Welcome to our dedicated page for Bluegreen Vacations Holding Corporation news (Ticker: BVHBB), a resource for investors and traders seeking the latest updates and insights on Bluegreen Vacations Holding Corporation stock.
Bluegreen Vacations Holding Corporation (BVHBB) is a company primarily involved in managing, marketing, and selling the Bluegreen Vacation Club, a points-based vacation ownership plan. With over 180,000 owners and access to more than 4,000 resorts worldwide, Bluegreen offers a flexible vacation experience through its owned or managed resorts.
As a wholly-owned subsidiary of BBX Capital and BFC Financial Corporation, Bluegreen continues to expand its presence in the vacation ownership industry, providing unique vacation experiences for its growing customer base. The company's strategic partnerships and investments in real estate, timeshare, and other sectors demonstrate its commitment to growth and innovation in the hospitality industry.
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.
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.
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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