earnings
confidence high
sentiment negative
materiality 0.70
St. Joe Q2 net income falls 30% to $17M; homesite units up 34%
ST JOE Co
2022-Q2 EPS reported
$0.52
revenue$133,121,000
- Net income $17.0M ($0.29/share) vs $24.2M ($0.41) in Q2 2021; revenue $68.2M (-6% YoY).
- Homesite units sold up 34% to 231, but avg price dropped to $83k from $164k due to mix; Watersound Camp Creek delayed to H2.
- Leasing +45% to $9.3M, hospitality +31% to $29.6M, real estate -32% to $28.0M.
- Quarterly dividend of $0.10 declared, payable Sept 9, 2022 to holders of record Aug 12, 2022.
- Backlog of 2,172 homesites and 605 homes under contract, record $460.5M total sales value.