Q1 2026 St Joe Co Earnings Call Transcript

Apr 30, 2026 / 08:00 PM GMT

Release Date Price: $64.57 (-6.46%)

Transcript 10-Q8-K

Key Points

Positve

The St. Joe Co (JOE) reported a 5% increase in revenue and an 8% increase in operating income for the first quarter of 2026.
Hospitality revenue increased by 13%, contributing to a record $44.7 million in hospitality revenue for the quarter.
The company successfully executed a contract with Pulte Group for up to 2,653 home sites, marking Pulte's first entry into the Northwest Florida market.
Gross margins improved across all hospitality categories to 24% in Q1 2026, up from 18% in Q1 2025.
The company is actively pursuing growth opportunities, including discussions for data center development at Venture Crossings and expanding real estate brokerage locations.

Negative

Net income decreased by 21%, primarily due to a decrease in equity and income from unconsolidated joint ventures.
Leasing revenue decreased by 10%, attributed to the sale of the Watercrest Senior Living property.
The decrease in equity and income was primarily due to lower home closing volumes in the Latitude joint venture.
There are ongoing regulatory processes delaying the finalization of the Intercoastal Waterway Marina.
The company faces challenges in balancing inventory to meet market demand without overextending capital.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

JOE.N - St Joe Co
Q1 2026 St Joe Co Earnings Call
Apr 30, 2026 / 08:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and thank you for standing by. Welcome to the St. Joe Company First Quarter 2026 Earnings Conference Call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. If you wish to ask a question via the webcast, please use the Q&A box available on the webcast link at any time during the conference.

Please be advised that today's conference is being recorded.

I would now like to end the conference over two speakers for today, Mr. George Gonzalez, President, CEO, and the Chairman of the St. Joe Company. Please go ahead, sir.

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Unidentified_2 [2]
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