St. Joe Q1 revenue +20% to $87.8M; net income +34% to $13.9M ($0.24 EPS)

ST JOE Co

2024-Q1 EPS reported $0.24 revenue$87,787,000

Revenue $87.8M (+20% YoY); operating income $16.0M (+42%); net income $13.9M (+34%).
Hospitality revenue surged 60% to $39.3M; leasing +21% to $14.3M; residential real estate +10% to $30.8M.
Sold 216 homesites at avg $117k (gross margin 50%) vs 327 at avg $62k in Q1 2023.
Quarterly dividend of $0.12 declared, payable June 13 to holders of record May 15.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ST JOE Co reported the quarter ended March 31, 2024 results: revenue $87.8 million, net income $13.9 million, or $0.24 per share, EPS $0.24 per share.

Period: the quarter ended March 31, 2024
Revenue: $87.8 million
Net income: $13.9 million, or $0.24 per share
EPS: $0.24 per share
Result: reported results

Exact text from the filing

our future is bright, and we have just started to scratch the surface.” Page 2 Consolidated First Quarter 2024 Results Revenue for the first quarter of 2024 increased by 20% to $87.8 million as compared to $73.0 million for the first quarter of 2023. Hospitality revenue increased by 60% to $39.3 million and leasing revenue increased by 21% to $14.3 million.

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ST JOE Co filing history →

Source: SEC EDGAR

accession 0001558370-24-005589

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