Monday, June 22, 2020

The Giant CVS Health Pretax Earnings Were Up 43% in the 1Q 2020 While All 13 Other Rhode Island Cos Total Earnings Were Down By 116% ..... US Capitalism Isn't Working Properly

From a review of Company SEC filings, I found 14 Rhode Island Companies which filed their 1Q 2020 financial statements with the SEC.

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 14 Rhode Island Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Rhode Island Companies 2020 2019  Change
Filing Their 1Q 2020 Financial Statements With SEC City HQs mils $ mils $
CVS Health  Woonsocket              2,779             1,939 43%
Textron  Providence                   69                212
Citizens Financial Group  Providence                   45                566
United Natural Foods  Providence                   38                  25
Washington Trust Bancorp  Westerly                   15                  22
Capital Properties  Providence                     1                    1
AstroNova  West Warwick                     0                    2
Summer Infant  Woonsocket                   (1)                  (1)
Procaccianti Hotel REIT  Cranston                   (2)                  (1)
KVH Industries  Middletown                   (6)                  (7)
Pangaea Logistics Solutions Ltd  Newport                   (7)                    4
Twin River Worldwide Holdings  Lincoln                 (15)                  23
Hasbro  Pawtucket                 (72)                  30
Intl Game Technology plc  Providence/London               (231)                133
Total 13 Rhode Island Cos … No CVS Health              (166)             1,009 -116%
Total all 14 Rhode Island Cos             2,613             2,948 -11%

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