Alabama Companies                252             1,180                509             1,079
% Change From Prior Year Quarter -79% -53%



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