SEC Form 10-Q filed by St. Joe Company

4 - ST JOE Co (0000745308) (Issuer)

4 - ST JOE Co (0000745308) (Issuer)

4 - ST JOE Co (0000745308) (Issuer)

4 - ST JOE Co (0000745308) (Issuer)

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

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.

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