Sunday, September 27, 2020

The 8 Largest Oregon Companies Total Pretax Earnings Fell Off-the-Cliff, Declining By 136% in the Second Quarter of 2020, Pretty Much Matching Their 138% Decline in the First Quarter of 2020. The Trump Administration's Highly-Touted Strong US Economy Hasn't Hit Oregon.

From a review of Company SEC filings and the Google Finance website, I found 8 Oregon Companies with stock market caps of above $1 bil in mid-June 2020.  Of these 8 Oregon Companies, 7 or 88% of them had June 2020 second quarter ends and 1 had a May 2020 second quarter end.

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 8 excellent Oregon 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
Oregon Largest Companies 2020 2019 2020 2019
Market Caps Above $1 Bil City HQs mils $ mils $ mils $ mils $
Lithia Motors  Medford                 108                  86                  64                  78
FLIR Systems  Wilsonville                   82                  58                  23                  75
Umpqua Holdings  Portland                   59                149           (1,822)                  98
Portland General Electric  Portland                   44                  28                  99                  84
Lattice Semiconductor  Hillsboro                   11                    9                    9                    8
Northwest Natural Gas  Portland                   (7)                    3                  62                  52
Columbia Sportswear  Portland                 (70)                  20                    2                  92
Nike  Beaverton               (804)             1,243                881             1,291
Total all 8 Oregon Companies              (577)             1,596              (682)             1,778
… % Change From Prior Year Quarter -136% -138%