Patriot's Fiscal 1Q Income Slips; Revenue Improves

2/1/2012 3:00:00 PM
Write a Letter to the Editor

Print This

Patriot Transportation Holding said Wednesday its fiscal first-quarter profit fell from a year ago, in part due to a one-time gain in the year-ago period.

Net income declined to $2.1 million, or 23 cents a share, from $6.4 million, or 68 cents, a year ago. The year-ago period included an after-tax gain of almost $5 million.

Revenue for the latest quarter ended Dec. 31 rose to $30.4 million, from $28.3 million.

Operating profit in the transportation segment fell 27.4% to $1.4 million, primarily due to increased health insurance claims, vehicle repairs, tire prices and the cost of growth initiatives.

Transportation revenue rose to $24.8 million, from $23 million.

Patriot operates tank carrier Florida Rock Tank Lines and a real estate business.

Follow Transport Topics on RSS Twitter Facebook

 Print This

© 2012, Transport Topics Publishing Group. All rights reserved.




Patriot’s Fiscal 1Q Income Slips; Revenue Improves (2/1/2012 3:00:00 PM)
Most Carriers Improve 4Q Earnings, Buoyed by Rate Increases, Freight Growth (1/16/2012 4:30:00 AM)
Patriot Transportation’s 4Q Profit Slips (11/30/2011 2:00:00 PM)
Trucking Plays Key Role in Three-Way Teamsters Race (9/12/2011 8:45:00 AM)
Janine Valle Dies at 61; Was Vice President Of Pennsylvania Motor Truck Association (8/29/2011 1:30:00 AM)
Patriot Transportation’s 3Q Profit Declines (8/3/2011 4:00:00 PM)

I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.