Friday, October 30, 2020

Ohio Companies Performed Much Better on the Annual Audited Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office 2009-2016 (Simple Average Annual Growth of 13.5% Per Year) Than They Did During Trump/Pence's First Three Years in Office 2017-2019 (Simple Average Annual Growth of 2.4% Per Year)

From a review of SEC filings and Google Finance, there were 56 Ohio Companies with stock market caps of above $1 bil in mid-July 2020 and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Fiscal Years from 2008-2019).  I included Companies which have been headquartered in Ohio for at least 6 of these 12 years.  I excluded one Company which had a separation and thus its earnings numbers were not comparable among all years.   


The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 56 excellent Ohio Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.