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PFB Corporation Q4 EPS $0.17

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Staff writer ▼ | March 9, 2015
PFB Corporation reported its financial results for the fourth quarter and year ended December 31, 2014. Consolidated Q4 net income was $1,116,000, basic earnings per share of $0.17.
PFB Corporation
PFB Corporation   Consolidated Q4 net income was $1,116,000
This compares to consolidated net income of $460,000, basic earnings per share of $0.07 per share, in the comparative three month period of 2013.

Consolidated sales in the fourth quarter of 2014 were $25,013,000, an 18.3% increase of $3,873,000, compared to consolidated sales of $21,140,000 reported in the comparative quarter of 2013.

Consolidated net income was $917,000 for the year ended December 31, 2014, basic earnings per share of $0.14, compared to consolidated net income of $6,832,000, basic earnings per share of $1.02, in the year ended December 31, 2013.

Results for 2013 include an after tax gain in the amount of $5,988,000 from the sale of four properties in Q1 2013. Excluding that transactional effect, current year net income improvement over the comparative period was $844,000 equivalent to earnings per share of $0.13.

Consolidated sales for the year ended December 31, 2014 were $89,905,000, a 6.3% increase of $5,356,000 from $84,549,000 in 2013.


 

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