Ft. Lauderdale, FL -(PRNewswire)- Patriot National, Inc. (NYSE: PN), a national provider of outsourcing solutions to the workers’ compensation insurance industry recently announced certain unaudited preliminary financial results for its fourth quarter ended December 31, 2014.
Patriot National expects to report revenue in the range of $39.0 million to $40.0 million and reference premiums of approximately $82.0 million for the fourth quarter ended December 31, 2014. The company anticipates that net income and adjusted EBITDA will exceed analysts’ expectations for the fourth quarter 2014.
“We expect to finish the year on a high note, getting even more traction than we forecast,” said Steven Mariano, Patriot National’s Chief Executive Officer. “I am extremely pleased with our team’s efforts. Our better-than-expected results in the fourth quarter are evidence that the strong value proposition we deliver to our clients is gaining recognition and momentum in the workers’ compensation industry.”
The information presented above is preliminary and based on currently available information. The company’s independent public accounting firm has not audited, reviewed or performed any procedures on this preliminary information.
Patriot National will provide more details on its fourth quarter and full year 2014 results, as well as its outlook for fiscal year 2015, in its earnings announcement on March 16, 2015 and conference call on March 17, 2015.
Source: PRNewswire