United States

St. Joe Co (JOE)

JOE on New York Consolidated

27 Oct 2016
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Latest Key Developments (Source: Significant Developments)

St. Joe Co posts Q2 revenue $29.5 million
Wednesday, 3 Aug 2016 04:05pm EDT 

St. Joe Co : Q2 revenue $29.5 million versus $37.8 million . The st. Joe company reports second quarter 2016 results .Q2 earnings per share $0.02.  Full Article

St. Joe Co announces retirement of Jeff Keil, Successor & Management Changes
Thursday, 19 Nov 2015 04:34pm EST 

St. Joe Co:Announced that Jeffrey Keil is retiring from his position as President & Interim Chief Executive Officer, effective as of November 18, 2015.Keil has served as a Director on the St. Joe Board of Directors since 2011 and assumed the position of President and Interim CEO in August 2014 upon the retirement of Park Brady.  Full Article

St. Joe Co, former CEO settle U.S. SEC accounting probe - Reuters
Tuesday, 27 Oct 2015 04:46pm EDT 

St. Joe Co:St. Joe Co and five individuals, including a former chief executive officer, agreed to settle U.S. regulatory charges the Florida developer and landowner improperly accounted for the falling value of its residential real estate assets after the financial crisis - RTRS.The civil settlement announced by the U.S. Securities and Exchange Commission on Tuesday was five years after Greenlight Capital Inc hedge fund manager David Einhorn accused St. Joe Co of vastly overvaluing its real estate holdings - RTRS.The SEC said St. Joe will pay a $2.75 million fine, while former CEO William Britton Greene will pay a $120,000 fine and give up $400,000 of gains plus interest - RTRS.A former chief financial officer, William McCalmont, and a former chief accounting officer, Janna Connolly, also agreed to pay fines and give up gains - RTRS.Two former accounting directors were also sanctioned. None of the defendants admitted wrongdoing - RTRS.The SEC said St. Joe materially overstated earnings and assets in 2009 and 2010 because it failed to take required writedowns on properties hit hard by the financial crisis - RTRS.After shortfalls were addressed in the fourth quarter of 2011, St. Joe recognized more than $374 million in impairment losses associated with real estate investments, the SEC said - RTRS.  Full Article

St. Joe Company announces tender offer for shares of its common stock; increased the authority under the Company's stock repurchase program
Friday, 21 Aug 2015 10:36pm EDT 

St. Joe Company:Says on August 24, 2015 it will commence a tender offer to purchase up to 16,666,666 shares of its outstanding common stock at a price of $18.00 per share.In connection with authorizing the tender offer, the Company's board of directors has increased the authority under the Company's stock repurchase program to $300 million, substantially all of which would be used if the tender offer is fully subscribed.  Full Article

BRIEF-St. Joe Co posts Q2 revenue $29.5 million

* Q2 earnings per share $0.02 Source text for Eikon: Further company coverage: