Saturday, October 6, 2018

Georgia Basic Manufacturing Companies Pretax Earnings Declined By 11.3% in 2017, Trump’s First Year in Office ....................................................................................

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%