WESTON — Ultimate Software, the human resources software providers, said Monday that it will host a conference call on Feb, 5 at 5 p.m. to discuss financial results for the fourth quarter and year-end of 2012. The call is open to the public and will be hosted by CEO Scott Scherr ans CFO Mitchell Dauerman. The call will be available for replay at the same Web address at 9:00 p.m. Eastern time on the day of the call
PALM BEACH GARDENS — Telecommunications specialty contractor Dycom Industries Inc. on Monday reported first quarter earnings of $11.9 million, or 36 cents a share, on revenue of $323 million. That compares with a profit of $13 million, or 39 cents a share, on revenue of $320 million for the same period a year ago.
MIAMI — World Fuel Services Corp. reported third quarter profit of $51.5 million, or 72 cents a share, on revenue of $9.9 billion compared to profit of $52.7 million, or 74 cents a share, on revenue of $9.5 billion for the same period a year ago.
LAKELAND — Publix’s reported third quarter profit of $368.4 million, or 47 cents a share, on sales of $6.7 billions compared with profit of $311.9 million, or 40 cents a share on sale of $6.4 billion for the same period a year ago. Comparable-store sales for the third quarter of 2012 increased 2.5 percent.
Effective Nov. 1, Publix’s stock price increased from $22 a share to $22.50. Publix stock is not publicly traded and is made available for sale only to current Publix associates and members of its board of directors. “Although the economy continues to be weak, I’m pleased with the improvement in our operating results and stock price,” Publix CEO Ed Crenshaw said. “I congratulate our associates for continuing to deliver exceptional customer service.”
WESTON — Ultimate Software, a provider of human resources software, reported third quarter profit of $4.7 million, or 16 cents a share, on revenue of $82.6 million. That compares with profit of $1.1 million, or 4 cents a share, on revenue of $67.8 million. “Our third quarter results were consistent with expectations in our three most important goal areas: growth in recurring revenues, customer retention, and growth in our operating margin,” CEO Scott Scherr said.
LAKELAND —Publix Supermarkets reported second quarter profit of $381.6 million, or 49 cents a share, on sales of $6.8 billion, compared with profit of $382.4 million, or 48 cents a share on revenue of $6.6 billion. Publix repriced its shares to $22 from $22.70 per share. Publix stock is not publicly traded and is made available for sale only to Publix employees and members of its board of directors.
“The economy continues to affect our results and stock price,” Publix CEO Ed Crenshaw said. “During these difficult times, our associates remain focused on providing excellent customer service.”
MIAMI — World Fuel Services reported second quarter profit of $54.9 million, or 68 cents a share, on revenue of $9.6 billion, compared with profit of $50.7 million, or 71 cents a share on revenue of $8.7 billion.
“We are pleased with our second quarter performance, which demonstrates the effectiveness of our multi-faceted business model,” World Fuel CEO Michael J. Kasbar said. “We remain optimistic about our ability to deliver on our long-term growth strategy.”
BOCA RATON — First Southern Bank reported a second quarter loss of $6.0 million, compared to a $1.1 million loss in the first quarter. The bank attributed the increased loss primarily to valuation changes in an acquired loan portfolio. First Southern also reported that it had accrued $2.4 million in reserves to reflect real estate taxes on troubled loans where the bank expects that the borrower will not have the ability to pay. First Southern has bought two failed banks, First Commercial Bank of Florida and Haven Trust Bank, since 2010. CEO Lynne Wines said the revisions in the value of the portfolio is typical.
“Our acquired loan portfolios continue to perform as we had anticipated and from a growth perspective we have recently added key executives in each of our markets as we focus on our organic strategic objectives,” Wines said. “We are excited about our market expansion initiatives and continue to focus on growing the core aspects of our franchise.”
FORT LAUDERDALE — Mednax Inc. reported second quarter profit of $60.5 million, or $1.22 a share, on revenue of $449.5 million, compared with profit of $55.9 million, or $1.15 a share, on revenue of $393.4 million. Profit for the quarter exceeded company forecasts.
“We are especially pleased with our results for the quarter, including the same unit growth of nearly 4 percent that contributed to our 2012 second quarter results exceeding our guidance,” Mednax CEO Roger J. Medel said.
