earnings
confidence high
sentiment positive
materiality 0.75
BBX Capital Q3 revenue $91.8M, net income $19.2M vs loss; boosts buyback to $20M
BBX Capital, Inc.
2022-Q3 EPS reported
$2.27
revenue$215,384,000
- Total Q3 revenue $91.8M (up 118% YoY); net income $19.2M vs loss $8.3M; diluted EPS $1.13 vs loss $0.43.
- BBXRE income before taxes $27.9M on lot sales and JV monetizations; Renin loss $0.7M on supply chain cost pressures.
- BBX Sweet Holdings (IT'SUGAR) trade sales $32.8M, gross margin 40%; comparable store sales 2% above 2019.
- Share repurchase program increased to $20M; $11.7M remaining after $19.7M spent in Q3 and tender offer.
- Cash $113.5M; note receivable from Bluegreen $75M; fully diluted book value $19.73 per share.