Jacksonville corporate earnings show mixed bag for 2011


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Jacksonville’s public companies produced a mixed bag of results in the past fiscal year, with a little more than half showing improved earnings but a little less than half producing positive returns to shareholders.

Fourteen of the 22 companies headquartered in Jacksonville increased their revenue, according to their annual reports filed with the Securities and Exchange Commission.

By the end of last week, all 22 companies had reported their year-end results.

The data presented in these tables is for fiscal 2011 for each of the companies, which don’t always match up with the calendar year.

For example, PSS World Medical Inc.’s fiscal year actually ended on April 1, 2011, so its data is a year old.

Winn-Dixie Stores Inc.’s fiscal year ended on June 29.

Winn-Dixie won’t be filing an annual report for 2012 because it has become private after its merger with Bi-Lo LLC.

Trailer Bridge Inc. also won’t be filing because its stock is now closely held after its recent Chapter 11 bankruptcy reorganization. In fact, Trailer Bridge never filed its annual report for 2011, so its year-end earnings and revenue data are not available.

EverBank Financial Corp. is not yet publicly trading, so there is no shareholder return data for the banking firm. But because EverBank has reported its financial results as part of its filings for an initial public offering, the earnings and revenue data are included in the charts.

The earnings chart ranks the companies by their adjusted earnings per share for fiscal 2011, which is the figure securities analysts use to evaluate companies.

For companies followed by analysts, the data in the charts comes from Thomson Financial, which publishes the adjusted data.

For the smaller companies, the data comes from their annual reports. That includes International Baler Corp., which recorded the biggest increase in earnings, from 5 cents a share in fiscal 2010 to 13 cents last year.

Overall, 12 of the 22 companies increased earnings last year, four had drops in earnings and five had net losses. Patriot Transportation Holding Inc.’s earnings were about unchanged from last year.

The revenue data ranks the companies by total revenue, to show which are the biggest.

CSX Corp. continues to be the biggest public company based in Jacksonville with $11.7 billion in 2011 revenue and Winn-Dixie was second with $6.9 billion. Although it’s now private, the merged company Bi-Lo Holdings LLC will be even bigger at the end of fiscal 2012.

The shareholder return chart measures the companies’ increase or decrease in stock price plus cash dividends paid out in their last fiscal years, and also shows their ratio of stock price to earnings per share at the end of the fiscal year.

International Baler and ParkerVision Inc. had the biggest returns but both have very low stock prices.

International Baler’s stock rose from 61 cents to $1.25 during the fiscal year, and ParkerVision rose from 46 cents to 86 cents.

Ten of the 22 companies produced positive shareholder returns last year.

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Earnings

Companies ranked by earnings per share growth in the last fiscal year

Name2011 EPS from 2010Change
International Baler$0.13160%
Web.com Group$1.0552%
Body Central$1.2451%
Rayonier$2.1041%
RailAmerica$0.9036%
Landstar System$2.3831%
CSX$1.6724%
Fidelity National Information$2.2712%
Interline Brands$1.138%
PSS World Medical$1.326%
Fidelity National Financial$1.663%
Patriot Transportation$0.750%
Fortegra Financial$0.80-15%
Lender Processing Services$2.68-23%
Stein Mart$0.46-54%
EverBank Financial$0.54-72%
Regency Centers$0.35NM
Global Axcess -$0.08NM
ParkerVision -$0.24NM
Winn-Dixie Stores -$0.54NM
Jacksonville Bancorp -$4.09NM
Atlantic Coast Financial -$5.51NM

NM – not measurable

Returns

Companies ranked by their returns to shareholders (increase or decrease in stock price plus dividends) in the last fiscal year. Price-to-earnings is the ratio of a company’s share price compared to its per-share earnings.

Shareholder returnPrice to earnings
International Baler105%9.62
ParkerVision87% -3.58
Body Central75%20.13
Web.com Group36%10.90
Rayonier32%21.25
Fidelity National Financial20%9.60
Landstar System18% 20.13
PSS World Medical15% 20.58
RailAmerica15% 16.54
Global Axcess7%-7.50
CSX0%12.61
Fidelity National Information -2%11.71
Regency Centers -7%107.49
Stein Mart -7% 15.98
Winn-Dixie Stores -12%-15.74
Patriot Transportation -14% 26.95
Interline Brands -32% 13.78
Fortegra Financial -40% 8.35
Lender Processing Services -48% 5.62
Jacksonville Bancorp -57%-0.77
Atlantic Coast Financial -68%-0.52
Trailer Bridge -97% NM

NM – not measurable

Revenues

Companies ranked by revenue in the last fiscal year

2011 revenue in thousandsChange from 2010
CSX$11,743,000 10%
Winn-Dixie Stores$6,880,776-1%
Fidelity National Information$5,745,700 9%
Fidelity National Financial$4,839,600-11%
Landstar System$2,649,082 10%
Lender Processing Services$2,090,112-12%
PSS World Medical$2,034,789-1%
Rayonier$1,488,642 13%
Interline Brands$1,249,484 15%
Stein Mart$1,160,367 -2%
EverBank Financial$821,323-15%
RailAmerica$551,123 12%
Regency Centers$500,417 5%
Body Central$296,500 22%
Fortegra Financial$225,325 10%
Web.com Group$199,205 66%
Patriot Transportation$120,106 8%
Atlantic Coast Financial$49,543-7%
Jacksonville Bancorp$32,275 28%
Global Axcess$31,941 40%
International Baler$11,050 45%
ParkerVision$0-100%

 

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