Sunday, September 6, 2020

The 46 Largest Arizona Companies Total Pretax Earnings Decline Sharply By 69% in the First Quarter of 2020 and By 47% in the Second Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 46 Arizona Companies with stock market caps of above $100 mil in mid-July 2020.  All 46 Arizona Companies had their second quarter of 2020 ending in the month of June 2020.

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 46 fine Arizona 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
Arizona Companies   Quarter Quarter Quarter Quarter
Stock Market Caps Above $100 Mil City HQs 2020 2019 2020 2019
mils $ mils $ mils $ mils $
Accelerate Diagnostics Tucson          (19)          (21)          (21)          (22)
Amkor Technology Tempe            69            (3)            69            (1)
Audioeye Tucson            (1)            (2)            (2)            (2)
Avnet Phoenix          (16)          (63)        (158)          126
Axon Enterprises Scottsdale          (12)              1              0              5
Benchmark Electronics Tempe            (4)            12              5            17
Cable One Phoenix            76            46            76            51
Carlisle Cos Scottsdale            97          193            76          101
Carvana Tempe        (107)          (64)        (184)          (83)
Cavco Industries Phoenix            22            27            14            26
Cerberus Cyber Sentinel Scottsdale            (1)            (1)            (1)              0
Everspin Technologies Chandler            (1)            (4)            (2)            (4)
First Solar Tempe            47            (7)              2          (69)
Freeport McMoran Phoenix          217          (94)        (612)          183
Global Water Resources Phoenix            (0)              1              1              1
GoDaddy Scottsdale        (672)          (14)            42              9
Grand Canyon Education Phoenix            62            65            94            85
Healthcare Trust of America Scottsdale            14            17            18            14
Insight Enterprises Tempe            63            67            43            51
Joint Corp Scottsdale              0              0              1              1
Knight-Swift Transportation Phoenix          107          106            90          116
Limelight Networks Scottsdale            (2)            (7)            (5)            (8)
Magellan Health Phoenix            11            13            35              1
Meritage Homes Scottsdale          116            68            86            32
Mesa Air Group Phoenix              5              4              3            17
Microchip Technology Chandler            90            41            46          151
Mobile Mini (Acquired by WillScot) Phoenix             -               -              15            25
Nikola Corporation Phoenix          (87)          (17)          (33)          (30)
NortonLifeLock Tempe            99            92          257            20
ON Semiconductor Phoenix            (0)          126          (22)          152
Pinnacle West Capital Phoenix          240          166            15            25
Republic Services Phoenix          300          329          323          313
Rogers Corp Chandler            21            32            17            33
Sprouts Farmers Market Phoenix            89            46          123            75
STORE Capital Corp Scottsdale            41            68            63            46
Taylor Morrison Home Scottsdale            85          110          (29)            68
TPI Composites Scottsdale          (17)              2          (16)          (17)
Universal Electronics Scottsdale            16            (5)              7              0
Universal Technical Institute Scottsdale          (13)            (0)            (1)            (5)
VEREIT Phoenix            55          293            88            72
Verra Mobility Mesa          (19)              5            10              4
Viad Corp Phoenix        (172)            20        (104)          (26)
Western Alliance Bancorp Phoenix          113          148          102          146
WillScot Mobile Mini Holdings Phoenix            13          (13)            (3)          (10)
Wrap Technologies Tempe            (3)            (2)            (2)            (1)
Zovio Chandler              5          (20)          (11)            (7)
Total all 46 Arizona Cos          927       1,761            515       1,681
% Change From Prior Year Quarter -47% -69%