BBX Capital, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
March 16, 2022 at 02:54 pm EDT
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BBX Capital, Inc. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was USD 303.56 million compared to USD 167.57 million a year ago. Revenue was USD 313.6 million compared to USD 173.23 million a year ago.
Net income was USD 46.91 million compared to net loss of USD 42.29 million a year ago. Basic earnings per share from continuing operations was USD 2.63 compared to basic loss per share from continuing operations of USD 2.19 a year ago. Diluted earnings per share from continuing operations was USD 2.63 compared to diluted loss per share from continuing operations of USD 2.19 a year ago.
Basic earnings per share was USD 2.63 compared to basic loss per share of USD 2.19 a year ago. Diluted earnings per share was USD 2.63 compared to diluted loss per share of USD 2.19 a year ago.
BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate, BBX Sweet Holdings and Renin. BBX Capital Real Estate 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 is engaged in the ownership and management of operating businesses in the confectionery industry, including ITSUGAR, 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 from China, Brazil, and certain other countries.