BBX Capital Q2 revenue jumps to $61.7M, net income $20.1M vs loss; IT'SUGAR emerges from bankruptcy

BBX Capital, Inc.

2022-Q2 EPS reported $1.18 revenue$123,593,000

Revenue $61.7M vs $26.6M; diluted EPS $1.07 vs ($0.48); net income $20.1M vs ($8.7M).
IT'SUGAR emerged from Chapter 11 on June 17, 2021; recognized $15.9M non-cash gain; 85% of unsecured debt forgiven.
BBX Capital Real Estate sold 94 developed lots vs 23; Altis Promenade sale yielded ~$5.3M equity earnings.
Renin trade sales doubled to $34.4M but gross margin fell to 11.7% from 19.4% due to supply chain cost increases.
Share repurchases: ~$15M total ($3.8M program + $11.2M tender); remaining authority $6.2M.

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