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) reported strong financial results for FY 2021, with total revenues of $757.1 million, a significant increase from $519.5 million in 2020. Net income for the year was $58.7 million, with an EPS of $2.79. Q4 2021 saw revenues of $203.0 million, up from $151.2 million in Q4 2020. System-wide sales of vacation ownership interests (VOIs) reached a record $617.6 million, marking a 68.3% growth from 2020. The company repurchased 1.2 million shares for approximately $27.3 million and generated a free cash flow of $63.4 million.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced it will release its fourth-quarter and full-year financial results for 2021 on March 3, 2022, before the market opens. The company is a leader in vacation ownership, offering a points-based ownership plan with access to approximately 11,300 hotels and resorts. They also provide resort management, financial, and marketing services. Further details will be available in their upcoming press release.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced an expansion and extension of its syndicated credit facility with Fifth Third Bank, securing total borrowings of up to $300 million. The facility comprises a $100 million term loan and a $200 million revolving line of credit, maturing in February 2027. Currently, outstanding borrowings total $130 million, including $100 million from the term loan. CFO Ray Lopez emphasized that this development enhances liquidity and support for post-pandemic operations.
Bluegreen Vacations has confirmed its entitlement sponsorship of the Bluegreen Vacations Duel At Daytona, part of DAYTONA Speedweeks on February 17, 2022. This marks their fourth NASCAR sponsorship and third as the sponsor of the season-opening Duel. The company plans to offer unique vacation packages for members, including VIP experiences at NASCAR races. Bluegreen is a vacation ownership company affiliated with Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB), managing resorts and offering a points-based vacation ownership plan.
BBX Capital (OTCQX: BBXIA, PINK: BBXIB) reported strong financial results for the quarter ending September 30, 2021, with total revenues of $91.8 million compared to $42.2 million in the same period last year. Net income attributable to shareholders reached $19.2 million, up from a loss of $8.3 million. The company highlighted increased profits from its real estate segment and rebounding sales in its sweets business, IT’SUGAR, post-COVID-19. However, challenges persist due to rising costs and supply chain disruptions. As of September 30, the cash reserves stood at $113.5 million.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) reported strong Q3 2021 financial results, achieving a net income of $23.1 million and earnings per share (EPS) of $1.07. System-wide sales of vacation ownership interests (VOIs) reached $180.6 million, a remarkable 73% increase from the previous year. The company’s Adjusted EBITDA was $42.7 million, reflecting the success of its Bluegreen Renewal Program aimed at revitalizing sales and improving efficiency. With an occupancy rate of 84% and a robust free cash flow of $74.6 million, Bluegreen's performance indicates a strong recovery amidst ongoing pandemic challenges.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) will release its financial results for the third quarter of 2021 after market close on Wednesday, November 3, 2021.
The company specializes in vacation ownership, marketing, and managing resorts in popular destinations. With the Bluegreen Vacation Club, it offers a flexible vacation ownership plan, providing access to numerous resorts and hotels through various partnerships.
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) has announced a share repurchase program, authorizing the buyback of up to $40 million in Class A and Class B shares. The program will allow management to repurchase shares over time based on market conditions. This strategic move aims to enhance shareholder value and reflects confidence in the company's future prospects. Bluegreen specializes in vacation ownership and offers a points-based vacation ownership plan with numerous resort partnerships.
Bluegreen Vacations (NYSE: BVH; OTCQX: BVHBB) reported significant financial recovery for Q2 2021, with total revenue of $193.5 million, up 181.3% from Q2 2020. Net income reached $19.5 million with EPS of $0.93. The company achieved system-wide sales of vacation ownership interests (VOIs) totaling $163.4 million, nearly matching pre-pandemic levels. Key metrics included an Adjusted EBITDA of $35.8 million and consolidated cash of $216.1 million. While business demonstrates recovery, concerns about rising COVID-19 cases remain.
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