earnings
confidence high
sentiment negative
materiality 0.85
BBX Capital Q3 net income falls to $4.0M from $19.2M; EPS $0.26 vs $1.13
BBX Capital, Inc.
2022-Q3 EPS reported
$0.82
revenue$234,403,000
- Total consolidated revenues $75.2M, down 18% from $91.8M; income before taxes $6.5M vs $25.7M.
- Diluted EPS $0.26 vs $1.13; net income attributable to shareholders $4.0M vs $19.2M.
- BBXRE income before taxes $14.3M (vs $27.9M) as Beacon Lake lot sales slowed; received $16.4M distribution from Altis sale.
- Renin losses widened to ($3.3M) from ($0.7M) on higher costs and lower sales; gross margin fell to 3.1%.
- IT'SUGAR opened first international location; BBX Sweet sales up to $37.1M but income fell to $0.1M.