Daily Record Financial News &
Monday, July 27, 2015
Vol. 102, No. 181 • Two Sections
35¢ www.jaxdailyrecord.com
Olympian continues fight for equality
Taking to the skies to sell the Town Center
Hogshead-Makar knows Title IX fight not popular
The art of selling and designing the dream By Karen Brune Mathis, Managing Editor
Carter
When Jacksonville native Paisley Boney IV was selling retailers on the opportunity to lease space on more than 200 undeveloped acres in the middle of Jacksonville, he took to the skies. There, in a helicopter, Boney would show off the many rooftops and road networks in Northeast Florida where shoppers lived that would support the vision he and developer Ben Carter were selling. “Paisley was terrific at that,” recalled Simon Executive Vice President Thomas Schneider. That land became St. Johns Town Center, a regional “main street” and lifestyle center at Butler Boulevard and Interstate 295. It brought in the area’s first and only Nordstrom, Tiffany & Co., Apple store, The Cheesecake Factory and dozens of others exclusive in the market. Simon, a mall developer and owner based in Indianapolis, was a 50-50 partner in the deal with Ben Carter Properties, which included Carter, Boney and other employees and members of the Carter family. “When tenants needed to come down to Jacksonville to take a site tour, you couldn’t have better Town Center
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Special to the Daily Record
By David Chapman Staff Writer Nancy Hogshead-Makar was a champion in the swimming pool, earning three gold medals in the 1984 Olympics. Since then, she’s been a distinguished leader out of the water, as a staunch advocate and promoter for girls’ and women’s equality in sports. In the past seven months, the former champion swimmer at Episcopal School of Jacksonville hasn’t earned gold medals — but she has received international awards she calls just as important to her career. The International Olympic Committee in December Hogshead-Makar bestowed her with a Women and Sport Trophy, given for the promoting of women across a broad spectrum in sports. Several months later, the Society of Health and Physical Educators, better known as SHAPE America, honored her with the 2015 Guiding Woman in Sport Award for her extraordinary service and leadership in the area. And last week, the Pi Beta Phi Fraternity for Women named her its member of distinction, awarded biennially. Her post-sports career has been that of an attorney, graduating from Georgetown University Law Center, before returning to Jacksonville where she practiced at HolAward
Boney
I nside : F irst C oast S uccess P aisley B oney IV, P ages 10 & 11
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Landstar provides a positive surprise Landstar System Inc. generally does a good job of keeping Wall Street up-to-date with its financial projections. Not only does the Jacksonville-based trucking company provide an earnings forecast for every quarter, it also holds a mid-quarter conference call to update investors on its progress. The mid-quarter update is a rarity among public companies. So Landstar very rarely has any surprises when it does report its financial results. However, when the company reported secondquarter earnings last week, it did have a bit of a surprise — in a good way.
Public
Landstar beat analysts’ forecasts with earnings of 92 cents a share, 12 cents higher than the second quarter of 2014. Analysts were projecting earnings of 88 cents to 91 cents, according to Thomson Financial. To be fair, Landstar itself had been projecting earnings of 87 cents to 92 cents, so the final results were in its own range, albeit at the top of the range. Landstar also had another positive surprise in its earnings report, announcing that it was increasing its quarterly dividend by a penny to 8 cents a share. Under new CEO Jim Gattoni,
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who succeeded the retired Henry Gerkens at the beginning of this year, Landstar has made a subtle change in the way it reports its results. The company had traditionally announced earnings in the morning and held its conference call with analysts at 2 p.m. It also held its mid-quarter update calls at 2 p.m. That led one to believe that
there wouldn’t be anything unexpected in the report, since the calls were held in the middle of Wall Street’s trading day. However, starting with the midquarter update in June, Landstar began holding its conference calls after the market closes at 4 p.m., and it didn’t release its secondquarter results until after 4 on Thursday. When the market opened Friday morning, Landstar’s stock jumped as much as $3.67 in the early minutes of trading to $71.99. It closed Friday at $70.49, up $2.17 on the day. In the conference call Thursday,
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Gattoni indicated that the thirdquarter results should be similar to the second quarter. “Currently industry fundamentals remain similar to those experienced in the 2015 second quarter. We continue to have very strong demand for our services. I expect that strength to continue throughout the third quarter,” he said. Landstar is projecting thirdquarter earnings of 87 cents to 92 cents a share, compared with 82 cents in the third quarter of 2014. Analysts had been projecting 86 cents to 93 cents, according to Thomson. Basch continued on Page A-6
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