Wednesday, September 16, 2020

Wisconsin Companies Total Pretax Earnings Declined By 64% in the Second Quarter of 2020, Even Worse Than Their 55% Decline in the First Quarter of 2020

From a review of Company SEC filings and the Google Finance website, I found 58 Wisconsin Companies with stock market caps of above $1 mil in early July 2020.  Of these 58 Wisconsin Companies, 2 of them haven't released their second quarter 2020 earnings yet.  Of the remaining 56 Wisconsin Companies, 49 or 88% of them had June 2020 second quarter ends, 5 had July 2020 second quarter ends and 2 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 58 excellent Wisconsin 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
Wisconsin Companies   Quarter Quarter Quarter Quarter
Stock Market Caps Above $1 Mil City HQs 2020 2019 2020 2019
mils $ mils $ mils $ mils $
1895 Bancorp of Wisconsin Greenfield              0            (0)              0            (1)
A.O. Smith Milwaukee            87          132            68          112
Alliant Energy Madison          129          108          154          143
Artisan Partners Asset Management Milwaukee            88            71            53            59
Associated Bancorp Green Bay          200          104            56          109
Badger Meter Milwaukee            13            15            16            14
Bank First Manitowoc            11              8              9              9
Brady Corp Milwaukee            35            47            22            41
Briggs & Stratton Wauwatosa  NA   NA           (93)              9
Citizens Community Bancorp Eau Claire              4              6              4              1
County Bancorp Manitowoc              4              5            (6)              5
Douglas Dynamics Milwaukee        (121)            34          (13)            (1)
Duluth Holdings Mount Horeb              8              3          (20)          (10)
Enerpac Tool Group Menomonee Falls            (5)            32              5              5
Exact Sciences Madison          (87)          (39)        (107)          (83)
FFBW Inc Brookfield              0              1              1              0
First Business Financial Services Madison              1              6              4              5
Fiserv Brookfield            (8)          291          462          258
Gardner Denver (now named Ingersoll Rand) Milwaukee, WI  /Davidson, NC          (81)            53          (96)            59
Generac Holdings Waukesha            82            81            53            61
Harley Davidson Milwaukee        (118)          256            95          170
Johnson Controls Intl plc Milwaukee        (123)          464          249          321
Johnson Outdoors Racine            16            29            28            30
Kohls Menomonee Falls            40          323        (776)            66
Koss Corp Milwaukee              0            (0)            (0)              0
Lands End Dodgeville              5            (6)          (30)          (12)
Manitowoc Milwaukee          (12)            50            (6)          (23)
ManpowerGroup Milwaukee          (56)          201            17            94
Marcus Corp Milwaukee          (57)            24          (26)              2
Marten Transport Ltd Mondovi            25            20            18            18
Mayville Engineering Mayville          (10)          (19)              1              3
MGE Energy Madison            23            19            31            30
MGIC Investment Corp Milwaukee            16          211          188          191
Modine Manufacturing Racine            (9)            11            (2)            11
National Presto Industries Eau Claire            16            10            11              8
Nicolet Bankshares Green Bay            18            21            14            14
Orion Energy Systems Manitowoc            (2)              4            (0)            (1)
Oshkosh Corp Oshkosh          108          246          107          165
Physicians Realty Trust Milwaukee            18              7            15            11
Plexus Corp Neenah            42            30            14            29
Quad/Graphics Sussex          (19)            (6)          (10)          (20)
Regal Beloit Beloit            38            84            61          108
REV Group Milwaukee            (4)              8          (18)              8
Rexnord Milwaukee            53            63            35            60
Rockwell Automation Milwaukee          335          321          167          402
Schneider National Green Bay            63            46            58            49
Sensient Technologies Milwaukee            39            42            30            44
Snap-On Kenosha          137          240          142          182
Sonic Foundry Madison            (0)            (0)              0            (1)
Spectrum Brands Holdings Middleton          191            20          (78)          (77)
Strattec Security Corp Milwaukee          (16)              1              6              4
TEB Bancorp Wauwatosa  NA   NA               0            (0)
Telkonet Waukesha            (1)            (1)            (1)            (1)
Trident Brands Brookfield          (10)            (4)            (4)            (3)
Twin Disc Racine            (2)            (1)          (28)              6
Waterstone Financial Wauwatosa            28            13              8              9
WEC Energy Group Milwaukee          296          251          543          485
Weyco Group Glendale          (13)              2              2              5
Total all 58 Wisconsin Companies       1,416       3,938       1,433       3,182
… % Change From Prior Year Quarter -64% -55%