Jacksonville’s public companies struggled to grow earnings last year. As most of the companies filed their annual reports in March, only six of the 16 companies headquartered in Jacksonville reported increases in adjusted earnings per share in fiscal 2013.
Patriot Transportation Holding Inc. recorded the biggest jump, with earnings per share rising 72 percent to $1.60 in the fiscal year that ended on Sept. 30.
However, much of the increase came from property sales. The trucking and real estate company, which is working on a plan to split its two businesses into separate public companies, said its fiscal 2013 earnings of $1.60 a share included 47 cents of after-tax gains from property sales.
Excluding those property sales gains, Patriot’s earnings rose 22 percent.
Two other companies with strong adjusted earnings per share gains were Stein Mart Inc., which rose 35 percent, and Web.com Group Inc., which rose 34 percent.
Stein Mart’s results have been improving because of sales gains at its retail fashion stores. Web.com has been growing with the help of a marketing push that includes sponsorship of the PGA Tour’s second level golf tour, now known as the Web.com Tour.
The adjusted earnings per share reflect earnings excluding one-time gains or losses, which is the metric financial analysts use to evaluate companies.
For Jacksonville-based companies that are covered by Wall Street analysts, the adjusted earnings in the chart are the figures reported by Thomson Financial, which tracks data from analyst reports.
For companies not covered by analysts, the earnings data comes from their annual reports.
Of the companies that didn’t increase earnings last year, five reported drops in earnings and four had net losses.
Meanwhile, Regency Centers Corp. rebounded from a net loss in 2012 to profitability last year.
Most of the Jacksonville companies did grow their revenue in 2013. The biggest gain was a 36 percent increase at Fortegra Financial Corp.
The insurance services company’s growth was due mainly to two acquisitions that closed at the end of 2012 and were included in its 2013 results.
CSX Corp. remains the biggest company in Jacksonville with more than $12 billion in revenue last year.
Earnings
Jacksonville-based public companies based on their adjusted earnings per share growth in 2013
| Company |
EPS
|
Change from 2012
|
| Patriot Transportation |
$1.60
|
72%
|
| Stein Mart |
$0.73
|
35%
|
| Web.com Group |
$2.13
|
34%
|
| Fidelity National Information |
$2.83
|
13%
|
| Rayonier |
$2.41
|
11%
|
| CSX |
$1.83
|
4%
|
| Landstar System |
$2.42
|
-13%
|
| Fidelity National Financial |
$2.17
|
-19%
|
| EverBank Financial |
$1.02
|
-20%
|
| Fortegra Financial |
$0.61
|
-26%
|
| International Baler |
$0.13
|
-43%
|
| Regency Centers |
$1.40
|
NM
|
| ParkerVision |
-$0.31
|
NM
|
| Body Central |
-$1.22
|
NM
|
| Atlantic Coast Financial |
-$3.23
|
NM
|
| Jacksonville Bancorp |
-$6.83
|
NM
|
Revenue
Jacksonville-based public companies, ranked by their fiscal 2013 total revenue (in millions):
| Company |
Revenue
|
Change from 2012 |
| CSX |
$12,026
|
2%
|
|
| Fidelity National Financial |
$8,565
|
20%
|
|
| Fidelity National Information |
$6,071
|
5%
|
|
| Landstar System |
$2,665
|
-4%
|
|
| Rayonier |
$1,708
|
15%
|
|
| Stein Mart |
$1,264
|
3%
|
|
| EverBank Financial |
$1,255
|
22%
|
|
| Web.com Group |
$492
|
21%
|
|
| Regency Centers |
$489
|
3%
|
|
| Fortegra Financial |
$348
|
36%
|
|
| Body Central |
$284
|
-9%
|
|
| Patriot Transportation |
$140
|
10%
|
|
| Atlantic Coast Financial |
$35
|
-19%
|
|
| Jacksonville Bancorp |
$25
|
-11%
|
|
| International Baler |
$16
|
-10%
|
|
| ParkerVision |
$0
|
NM
|
|
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