For the third quarter, Mednax expects earnings e in a range of $1.25 to $1.30 per share. Mednax manages physician practices in a variety of medical practices, including pediatrics and anesthesia.
MIAMI — Ryder System on Tuesday reported second quarter profit and revenue that exceeded both forecasts and year-ago numbers. Profit totaled $46.7 million, or 91 cents a share, on revenue of $1.6 billion, up from profit of $40 million, or 77 cents a share, on revenue of $1.5 billion for the second quarter of 2011.
Ryder cited better than anticipated retail and wholesale pricing on used vehicle sales, lower maintenance costs resulting from ongoing operational initiatives, as well as lower discretionary overhead spending.
“In the second quarter, Ryder continued to deliver solid year-over-year increases including 9 percent higher earnings and 6 percent growth in revenue, despite an uneven and challenging demand environment,” Ryder CEO Greg Swienton said. “We have taken actions and made a number of timely adjustments that not only contributed to our results in the second quarter, but will better position our business going forward.”
Ryder is increasing its full-year earnings per share forecast to $3.75 to $3.90 from the previous range of $3.65 to $3.85. Third quarter earnings are expected to be in the range of $1.15 to $1.22 per share, up from $1.09 per share in the third quarter of 2011.
STUART— Seacoast Banking Corp., holding company of Seacoast National Bank, will release second quarter results on July 26, 2012, after the market closes. Seacoast will host a conference call on July 27 at 9 a.m. Investors may listen by dialing (888) 517-2458 (passcode: 7659998; host: Dennis S. Hudson). The conference will be available through Seacoast's website.
MIAMI — Watsco Inc. will report second quarter earnings before the market opens on July 25 and host a conference call to discuss the results at 10 a.m. The conference call will be web-cast by CCBN's StreetEvents and can be found under the link highlighted on the Watsco website. A replay of the conference call will be available on the website.
FORT LAUDERDALE — Mednax will release its second quarter earnings report on July 31, the company has announced. Earnings will be released before the stock market opens, followed by an investor conference call and webcast at 10 a.m. to discuss results for the three months and six months ended June 30. The investor conference call will be webcast and may be accessed at Mednax’s website.
WELLINGTON — BE Aerospace will report financial results for the second quarter before the opening of the trading on July 24, and will hold a conference call to discuss the results at 9 a.m. A live audio broadcast of the conference call, along with a supplemental presentation, will be available on the investor relations page of the company’s website. BE is a member of the Palm Beach Business.com South Florida Portfolio.
MIAMI — World Fuel Services Corp. on Tuesday reported first quarter profit of $46.4 million or 65 cents a share compared to $41.1 million or 58 cents a share in the first quarter of 2011. The company sells aviation and marine fuels.
“We continue to serve an important role in worldwide commerce to provide value, convenience and confidence between users and providers of energy products and services,” CEO Michael J. Kasbar said. “By delivering on our strategy, we continue to validate our growing importance to the energy and transportation marketplaces.”
LAKELAND — Publix Supermarkets reported first quarter profit of $409.4 million on sales of $7.1 billion, compared with profit of $398.2 million on sales of $6.8 billion for the same period a year ago. Comparable-store sales for the first quarter of 2012 increased 3.3 percent.
Effective May 1, Publix’s per share price increased from $22.70 per share to $22.40. Publix stock is not publicly traded and is sold only to current Publix associates and members of its board of directors.
“I’m pleased we had another increase in our stock price during a time of economic challenges,” Publix CEO Ed Crenshaw said. “Our associates deserve the credit for continuing to make us a leader in our industry.”
MIAMI LAKES — BankUnited reported first quarter profit of $50.3 million, or 49 cents a share, compared with a loss of $67.7 million, or 72 cents a share, for the same period a year ago. The 2011 results include a one-time charge of $110.4 million from the bank’s initial public offering, while the 2012 numbers include a $1.2 million charge related to the deal for Herald National Bank.
“We are very pleased with our operating results this quarter,” CEO John Kanas said. “Loan and deposit growth continue to reflect strong gains in market share. Additionally a noticeable improvement in the south Florida economy is beginning to have a positive impact on our performance.”
Loans grew by $572.2 million to $4.7 billion during the quarter, much of the growth coming from the Herald deal. Similarly deposits grew by $720.8 million to $8.1 billion, including those acquired through the Herald.
