The St. Joe Company (NYSE:JOE) ("St. Joe") ("Company") proudly announces its certification by Great Place To Work®, a global leader in workplace culture recognition. This recognition is earned entirely by evaluating workplace culture from the perspective of the employee, offering a comprehensive picture of the internal health of an organization. Employing more than 1,000 team members from 18 countries, St. Joe sought this certification through an employee survey, resulting in a higher percentage of employees rating the Company as a "great place to work" compared to that of a typical U.S. company. "We are thrilled to become Great Place to Work-Certified™ as we consider employee experience a

Hospitality revenue increased by 17% for the third quarter of 2024 to $55.4 million from $47.4 million and increased 34% for the first nine months of 2024 to $157.0 million from $117.0 million. Hospitality gross margin increased to 34.1% in the third quarter of 2024 as compared to 23.8% in the third quarter of 2023 and increased to 33.3% for the first nine months of 2024 as compared to 21.0% for the first nine months of 2023. Leasing revenue increased by 19% for the third quarter of 2024 to $15.6 million from $13.1 million and increased 20% for the first nine months of 2024 to $44.7 million from $37.2 million. The leasable square feet increased by 9% to 1,179,000 square feet with the per

The St. Joe Company (NYSE:JOE) ("St. Joe") announces the opening of the new Starbucks at Watersound Town Center, St. Joe's open-air lifestyle center at the entrance to the Watersound Origins® community in Inlet Beach, Florida. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002431066/en/Starbucks opens at Watersound Town Center. (Photo: Business Wire) "We are proud to have a nationally recognized brand like Starbucks at Watersound Town Center, offering a convenient location for residents of our Watersound Origins and neighboring communities and travelers along the US Highway 98 corridor," said William Brock, Vice President of C

Latitude Margaritaville Watersound development partners have announced that Latitude Margaritaville Watersound has again been named among the top 50 master-planned communities in the U.S. on the RCLCO Real Estate Consulting mid-2024 listing. Latitude Margaritaville Watersound is being developed in a dynamic partnership between The St. Joe Company (NYSE:JOE) ("St. Joe") and master developer Minto Communities USA ("Minto"), under licensing from global lifestyle brand Margaritaville Holdings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821725207/en/ Latitude Margaritaville Watersound is located on Northwest Florida's Emerald

The St. Joe Company (NYSE:JOE) ("St. Joe") announces new homebuilder relationships with Holiday Builders and Harris Doyle Homes. With the addition of these regional homebuilders, St. Joe's builder program now includes 19 builders within its residential portfolio of 16 active communities throughout Northwest Florida. Holiday Builders, headquartered in Melbourne, Florida, recently executed a contract with St. Joe for the purchase of homesites in St. Joe's Salt Creek at Mexico Beach community—the first contract for single family homesites in this new community. Holiday Builders has been in business for more than 40 years, building homes throughout the state of Florida and southern Alabama.

The St. Joe Company (NYSE:JOE) ("St. Joe" or "The Company") recently released its second quarter 2024 results, which showed record-breaking performance for its hospitality segment. Hospitality revenue increased by 38% to $62.3 million in the second quarter of 2024 as compared to $45.1 million in the second quarter of 2023. Similarly, gross margin for the hospitality segment increased to 39.2% for the second quarter of 2024 as compared to 26.2% for the same period in 2023. St. Joe attributes these results to several factors including new property openings in 2023, enhanced operational efficiencies at existing properties and continued increased visitation to Northwest Florida. This press rel

Hospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by 51% as compared to the second quarter 2023. Overall revenue in the quarter was $111.6 million as compared to $128.1 million in 2023. For the first six-months of 2024, total revenue decreased by 1% to $199.4 million from 2023 and net income attributable to the Company decreased to $38.4 million, as compared to $45.1 million in 202

