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Stock impact report

Companies that mention hurricane damage in their 10-Ks see their stocks fall 5% in the following year [Fortune]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Fortune
Good morning, After striking Cuba on Tuesday with winds up to 125 miles per hour, Hurricane Ian is now a Category 4 storm as it approaches Florida’s west coast. Hurricane damage can be devastating and costly. But when it comes to corporations, research also links hurricane damage to a loss in market value. Companies that reported hurricane-related financial damage to the U.S. Securities and Exchange Commission in their 10-K annual statements on average see their stocks fall 5% over and above the market in the following year, Dr. Deborah Pretty, founder of the risk analytics advisory firm Pentland Analytics, told me. This is based on research conducted by Pretty, on behalf of FM Global, and released in 2019, which Fortune reported on. Do the research findings still hold true? “Yes, I believe we are seeing an enduring change in the way markets react to companies experiencing climate-related loss and damage,” Pretty told me. “The research results were consistent across a large portfol Show less Read more
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