Patriot Transportation Holding Inc. (PATR, Financial) filed Quarterly Report for the period ended 2010-12-31.
Patriot Transpt has a market cap of $259.5 million; its shares were traded at around $28.02 with a P/E ratio of 37.4 and P/S ratio of 2.3. Patriot Transpt had an annual average earning growth of 5.3% over the past 10 years.Mutual Fund and Other Gurus that owns PATR: Chuck Royce of Royce& Associates.
Fuel surcharges 3,367 15% 2,614 12%
Compensation and benefits 8,454 37% 8,319 38%
Fuel expenses 4,746 20% 3,905 18%
Insurance and losses 1,649 7% 2,265 10%
Depreciation expense 1,506 6% 1,523 7%
Other, net 2,250 10% 2,218 10%
Sales, general & administrative 2,009 9% 1,860 8%
Allocated corporate expenses _____389 2% ___347 2%
The Transportation segment's cost of operations was $21,003,000 in the
first quarter of 2011, an increase of $566,000 over the same quarter
last year. The Transportation segment's cost of operations in the
first quarter of 2011 as a percentage of revenue was 91% compared to
93% in the first quarter of 2010. Compensation and benefits increased
$135,000 or 1.6% compared to the same quarter last year primarily due
to the increase in miles driven. Fuel surcharge revenue increased
$753,000 while fuel cost increased by $841,000 leaving a negative
impact to operating profit of $88,000 due to the increase in miles
driven. Insurance and losses decreased $616,000 compared to the same
quarter last year due to lower health claims. Depreciation expense
decreased $17,000 due to fewer trucks in service and existing trailers
becoming fully depreciated. Other expense increased $32,000 primarily
due to lower gains on equipment sales. Selling general and
administrative costs increased $149,000 or 8.0% compared to the same
quarter last year. Allocated corporate expenses increased $42,000.
Property operating expenses 124 11% 109 11%
Depreciation and depletion 25 2% 23 2%
Management Company indirect 37 4% 43 4%
Allocated corporate expense 153 14% 142 15%
Property operating expenses 1,281 31% 1,343 30%
Depreciation and amortization 1,301 31% 1,277 29%
Management Company indirect 335 8% 383 9%
Allocated corporate expense 229 5% 212 5%
Operating Profit - Consolidated operating profit was $3,188,000 in the
first quarter of fiscal 2011, an increase of $146,000 or 4.8% compared
to $3,042,000 in the same period last year. Operating profit in the
transportation segment increased $344,000 or 20.9% primarily due to
lower health benefit claims. Operating profit in the mining royalty
land segment increased $86,000 or 12.8% due to an increase in mined
tons. Operating profit in the Developed property rentals segment
decreased $186,000 or 15.3% due to higher professional fees and
property taxes. Consolidated operating profit includes corporate
expenses not allocated to any segment in the amount of $587,000 in the
first quarter of fiscal 2011, an increase of $98,000 compared to the
same period last year due to adjustment to the fair value of the
corporate aircraft of $300,000 partially offset by lower stock
compensation and professional fees.
Read the The complete Report
Patriot Transpt has a market cap of $259.5 million; its shares were traded at around $28.02 with a P/E ratio of 37.4 and P/S ratio of 2.3. Patriot Transpt had an annual average earning growth of 5.3% over the past 10 years.Mutual Fund and Other Gurus that owns PATR: Chuck Royce of Royce& Associates.
Highlight of Business Operations:
Transportation revenue $ 19,624 85% 19,467 88%Fuel surcharges 3,367 15% 2,614 12%
Compensation and benefits 8,454 37% 8,319 38%
Fuel expenses 4,746 20% 3,905 18%
Insurance and losses 1,649 7% 2,265 10%
Depreciation expense 1,506 6% 1,523 7%
Other, net 2,250 10% 2,218 10%
Sales, general & administrative 2,009 9% 1,860 8%
Allocated corporate expenses _____389 2% ___347 2%
The Transportation segment's cost of operations was $21,003,000 in the
first quarter of 2011, an increase of $566,000 over the same quarter
last year. The Transportation segment's cost of operations in the
first quarter of 2011 as a percentage of revenue was 91% compared to
93% in the first quarter of 2010. Compensation and benefits increased
$135,000 or 1.6% compared to the same quarter last year primarily due
to the increase in miles driven. Fuel surcharge revenue increased
$753,000 while fuel cost increased by $841,000 leaving a negative
impact to operating profit of $88,000 due to the increase in miles
driven. Insurance and losses decreased $616,000 compared to the same
quarter last year due to lower health claims. Depreciation expense
decreased $17,000 due to fewer trucks in service and existing trailers
becoming fully depreciated. Other expense increased $32,000 primarily
due to lower gains on equipment sales. Selling general and
administrative costs increased $149,000 or 8.0% compared to the same
quarter last year. Allocated corporate expenses increased $42,000.
Property operating expenses 124 11% 109 11%
Depreciation and depletion 25 2% 23 2%
Management Company indirect 37 4% 43 4%
Allocated corporate expense 153 14% 142 15%
Property operating expenses 1,281 31% 1,343 30%
Depreciation and amortization 1,301 31% 1,277 29%
Management Company indirect 335 8% 383 9%
Allocated corporate expense 229 5% 212 5%
Operating Profit - Consolidated operating profit was $3,188,000 in the
first quarter of fiscal 2011, an increase of $146,000 or 4.8% compared
to $3,042,000 in the same period last year. Operating profit in the
transportation segment increased $344,000 or 20.9% primarily due to
lower health benefit claims. Operating profit in the mining royalty
land segment increased $86,000 or 12.8% due to an increase in mined
tons. Operating profit in the Developed property rentals segment
decreased $186,000 or 15.3% due to higher professional fees and
property taxes. Consolidated operating profit includes corporate
expenses not allocated to any segment in the amount of $587,000 in the
first quarter of fiscal 2011, an increase of $98,000 compared to the
same period last year due to adjustment to the fair value of the
corporate aircraft of $300,000 partially offset by lower stock
compensation and professional fees.
Read the The complete Report