earnings
confidence high
sentiment neutral
materiality 0.70
St. Joe Co Q2 revenue falls 13% to $111.6M; EPS $0.42 vs $0.60; dividend raised 17%
ST JOE Co
2024-Q2 EPS reported
$0.66
revenue$199,392,000
- Total revenue $111.6M (-13% YoY); hospitality revenue up 38% to record $62.3M, real estate down 51% to $34.5M.
- Net income attributable to company $24.5M ($0.42 EPS) vs $34.7M ($0.60 EPS) in Q2 2023.
- Hospitality gross margin improved to 39.2% from 26.2%; club members grew to 3,571 from 2,853.
- Quarterly dividend increased 17% to $0.14 per share from $0.12; payable Sept 6, record Aug 9.
- Homesites sold 186 at avg price $140k (52.3% margin) vs 300 at $153k (53.8%) in prior year.