Sunday, June 21, 2020

The 10 Largest Delaware Companies Total Pretax Earnings Collapse to Down 457% in the 1Q 2020 From the 1Q 2019 ...... With These Devastating Delaware Companies Earnings Declines, Delaware Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida, Nevada, Ohio, Kansas, Oklahoma and Hawaii Were.

Since US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser on Tuesday June 23, 2020 at 5:15 PM Eastern time,  I think it might be helpful to research how Delaware Companies have performed recently on the earnings front.

From a review of Company SEC filings and the Google Finance website, I found 10 Delaware Companies with stock market caps of 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 10 Delaware Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Delaware Largest Companies 2020 2019  Change
Market Caps Above $1 Bil City HQs mils $ mils $
SLM Corp Newark                484                214
Corteva  Wilmington                408              (251)
Chemours Co  Wilmington                  77                107
Chesapeake Utilities  Wilmington                  40                  38
WSFS Financial  Wilmington                  12                  19
Interdigital Wireless  Wilmington                    0                  (6)
Navient  Wilmington              (131)                164
DuPont de Nemours  Wilmington              (566)              (165)
Ashland Global Holdings  Wilmington              (585)                  46
Incyte Corp  Wilmington              (704)                104
Total all 10 Delaware Companies              (965)                270 -457%