The St. Joe Company (NYSE:JOE) ("St. Joe") and Tallahassee Memorial HealthCare (TMH) proudly announce the opening of the first building at the FSU/TMH Medical Campus in Panama City Beach, Florida. TMH Urgent Care and TMH Physician Partners - Primary Care opened to patients in the newly constructed medical office building located at 1002 N. Arnold Road (Highway 79). The building is the first of several planned for the 87-acre campus being jointly planned and developed by St. Joe, TMH and Florida State University (FSU). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717883701/en/Medical Office Building at the FSU/TMH Medical Ca

Latitude Margaritaville Watersound development partners have announced that construction is underway on additional amenities at the community's Latitude Town Square. Latitude Margaritaville Watersound is being developed in a dynamic partnership between The St. Joe Company (NYSE:JOE) ("St. Joe") and master developer Minto Communities USA ("Minto"), under licensing from global lifestyle brand Margaritaville Holdings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240624683616/en/Latitude Margaritaville Watersound (Photo: Business Wire) Latitude Margaritaville communities offer a laid-back lifestyle of fun, food, music and escapism

The St. Joe Company (NYSE:JOE) ("St. Joe") announces plans by the Berkowitz Contemporary Foundation, an arts-supporting non-profit organization, for the Longleaf Art Park at the Watersound Origins community. The park, which is currently under development off Origins Parkway, is planned for 15.5 acres and will be open to the public once complete. Day-to-day operations will be managed by the Cultural Arts Alliance of Walton County. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618369868/en/Artist Rendering of Longleaf Art Park and the Passage of Time Pavilion. (Photo: Business Wire) The planned park will be anchored by the Pas

Hospitality revenue increased by 17% for the third quarter of 2024 to $55.4 million from $47.4 million and increased 34% for the first nine months of 2024 to $157.0 million from $117.0 million. Hospitality gross margin increased to 34.1% in the third quarter of 2024 as compared to 23.8% in the third quarter of 2023 and increased to 33.3% for the first nine months of 2024 as compared to 21.0% for the first nine months of 2023. Leasing revenue increased by 19% for the third quarter of 2024 to $15.6 million from $13.1 million and increased 20% for the first nine months of 2024 to $44.7 million from $37.2 million. The leasable square feet increased by 9% to 1,179,000 square feet with the per

Hospitality revenue increased substantially above the prior Company quarterly record achieved in the third quarter of 2023. Hospitality gross margin increased to 39.2% in the second quarter of 2024 as compared to 26.2% in the second quarter of 2023. Hospitality revenue increased by 38%, leasing revenue increased by 19%, while real estate revenue decreased by 51% as compared to the second quarter 2023. Overall revenue in the quarter was $111.6 million as compared to $128.1 million in 2023. For the first six-months of 2024, total revenue decreased by 1% to $199.4 million from 2023 and net income attributable to the Company decreased to $38.4 million, as compared to $45.1 million in 202

Highlights for the first quarter of 2024 as compared to the first quarter of 2023: Revenue increased by 20%. Operating income increased by 42%. Net income attributable to the Company increased by 34%. The St. Joe Company (NYSE:JOE) (the "Company," "We," or "Our") today reports first quarter 2024 results. Jorge Gonzalez, the Company's President and Chief Executive Officer, said, "St. Joe continues to show solid organic growth following record performance in 2023. Hospitality revenue grew by 60% with new hotels and increased Watersound Club memberships. Leasing revenue grew by 21% with over 1,000 leased multi-family and senior living units as of March 31, 2024. Residential real

Highlights for the full year 2023 as compared to full year 2022: Revenue increased by 54% to $389.2 million from $252.3 million. Operating income increased by 48% to $90.7 million from $61.4 million. Net income attributable to the Company increased by 10% to $77.7 million from $70.9 million. (Prior year net income attributable to the Company includes approximately $16.2 million after-tax gain on one unconsolidated joint venture and approximately $7.3 million after-tax gain on insurance recoveries.) The St. Joe Company (NYSE:JOE) (the "Company") today reported fourth quarter and full year 2023 results. Jorge Gonzalez, the Company's President and Chief Executive Officer, said,

