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Sep 30, 2024
St. Joe Q3 2024 Earnings Report
St. Joe's Q3 2024 results were reported, with a mix of revenue performance across segments. Hospitality and leasing revenues saw growth, while real estate revenue declined. The company continues to focus on recurring revenue streams and efficient operations.
Key Takeaways
St. Joe Company reported a 2% decrease in total revenue for Q3 2024, amounting to $99.0 million. Hospitality and leasing revenues increased by 17% and 19%, respectively, while real estate revenue decreased by 32%. Net income attributable to the company decreased by 13% to $16.8 million, or $0.29 per share. The company is focused on growing recurring revenue and improving operational efficiency.
Total revenue decreased by 2% to $99.0 million compared to Q3 2023.
Hospitality revenue increased by 17% to $55.4 million.
Leasing revenue increased by 19% to $15.6 million.
Real estate revenue decreased by 32% to $28.0 million due to timing of homesite closings and product mix.
Revenue by Segment
Forward Guidance
The St. Joe Company did not provide specific forward guidance in the earnings report. The report focused on the results of the third quarter and first nine months of 2024 and strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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