Welcome to our dedicated page for Bluegreen Vacations Holding Corporation news (Ticker: BVH), a resource for investors and traders seeking the latest updates and insights on Bluegreen Vacations Holding Corporation stock.
Bluegreen Vacations Holding Corporation (symbol: BVH) is a prominent player in the vacation ownership industry. With a structured, points-based, deeded vacation ownership plan known as the Bluegreen Vacation Club, the company offers flexible vacation options to more than 180,000 owners. Bluegreen manages over 60 resorts and provides access to more than 4,000 resorts worldwide, ensuring a diverse array of vacation experiences.
Bluegreen's core business is centered around managing, marketing, and selling vacation ownership interests. The company prides itself on offering high-quality vacation experiences and has a significant presence in the United States.
In addition to its robust portfolio of owned and managed resorts, Bluegreen is constantly evolving to meet the needs of modern vacationers. Recent achievements include strategic partnerships and acquisitions that have expanded its footprint and enhanced its service offerings. Notable collaborations, such as those with major hospitality brands, have fortified Bluegreen's market position.
Financially, Bluegreen demonstrates stability and growth through prudent management and a focus on customer satisfaction. The company continually invests in improving its properties and services, ensuring a memorable experience for its clients.
Bluegreen is owned by BBX Capital (NYSE: BBX) and BFC Financial Corporation (OTCQB: BFCF), which hold 46% and 54% ownership interests, respectively. This ownership structure provides Bluegreen with substantial backing and resources, further bolstering its operational capabilities.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) will release its financial results for Q2 2022 before the market opens on August 3, 2022. The company is a leader in vacation ownership, providing flexible points-based plans and managing resorts in sought-after destinations. Bluegreen's offerings include 69 Club Resorts and access to over 11,200 additional hotels through partnerships. Investors can expect insights into the company's performance through the upcoming earnings announcement.
Bluegreen Vacations Holding Corporation (NYSE: BVH, OTCQX: BVHBB) has declared a quarterly cash dividend of $0.15 per share on its Class A and Class B Common Stock. This dividend is payable on August 22, 2022, to all shareholders of record by the close of trading on August 8, 2022. As a vacation ownership company, Bluegreen markets and sells vacation ownership interests and manages resorts, providing a flexible points-based vacation ownership plan.
BBX Capital (OTCQX: BBXIA) reported a net loss of $1.8 million for Q1 2022, compared to a profit of $2.3 million in Q1 2021. Total consolidated revenues increased to $75.5 million from $61.9 million. The loss per share was $0.12, down from $0.12 earnings previously. Renin faced significant challenges with a drop in trade sales to $33.5 million and a gross margin of just 5.1%. Despite difficulties, BBX expects future growth from its real estate investments and IT’SUGAR’s demand. BBX Capital’s total assets stand at $532.4 million with cash reserves of $114.6 million.
Bluegreen Vacations Holding Corporation (NYSE: BVH) reported robust financial results for Q1 2022. Net income surged by 438% to $16 million, with diluted EPS rising 407% to $0.76. Total revenue increased 33% to $195.1 million, and system-wide sales of vacation ownership interests (VOIs) skyrocketed 42% to $151.5 million. Adjusted EBITDA attributable to shareholders soared 145% to $31.1 million. Free cash flow also climbed 211% to $24.6 million. Despite a drop in vacation packages sold, the company expects strong future growth driven by ongoing marketing strategies.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has successfully completed a private offering of approximately $172.0 million in vacation ownership interest receivable-backed Notes. The issuance includes Class A Notes of $71.0 million, Class B Notes of $56.5 million, and Class C Notes of $44.5 million, with interest rates ranging from 4.12% to 5.35%, resulting in a weighted average of 4.60%. The proceeds will reduce existing debt and support corporate initiatives.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) will release its financial results for Q1 2022 on May 5, 2022, before market open. The company specializes in vacation ownership and manages resorts across key destinations. Its Bluegreen Vacation Club offers a points-based ownership plan with access to numerous resorts via partnerships. The announcement aligns with the company’s focus on providing comprehensive management and marketing services.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced a cash dividend of
BBX Capital reported strong financial results for Q4 and the year ended December 31, 2021. Total revenues reached $98.2 million for Q4, up from $56.2 million in 2020, with net income attributable to shareholders at $5.3 million, compared to a loss of $3.5 million. For the full year, revenues were $313.6 million, a significant increase from $173.2 million in 2020. The company has $118 million in cash and equivalents, with a total of $533.4 million in assets. Despite challenges like supply chain disruptions, BBX remains focused on long-term growth and value creation.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced the expansion of its share repurchase program by an additional $50 million. This increase follows an initial $40 million program started on August 9, 2021, under which the company has repurchased approximately 1.2 million Class A shares and 19,000 Class B shares totaling $27.3 million. With this expansion, the total available for future repurchases is approximately $62.7 million. The program allows flexibility in timing and execution based on market conditions.
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