Saturday, June 6, 2020

Pennsylvania Companies First Quarter 2020 Total Pretax Earnings Declined By a Huge 53% From the First Quarter 2019. These Very Weak Earnings Are Not a Good Signal For Continuing Solid Real Fair Pay Job Growth in Pennsylvania.

From a review of Company SEC filings and the Google Finance website, I found 78 Pennsylvania Companies with stock market caps above $1 bil recently.  One of them hasn't released its April 2020 quarterly earnings yet.  That leaves 77 Companies.

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 the 77 fine Pennsylvania Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
 Pennsylvania Companies Quarter Quarter %
Stock Market Caps Above $1 Bil  City HQs  2020 2019  Change
mils $ mils $
Comcast Corp Philadelphia             2,924             4,708
PNC Financial Services Pittsburgh             1,060             1,519
PPL Corp Allentown                694                592
Air Products & Chemicals Allentown                653                541
Kraft-Heinz Pittsburgh                541                621
Chubb Philadelphia                467             1,228
Ametek Berwyn                351                257
Hershey Hershey                335                396
PPG Industries Pittsburgh                319                419
UGI Corp King of Prussia                299                487
Howmet Aerospace Pittsburgh                291                257
AmerisourceBergen Chesterbrook                276                  19
EQT Midstream Partners LP Canonsburg                255                252
FMC Corp Philadelphia                248                244
Alcoa Pittsburgh                219                  92
Equitrans Midstream Corp Canonsburg                209                232
Radian Group Philadelphia                181                216
Essent Group Ltd Radnor                177                150
Crown Holdings Yardley                151                178
Westinghouse Air Brake Tech Pittsburgh                149                  15
Teleflex Wayne                142                  53
SEI Investments Oaks                139                146
Gaming & Leisure Properties Wyomissing                  97                  94
EPAM Systems Newtown                  96                  64
Select Medical Holdings Mechanicsburg                  92                  72
Arconic Pittsburgh                  91                  66
West Pharmaceutical Services Exton                  87                  70
Federated Hermes Pittsburgh                  86                  73
Erie Indemnity Co Erie                  76                  96
Toll Brothers Horsham                  66                151
Avantor Radnor                  65                    4
F N B Corp Pittsburgh                  58                116
MSA Safety Cranberry Township                  57                  32
Carpenter Technology Philadelphia                  50                  68
Essential Utilities  Bryn Mawr                  45                    9
WESCO INTL Pittsburgh                  44                  54
Ollie's Bargain Outlet Harrisburg                  43                  41
II-VI Inc Saxonburg                  41                  25
CubeSmart Malvern                  38                  36
Vishay Intertechnology Malvern                  36                100
Weis Markets Sunbury                  36                  19
Madrigal Pharmaceuticals West Conshocken                  36                  15
Lincoln National Radnor                  34                268
Allegheny Technologies Pittsburgh                  34                  17
Ansys Canonsburg                  33                  99
Globus Medical Audubon                  32                  42
Kennametal Pittsburgh                  32                  79
Mylan NV Canonsburg                  31              (115)
Fulton Financial Lancaster                  29                  67
Axalta Coating Systems Ltd Philadelphia                  28                  58
Dorman Products Colmar                  28                  30
Healthcare Services Group Bensalem                  27                  12
Hamilton Lane Bala Cynwyd                  25                  41
S&T Bancorp Indiana                  16                  27
Kulicke and Soffa Industries Fort Washington                  13                    1
BioTelemetry Malvern                  12                  10
Northwest Bancshares Warren                    9                  32
Brandywine Realty Trust Philadelphia                    8                    5
Evoqua Water Technologies Pittsburgh                    8                  (3)
EnerSys Reading                    7                  24
PQ Group Holdings Malvern                    2                    6
Livent Corp Philadelphia                  (2)                  21
Harsco Camp Hill                  (8)                  14
BrightView Holdings Blue Bell                (27)                  (5)
Quaker Chemical Conshohocken                (42)                  18
Dentsply Sirona York              (130)                  54
EQT Corp Pittsburgh              (134)                229
Aramark Philadelphia              (197)                  39
Urban Outfitters Philadelphia              (199)                  43
Dick's Sporting Goods Coraopolis              (208)                  80
Armstrong World Industries Lancaster              (300)                  50
American Eagle Outfitters Pittsburgh              (361)                  52
TE Connectivitity Ltd Berwyn              (410)                520
United States Steel Pittsburgh              (410)                  62
CNX Resources Canonsburg              (458)                (76)
FS KKR Capital Corp Philadelphia              (703)                101
Penn National Gaming Wyomissing              (708)                  56
Total all 77 Pennsylvania Cos             7,431           15,785 -53%