BBX Capital Q4 net income rises to $15.4M, EPS $0.99; full-year EPS $1.81, down 31%; expects 2023 headwinds

BBX Capital, Inc.

Q4 2022 revenues of $107.6M (+10% YoY); net income $15.4M (vs $5.3M); diluted EPS $0.99 (vs $0.32).
Full-year 2022 revenues $342.0M (+9%); net income $28.0M (vs $46.9M); diluted EPS $1.81 (vs $2.63).
BBX Capital Real Estate income before taxes $75.2M (vs $58.3M) driven by $24.3M gains on asset sales.
BBX Sweet Holdings (IT'SUGAR) revenues up 66% to $139.7M but income before taxes only $0.2M (vs $15.8M).
CEO warns 2023 challenges from inflation, rising rates, supply chain; real estate sales and new starts expected to decline dramatically.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BBX Capital, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $107.6 million, net income $15.4 million, EPS $0.99.

Period: the fourth quarter ended December 31, 2022
Revenue: $107.6 million
Net income: $15.4 million
EPS: $0.99
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Compared to Fourth Quarter 2021 ● Total consolidated revenues of $107.6 million vs. $98.2 million ● Income before income taxes of $22.5 million vs $8.3 million ● Net income attributable to shareholders of $15.4 million vs. $5.3 million ● Diluted earnings per share of $0.99 vs. $0.32

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BBX Capital, Inc. reported the year ended December 31, 2022 results: revenue $342.0 million, net income $28.0 million, EPS $1.81.

Period: the year ended December 31, 2022
Revenue: $342.0 million
Net income: $28.0 million
EPS: $1.81
Result: reported results

Exact text from the filing

Year Ended December 31, 2022 Compared to the Year Ended December 31, 2021 ● Total consolidated revenues of $342.0 million vs. $313.6 million ● Income before income taxes of $42.8 million vs. $64.2 million ● Net income attributable to shareholders of $28.0 million vs. $46.9 million ● Diluted earnings per share of $ 1.81 vs $ 2.63

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BBX Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-006695

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