St. Joe Q3 net income surges 94% to $15.2M; revenue +28% to $53.9M; backlog record

ST JOE Co

2021-Q3 EPS reported $0.72 revenue$167,540,000

Net income $15.2M ($0.26 EPS) vs $7.8M ($0.13) in Q3 2020; revenue $53.9M, up 28%.
Record residential homesites under contract: 1,661 with $160.7M expected revenue.
Dividend declared $0.08/share, payable Dec 10 to holders of record Nov 12.
Capital expenditures $56.5M in Q3; $140.6M YTD; cash, cash equivalents & investments $130.6M.
Leasing revenue up 44% to $7.1M; hospitality revenue up 31% to $22.3M.

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