Patriot Transportation Holding (PATI) Reports Q4 EPS of $0.46

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Patriot Transportation Holding, Inc. Announces Results for the First Quarter of Fiscal 2016

January 27, 2016 9:03 AM EST

JACKSONVILLE, Fla., Jan. 27, 2016 (GLOBE NEWSWIRE) --

First Quarter Operating Results.

Patriot Transportation Holding, Inc. (NASDAQ: PATI) reported net income of $1,508,000 or $.46 per share (which included $1,029,000, or $0.31 per share, of net income from the settlement of a claim in connection with the 2010 Deepwater Horizon event) compared to net income of $1,102,000 or $.34 per share in the same quarter last year.  

Total revenues were $29,371,000, down $2,346,000 over the same quarter last year due to lower fuel surcharges of $3,063,000 as the price of diesel fuel was significantly... More