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JOE St Joe Co News Story

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St. Joe Company's Q4 net income rises 58%

Overview

Real estate developer's Q4 revenue rose 24% yr/yr

Net income for Q4 increased 58% yr/yr

Company repurchased $15.1 mln of stock in Q4

Outlook

Company plans to leverage new media campaign in New York market

Result Drivers

REAL ESTATE GROWTH - Real estate revenue increased by 47% in Q4, driven by higher average sales prices and improved gross margins on homesite sales

HOSPITALITY RECORD - Hospitality revenue reached a Q4 record of $46.5 million, benefiting from growth in club memberships and hotel operations

CAPITAL ALLOCATION STRATEGY - Company allocated capital to shareholder returns, growth expenditures, and debt repayment, with $15.1 mln in stock repurchases in Q4

Company press release: ID:nBw4MWlgwa

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Real Estate Revenue$68.20 mln
Q4 Net Income$29.20 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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