BBX Capital, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 04:03 pm EDT
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BBX Capital, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 78.48 million compared to USD 92.13 million a year ago. Revenue was USD 80.97 million compared to USD 95 million a year ago.
Net loss was USD 13.04 million compared to net income of USD 7.9 million a year ago. Basic loss per share from continuing operations was USD 0.94 compared to basic earnings per share from continuing operations of USD 0.55 a year ago. Diluted loss per share from continuing operations was USD 0.94 compared to diluted earnings per share from continuing operations of USD 0.55 a year ago.
BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC (Renin). BBX Capital Real Estate LLC is engaged in the acquisition, development, construction, ownership, financing and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, warehouse and logistics facilities, and commercial properties located primarily in Florida. BBX Sweet Holdings, LLC is engaged in the ownership and management of operating businesses in the confectionery industry, including ITâSUGAR, a specialty candy retailer. Renin is engaged in the designing, manufacturing and distribution of sliding doors, door systems and hardware, and home decor products. In addition to its own manufacturing activities, Renin also sources various products and raw materials.
BBX CAPITAL, INC. 
