Thursday, September 24, 2020

The 91 Largest New York Non-Financial Companies Total Pretax Earnings Dropped Sharply By 50% in the First Half of 2020. The Trump Administration's Reputedly Strong US Economy Hasn't Hit the Very Diverse, Highly Global New York Non-Financial Industry.

From a review of Company SEC filings and the Google Finance website, I found 91 Non-Financial Companies headquartered in the State of New York with stock market caps of above $1 bil in early June 2020 or in a subsequent IPO.  Of these 91 New York Non-Financial Companies, 77 or 85% of them had June 2020 second quarter ends, 9 had July 2020 second quarter ends and 5 had May 2020 second quarter ends.

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 91 excellent New York Non-Financial 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
 New York Non-Financial Companies Quarter Quarter Quarter Quarter
Stock Market Caps Above $1 Bil  City HQs  2020 2019 2020 2019
mils $ mils $ mils $ mils $
Verizon Communications New York       6,187       5,310       5,676       6,788
Pfizer New York       3,953       4,141       3,885       4,323
Philip Morris New York       2,547       3,017       2,108       1,516
PepsiCo Purchase       2,168       2,567       1,711       1,868
Accenture plc New York       1,681       1,704       1,510       1,376
Bristol-Myers Squibb New York       1,627       1,776        (304)       1,979
International Business Machines Armonk       1,571       2,768          (49)       1,883
ViacomCBS New York          937       1,239          657       1,593
Regeneron Pharmaceuticals Tarrytown          919          225          669          546
Colgate Palmolive New York          891          823          895          814
Bunge Ltd White Plains, NY / St Louis, MO          690          272        (248)            88
Royalty Pharma plc New York          602          179          109          396
Sirius XM Holdings New York          317          339          373          243
Thomson Reuters New York          300          392          292          228
Paychex Rochester          292          311          464          426
Consolidated Edison New York          211          198          447          553
Fox Corp New York          200          656          145          706
Altice USA Long Island City          170          128            15          (48)
Madison Square Garden Entertainment New York          134          (66)        (161)          (12)
Ubiquiti New York          113            97          121            99
Atlas Air Worldwide Purchase          112            22            32          (25)
Etsy Inc Brooklyn          112            16            10            31
MSC Industrial Direct Melville          104          106            74            91
Intl Flavors & Fragrances New York          103          169          154          135
Peloton Interactive New York            93          (48)          (56)          (38)
Take-Two Interactive New York            90            62          125            65
ABM Industries New York            80            45            37            18
Foot Locker New York            70            85          (90)          234
Prestige Consumer Healthcare Tarrytown            58            46            51        (179)
National Fuel Gas Williamsville            54            85          (69)          120
Tiffany New York            49          175          (90)          152
Gibraltar Industries Buffalo            36            26            15              8
Xylem Rye Brook            35          156            42            94
New York Times New York            29            35            39            31
AMC Networks New York            27          133          107          197
Balchem New Hampton            26            25            24            25
Shutterstock New York            23              4              6              9
Verint Systems Melville            21              8            (6)              5
Hain Celestial Group Lake Success            20            (8)            15            12
WW International New York            20            70            (7)          (14)
ITT Inc White Plains            18            86          109            91
ANGI Homeservices New York            16              9          (18)            (4)
Omnicom Group New York            15          524          374          383
Minerals Technologies New York            15            32            49            49
ExlService Holdings New York            13            15            28            19
Monro Rochester              4            29            (7)            21
Newmark Group New York              1            41            19            30
Datadog New York              1            (4)              7            (9)
Progny New York            (2)              2              4              3
Schrodinger New York            (4)            (1)          (14)            (6)
Inter Parfums New York            (5)            22            19            34
Phreesia New York            (6)            (7)            (6)            (7)
Macquarie Infrastructure New York          (13)              8            20            88
Henry Schein Melville          (16)          152          169          160
LivePerson New York          (19)          (23)          (37)          (18)
Moog East Aurora          (23)            60            62            54
Steven Madden Ltd Long Island City          (23)            46          (25)            46
Shake Shack New York          (24)            12              1              6
Varonis Systems Inc New York          (24)          (24)          (31)          (22)
Interpublic Group of Cos New York          (25)          217            20              1
Rocket Pharmaceuticals New York          (25)          (19)          (25)          (19)
Yext Inc New York          (25)          (29)          (29)          (19)
Zentalis Pharmaceuticals New York          (27)          (11)          (16)            (9)
Teladoc Health Purchase          (28)          (29)          (30)          (29)
Conmed Utica          (33)              6              3            (2)
PVH Corp New York          (34)          223     (1,240)          105
Y-mAbs Therapeutics New York          (40)          (18)          (26)          (16)
Athenex Buffalo          (41)          (32)          (17)          (36)
Scholastic Corp New York          (47)            32          (60)          (21)
Madison Square Garden Sports New York          (47)          (57)        (152)            45
Corning Inc Corning          (49)          216        (108)          575
TG Therapeutics New York          (53)          (36)          (51)          (35)
Intercept Pharmaceuticals New York          (63)          (71)          (93)          (90)
Vroom New York          (63)          (33)          (41)          (27)
Nielsen Holdings New York          (64)          149            (2)            79
Intra-Cellular Therapies New York          (64)          (37)          (47)          (35)
MongoDB New York          (64)          (41)          (54)          (33)
Constellation Brands Victor          (68)        (423)          489       1,530
Avon Products Suffern          (82)            21        (158)            (5)
IAC/Interactive New York        (130)            17        (372)          (43)
New Fortress Energy New York        (166)          (51)          (60)          (60)
Ralph Lauren New York        (173)          147        (287)            35
Capri Holdings Ltd New York        (175)            51        (540)            22
Hess Corp New York        (272)          166     (2,445)          169
Tapestry New York        (301)          159        (705)            95
News Corp New York        (401)          (28)     (1,046)            30
JetBlue Airways Long Island City        (450)          236        (354)            58
Warner Music Group New York        (468)              2          (86)          115
Estee Lauder New York        (605)          199            80          727
Macy's New York, NY / Cincinnati, OH         (729)          116     (4,157)          163
Coty Inc New York        (962)     (2,807)        (333)            (4)
Total all 91 New York Non-Financial Cos      20,822     26,502       7,509     30,520
… % Change From Prior Year Quarter -21% -75%
Total Pretax Income (Losses)
….. First Half of 2020     28,331
….. First Half of 2019     57,022
………. % Decline -50%



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