secwatch.observer — SEC 8-K summary
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Issuer:     ST JOE Co (JOE)
CIK:        0000745308
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001104659-26-051504
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

St. Joe Q1 revenue up 5% to $99.1M; net income down 21% to $13.9M; dividend $0.16
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- Revenue $99.1M, up 5% YoY; hospitality record $44.7M (+13%); operating income $18.2M (+8%).
- Net income attributable $13.9M ($0.24/share) vs. $17.5M ($0.30) YoY, dragged by lower JV equity income.
- Equity in income from unconsolidated JVs fell to $3.5M from $10.2M, driven by 83 vs. 192 home closings at Latitude Margaritaville Watersound.
- Homesites under contract surged to 3,204 (vs. 952 a year ago); includes PulteGroup contract for up to 2,653 homesites.
- Board declared $0.16/share quarterly dividend payable June 25; quarter saw $5M stock buyback and $10.9M debt repayment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745308/000110465926051504/0001104659-26-051504-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745308/000110465926051504/joe-20260429x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-051504

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