• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • WCW HOME
  • Submit a Wire!
  • Advertising
  • Media Partners
  • About
  • Contact Us

WorkCompWire

Your Trusted Source for Workers Compensation News

Enlyte
  • Workers Compensation News
    • Workers Compensation Industry News
    • Association, Rating & Research News
    • Claims, Legal, & Compliance News
    • Legislative & Regulatory News
    • Risk Management News
    • Work Force & Human Resource News
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • People On The Move

Patriot Risk Services Reports Record First Quarter Financial Results

April 17, 2011 - WorkCompWire

FORT LAUDERDALE, Fla. /PRNewswire/ — Patriot Risk Services, Inc. announced today financial results for its fiscal 2011 first quarter ended March 31, 2011. The Company posted record revenue of $9.2 million and record pretax quarterly income of $5.3 million. These results compare to revenue of $5.5 million and net pretax quarterly income of $2.8 million in the first quarter of 2010. Gross margin was 57.6% percent compared to 49.8% in the first quarter of 2010.

“We had a phenomenal first quarter with revenue growing 66% and pretax income growing 92% over the same quarter in 2010,” said Steven M. Mariano, Patriot’s Chairman. “I am particularly pleased that Patriot Risk Services achieved record quarterly results while improving gross margin by more than seven percentage points.”

“We couldn’t be happier with the performance of our business, ” said Timothy Ermatinger, Patriot Risk Services’ Chief Executive Officer. “Both our cost containment and nurse case management units set record highs as we continue to scale our business model.”

Source: PRNewswire

Filed Under: Claims, Legal, & Compliance News, Top Stories - Recent, Workers' Compensation

Primary Sidebar

Get Our Free Newsletter:

Select list(s) to subscribe to


By submitting this form, you are consenting to receive marketing emails from: WorkCompWire.com, PO Box 1114, Culver City, CA, 90232, http://www.workcompwire.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

myMatrixx

Paradigm

One Call

Triton

Follow Us on Twitter

Tweets by WorkCompWire

Workers Compensation News Topics

  • Top Stories
  • Featured Articles
  • Leaders Speak
  • Editor’s Forum
  • The RxProfessor
  • Industry News
  • Association, Rating & Research News
  • People On The Move
  • Claims, Legal, & Compliance News
  • Legislative & Regulatory News
  • Risk Management News
  • Work Force & Human Resource News
  • Workers’ Compensation

Wire Archives

Copyright WorkCompWire © 2023