BBX Capital, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 04:12 pm EST
Share
BBX Capital, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 72.7 million compared to USD 89.3 million a year ago. Revenue was USD 75.23 million compared to USD 91.79 million a year ago. Net income was USD 4.02 million compared to USD 19.19 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 1.13 a year ago.
For the nine months, sales was USD 226.24 million compared to USD 207.67 million a year ago. Revenue was USD 234.4 million compared to USD 215.38 million a year ago. Net income was USD 12.66 million compared to USD 41.66 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 2.27 a year ago. Diluted earnings per share from continuing operations was USD 0.82 compared to USD 2.27 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. 
