From a review of SEC filings, I found 15 Georgia Basic Manufacturing Cos with stock market caps of more than $1 Bil recently which had December or January fiscal years ended (FYEs).
These 15 Georgia Manufacturing Cos, where many of the good-paying jobs are, Posted Audited US GAAP Pretax Income From Continuing Operations in FYE 2017 which declined by 11.3% from that in FYE 2016.
My Focus is on Pretax Income Rather Than on After-Tax Net Income Because Income Taxes are Simply a Transfer of Financial Wealth Between US Corporations and US Federal, US State and Foreign Governments. It Has Nothing Whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended 2017 and 2016 for these 15 Georgia Manufacturing Companies.
` | Trump | Obama | |||
First | Last | ||||
Year | Year | ||||
2017 | 2016 | ||||
Audited | Audited | ||||
Pretax | Pretax | ||||
Income | Income | ||||
(Loss) | (Loss) | ||||
Georgia Basic Manufacturing Companies | From | From | |||
Stock Market Caps Above $1 Bil | City | State | 2017 | Continuing | Continuing |
With December and January Year Ends | HQs | HQs | FYE | Operations | Operations |
$ mils | $ mils | ||||
Coca-Cola | Atlanta | GA | Dec 17 | 6,742 | 8,136 |
Mohawk Industries | Calhoun | GA | Dec 17 | 1,318 | 1,241 |
NCR | Atlanta | GA | Dec 17 | 482 | 379 |
Carters Inc | Atlanta | GA | Dec 17 | 391 | 396 |
AGCO Corp | Duluth | GA | Dec 17 | 323 | 252 |
Graphic Packaging | Atlanta | GA | Dec 17 | 255 | 321 |
Flowers Foods | Thomasville | GA | Dec 17 | 149 | 250 |
Schweitzer-Mauduit Intl | Alpharetta | GA | Dec 17 | 104 | 98 |
Interface | Atlanta | GA | Dec 17 | 101 | 79 |
Neenah | Alpharetta | GA | Dec 17 | 92 | 103 |
Oxford Industries | Atlanta | GA | Jan 18 | 83 | 86 |
ARRIS Intl plc | Suwanee | GA | Dec 17 | 21 | 24 |
Chart Industries | Ball Ground | GA | Dec 17 | 14 | 38 |
National Vision Holdings | Duluth | GA | Dec 17 | 7 | 27 |
Halyard Health | Alpharetta | GA | Dec 17 | (72) | (139) |
Total all 15 Georgia Manufacturing Companies | 10,010 | 11,291 | |||
Trump's First Year 2017 | |||||
………. Pretax Income % Decrease 2017 vs 2016 | -11.3% |