Highlights for the third quarter of 2023 compared to the third quarter of 2022: Quarterly net income attributable to the Company increased by 57% to $19.4 million from $12.4 million. Quarterly revenue increased by 76% to $101.4 million from $57.6 million. Real estate revenue increased by 131% to $39.9 million from $17.3 million. Hospitality revenue increased by 63% to a quarterly record of $47.4 million from $29.0 million. Leasing revenue increased by 30% to $13.1 million from $10.1 million. As of September 30, 2023, the 1,082,000 net rentable square feet were 96% leased. Homesite closings volume increased 226% to 254 homesites from 78 homesites. Latitude Margaritaville

Highlights for the second quarter of 2023 compared to the second quarter of 2022: Quarterly net income attributable to the Company increased by 104% to $34.7 million from $17.0 million. Quarterly revenue increased by 88% to $128.1 million from $68.2 million. Real estate revenue increased by 148% to $69.3 million from $28.0 million with average base revenue, excluding homesite residuals, per homesite sold of $153,000 as compared to $83,000. Hospitality revenue increased by 52% to a quarterly record of $45.1 million from $29.6 million. Leasing revenue increased by 33% to $12.4 million from $9.3 million. As of June 30, 2023, the 1,041,000 of net rentable square feet were 98%

Highlights for the first quarter of 2023 compared to the first quarter of 2022: Quarterly revenue increased by 12% to $73.0 million from $64.9 million. Hospitality revenue increased by 50%. Leasing revenue increased by 34%. Real estate revenue decreased by 5%. Homesite closings volume increased 81% to 327 homesites from 181 homesites. Latitude Margaritaville Watersound unconsolidated joint venture completed 149 home sales compared to 18 home sales. Net income attributable to the Company decreased to $10.4 million compared to $13.4 million with pre-opening expenses of $2.4 million in the first quarter of 2023 for new hotels, and other cost increases partially offse

Continued execution of the long-term strategic goal of diversifying and growing recurring revenue streams while increasing the intrinsic value of development and operating assets. Hospitality revenue for the full year 2022 increased by 29%, leasing revenue increased by 45%, while real estate revenue decreased by 31%, compared to the full year 2021. Overall revenue for the full year 2022 was $252.3 million compared to $267.0 million in 2021. Net income attributable to the Company for the full year 2022 decreased by 4.8% to $70.9 million primarily due to timing and product mix of sales in residential communities. For the full year 2022, the Company invested $356.7 million in capital

Quarterly revenue increased by 7% to $57.6 million, compared to $53.9 million in 2021 due to strong growth in leasing and hospitality revenue, which we believe is recurring. Leasing revenue increased by 42% and hospitality revenue increased by 30%. Real estate revenue decreased by 26% due to timing of homesite closings. Net income attributable to the Company for the quarter decreased by 18% to $12.4 million compared to $15.2 million in the same period in 2021. In 2021, the Company received a one-time payment of $3.6 million related to Hurricane Michael. For the first nine months of 2022, revenue increased by 14% to $190.7 million and net income attributable to the Company increased t

Quarterly revenue decreased by 6% to $68.2 million compared to $72.2 million in 2021 due to timing of homesite sales and mix of sales from different residential communities while the homesite units volume increased 34% to 231 homesites. Leasing revenue increased by 45% and hospitality revenue increased by 31%. Net Income decreased by 30% to $17.0 million compared to $24.2 million in 2021 due to timing of homesite sales and mix of sales from different residential communities, particularly the sale of homesites at the Watersound Camp Creek community in the second quarter of 2021, which are anticipated in the second half of 2022. Net Cash Provided by Operating Activities decreased by 75

St. Joe (NYSE:JOE) reported quarterly earnings of $0.24 per share. This is a 33.33 percent increase over earnings of $0.18 per share from the same period last year. The company reported $87.79 million in sales this quarter. This is a 20.26 percent increase over sales of $73.00 million the same period last year.

