secwatch.observer — SEC 8-K summary
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Issuer:     ST JOE Co (JOE)
CIK:        0000745308
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001558370-24-010044
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

St. Joe Co Q2 revenue falls 13% to $111.6M; EPS $0.42 vs $0.60; dividend raised 17%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/745308/000155837024010044/0001558370-24-010044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/745308/000155837024010044/joe-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010044

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