BBX CAPITAL INC B - BBXIB STOCK NEWS

BBX Capital, Inc. reported a decrease in revenues and net income for the second quarter of 2023 compared to the same period in 2022. The company's portfolio companies are facing challenges associated with inflationary pressures, rising interest rates, and global economic uncertainty. Despite these headwinds, the company remains focused on generating growth and adapting strategies to navigate the current economic environment.

BBX Capital, Inc. (BBXIA) to Release Q2 2023 Financial Results on August 9, 2023. The Company plans to issue a press release after market close, providing insights into its financial performance for the second quarter of 2023.

BBX Capital reports financial results for Q1 2023. Total consolidated revenues increased to $95.0 million compared to $75.5 million in Q1 2022. Net income attributable to shareholders was $7.9 million, a significant improvement from a net loss of $1.8 million in the previous year. Diluted earnings per share also improved to $0.55 from a diluted loss per share of $(0.12). BBX Capital Real Estate acquired the remaining equity interests in the Altman Companies, positioning them for future growth. IT'SUGAR opened new stores and expects further expansion. Renin implemented cost-cutting measures to improve margins. However, all portfolio companies are facing challenges due to inflationary pressures, rising interest rates, and global economic uncertainty.

BBX Capital reported its financial results for the fourth quarter and year ended December 31, 2022. For Q4 2022, consolidated revenues increased to $107.6 million from $98.2 million in Q4 2021, and net income reached $15.4 million, up from $5.3 million. Yearly, total revenues rose to $342.0 million compared to $313.6 million, but net income fell to $28.0 million from $46.9 million. Diluted earnings per share (EPS) declined to $1.81 from $2.63. The company faces ongoing challenges, including inflation, rising interest rates, and decreased sales transactions anticipated in 2023.

BBX Capital, Inc. (OTCQX: BBXIA, PINK: BBXIB) announced its plans to release financial results for the fourth quarter and full year ended December 31, 2022. A press release detailing these results will be issued after market close on Wednesday, March 15, 2023. BBX Capital is a diversified holding company based in Florida, with principal holdings including BBX Capital Real Estate, BBX Sweet Holdings, and Renin.

BBX Capital, Inc. (OTC: BBXIA, BBXIB) has announced the results of its cash tender offer to buy up to 1,000,000 shares of Class A Common Stock at $10.00 each, which expired on December 21, 2022. A total of 2,268,499 shares were tendered, leading to the purchase of 1,200,000 shares on a pro rata basis, with a proration factor of approximately 52.9%. The total cost for this buyback is $12 million. Post-tender, the outstanding shares will be 14,871,249, of which 11,010,631 are Class A shares. For inquiries, shareholders can contact Laurel Hill Advisory Group.