St. Joe (NYSE:JOE) reported quarterly earnings of $0.23 per share. This is a 52.08 percent decrease over earnings of $0.48 per share from the same period last year. The company reported $86.70 million in sales this quarter. This is a 40.75 percent increase over sales of $61.60 million the same period last year.

Companies Reporting Before The Bell • Gatos Silver (NYSE:GATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million. • Wix.com (NASDAQ:WIX) is likely to report quarterly earnings at $0.95 per share on revenue of $402.83 million. • Rio Tinto (NYSE:RIO) is expected to report earnings for its Fiscal Year 2023. • Euroseas (NASDAQ:ESEA) is estimated to report quarterly earnings at $3.50 per share on revenue of $49.57 million. • Bausch & Lomb (NYSE:BLCO) is likely to report earnings for its fourth quarter. • Clean Harbors (NYSE:CLH) is estimated to report quarterly earnings at $1.69 per share on revenue of $1.36 billion. • Constellium (NYSE:CSTM) is expe

The St. Joe Company (NYSE:JOE) ("St. Joe") announces a new builder relationship and the execution of a contract for homesites in Panama City Beach with Toll Brothers, Inc. (NYSE:TOL) ("Toll Brothers"), the nation's leading builder of luxury homes."We frequently hear from builders who, like us, are encouraged by the inbound migration that Northwest Florida is seeing from all parts of the country," said Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. "We are thrilled to be working with Toll Brothers to bring their luxury home product to our market as we continue to diversify our builder relationships and the product mix in our residential communities."Toll Brothe

St. Joe (NYSE:JOE) reported quarterly earnings of $0.33 per share. This is a 57.14 percent increase over earnings of $0.21 per share from the same period last year. The company reported $101.40 million in sales this quarter. This is a 76.04 percent increase over sales of $57.60 million the same period last year.

Companies Reporting Before The Bell • Deutsche Bank (NYSE:DB) is estimated to report quarterly earnings at $0.52 per share on revenue of $7.65 billion. • M/I Homes (NYSE:MHO) is estimated to report quarterly earnings at $4.27 per share on revenue of $1.07 billion. • Blue Foundry (NASDAQ:BLFY) is projected to report quarterly loss at $0.11 per share on revenue of $10.77 million. • Lakeland Financial (NASDAQ:LKFN) is likely to report quarterly earnings at $0.90 per share on revenue of $60.83 million. • Imax (NYSE:IMAX) is estimated to report quarterly earnings at $0.22 per share on revenue of $99.49 million. • Hess Midstream (NYSE:HESM) is likely to report quarterly earnings at $0.55 per

On CNBC’s "Mad Money Lightning Round," Jim Cramer said yes to The St. Joe Company (NYSE:JOE). "I’ve liked St. Joe forever," he added. When asked about Advance Auto Parts, Inc. (NYSE:AAP), he said, "I like to buy best of breed, the best of breed is AutoZone, Inc. (NYSE:AZO)." Cramer also said he is astonished that Chewy, Inc. (NYSE:CHWY) is "doing this poorly, because so many of us use it." Don’t forget to check out our premarket coverage here "There is now beginning to be a credibility gap between what the company said about the problems with the engines and what’s actually happening," Cramer said about RTX Corporation (NYSE:RTX). "No bottom yet, not yet, still sells at 15

Donald Trump on Tuesday criticized President Joe Biden after being indicted for the fourth time in Georgia on Monday for his alleged efforts to overturn the 2020 election results. What Happened: Trump took to his social media platform Truth Social on Tuesday, announcing his intention to appoint a special counsel to investigate Biden’s overseas business dealings if he secures a second term in office. “As soon as I am reelected, I will appoint a real special counsel… to look at all of these bribes, kickbacks, crimes as well as the shameless attempt to cover up,” Trump said in a video speech, calling Biden “a Manchurian Candidate.” See Also: Donald Trump’s Former Press Secretary Li