South Carolina Companies Earnings Completely Down the Tubes in 2017, Down 88% in Trump's First Year in Office. In 2016, Obama's Last Year in Office, These Same South Carolina Companies Posted Earnings Which Increased By 36% ......................................................................................

From a review of US SEC filings, there were 9 Companies headquartered in South Carolina with stock market caps of more than $1 bil recently.

These 9 South Carolina Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations which declined by 88% in Fiscal Year Ended (FYE) 2017 from their similar Total Pretax Income in FYE 2016. 

This 88% Earnings Decline in 2017 was a substantial earnings growth reversal.

In 2016 in Obama’s last year in office, these same 9 South Carolina Cos posted Audited Total Pretax Income From Continuing Operations which increased by 36% in FYE 2016 from their similar Total Pretax Income in FYE 2015.

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.

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 the 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, 2016 and 2015 for the 9 South Carolina Companies with stock market caps above $1 bil recently.

				Trump	Obama
				First	Last	Obama
				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Pretax	Pretax	Pretax
				Income	Income	Income
				(Loss)	(Loss)	(Loss)
				From	From	From
South Carolina Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Sonoco Products	Hartsville	SC	Dec 17	324	453	338
AVX Corp	Fountain Inn	SC	Mar 18	192	175	132
Ingevity	North Charleston	SC	Dec 17	175	87	137
South State	Columbis	SC	Dec 17	169	154	150
Blackbaud	Charleston	SC	Dec 17	54	51	37
Benefitfocus	Charleston	SC	Dec 17	(26)	(40)	(62)
3D Systems Corp	Rock Hill	SC	Dec 17	(58)	(40)	(655)
SCANA Corp	Cayce	SC	Dec 17	(231)	866	1,139
Domtar	Fort Mill	SC	Dec 17	(383)	157	156
Total all 9 South Carolina Companies				216	1,863	1,372
Trump's First Year 2017
… Pretax Income % Decrease 2017 vs 2016				-88%
Obama's Last Year 2016
… Pretax Income % Increase 2016 vs 2015				36%