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Stock impact report

FRP Holdings, Inc. (Nasdaq: FRPH) Announces Results for the Fourth Quarter and Year Ended December 31, 2018

FRP Holdings, Inc. (FRPH) 
US:NASDAQ Investor Relations: frpholdings.com/investor-relations.html
Company Research Source: GlobeNewswire
JACKSONVILLE, Fla., March 07, 2019 (GLOBE NEWSWIRE) -- FRP Holdings, Inc. (NASDAQ-FRPH) Fourth Quarter Consolidated Results of Operations Net income for the fourth quarter of 2018 was $706,000 or $.07 per share versus $13,203,000 or $1.31 per share in the same period last year.  Income from discontinued operations for the fourth quarter of 2018 was $20,000 or $.00 per share versus $6,034,000 or $.60 per share in the same period last year. The fourth quarter of 2017 included a reduction of $12,043,000, or $1.20 per share, in the provision for income taxes resulting from revaluing the Company’s net deferred tax liabilities per the Tax Cuts and Jobs Act of 2017.  This positively impacted net income by the same amount. The fourth quarter of 2018 was impacted by the following items: Interest income is reduced by a $905,000 realized loss on the sale of bonds during the quarter.Corporate expense includes $372,000 for the annual director stock grant and $100,000 for stock option Show less Read more
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