Tuesday, June 16, 2020

Maine Companies 1Q 2020 Total Pretax Earnings Drop By 35% From the 1Q 2019

From a review of Company SEC filings and the Google Finance website, I found 3 Maine Companies with stock market caps above $1 bil recently.  

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 3 Maine Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
  First First (Worse)
    Quarter Quarter %
Maine Largest Companies   2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
Idexx Laboratories  Westbrook                 137                125
WEX Inc  South Portland                 (18)                  22
Covetrus  Portland                 (35)                (18)
Total all Maine Companies                  84                129 -35%