BBX Capital, Inc. Reports Earnings Results for the Full Year Ended December 31, 2022
March 15, 2023 at 04:49 pm EDT
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BBX Capital, Inc. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 307.92 million compared to USD 303.56 million a year ago. Revenue was USD 342.05 million compared to USD 313.6 million a year ago.
Net income was USD 28.02 million compared to USD 46.91 million a year ago. Basic earnings per share from continuing operations was USD 1.81 compared to USD 2.63 a year ago. Diluted earnings per share from continuing operations was USD 1.81 compared to USD 2.63 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.