Wednesday, September 9, 2020

Kansas Companies Were in a Severe Earnings Economic Depression in the First Half of 2020 ..... The 17 Largest Kansas Companies Total Pretax Earnings Declined By 147% in the Second Quarter of 2020 and Declined By An Even Much Higher 407% in the First Quarter of 2020 ..... Total Pretax Losses Were $2.6 Bil in the First Half of 2020 vs Total Pretax Earnings of $1.7 Bil in the First Half of 2019

From a review of Company SEC filings and the Google Finance website, I found 17 Kansas Companies with stock market caps of above $100 mil in mid-June 2020.  All 17 Kansas Companies had June 2020 second quarter ends.  One of them hasn't released its second quarter 2020 earnings yet.

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 17 fine Kansas 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
Kansas Largest Companies   2020 2019 2020 2019
Stock Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
AMC Entertainment Holdings  Leawood         (567)            55     (2,108)        (125)
Capitol Federal Financial  Topeka             25            29              5            31
Compass Minerals Intl  Overland Park               3          (16)            39            13
Crossfirst Bankshares  Leawood             (8)            12              4            10
CURO Group Holdings  Wichita             22            25            38            38
Equity Bancshares  Wichita               2            12              2            (5)
Euronet Worldwide  Leawood         (107)            99              4            51
Evergy Inc  Topeka, KS / Kansas City, MO           168          167            80          111
Garmin Ltd  Olathe           198          276          178          166
Landmark Bancorp  Manhattan               6              3              4              3
MGP Ingredients  Atchison             11            11            13              8
NIC Inc  Olathe             18            18            16            16
QTS Realty Services  Overland Park             10              8              8            21
Seaboard  Shawnee Mission           116            69        (174)            65
SelectQuote  Overland Park   NA   NA             31            29
Spirit AeroSystems  Wichita         (422)          211        (249)          203
Waddell & Reed Financial  Overland Park             37            49            30            43
Total all 17 Kansas Companies        (488)       1,028     (2,079)          678
… % Change From Prior Year Quarter -147% -407%
Total Pretax Income (Losses)
….. First Half of 2020     (2,567)
….. First Half of 2019       1,706
………. % Decline -250%