Monday, November 2, 2020

South Carolina Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama/Biden Administration's Eight Years in Office 2009-2016 (Up a Simple Average Annual Growth of a Blistering 48% Per Year) Than They Did During the Trump/Pence Administration's First Three Full Years in Office 2017-2019 (Up a Simple Average Annual Growth of a Modest 0.1% Per Year). These Companies Saw Their Annual Total Audited Pretax Earnings Improve By $1.5 Bil During the Obama/Biden Administration, Going From Total Pretax Losses of $0.4 Bil in 2008 to Total Pretax Earnings of $1.1 Bil in 2016.

From a review of SEC filings and Google Finance, there were 14 South Carolina Companies with stock market caps of above $100 mil in mid-August 2020 that 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 (Years from 2008-2019).  I included Companies which were headquartered in South Carolina for at least 6 of these 12 years. 

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 14 South Carolina Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.