2023-05-04 06:37:34 ET
- Bluegreen Vacations Cl A press release ( NYSE: BVH ): Q1 GAAP EPS of $0.71 beats by $0.32 .
- Revenue of $219.07M (+12.3% Y/Y) beats by $22.26M .
- System-wide sales of vacation ownership interests (“VOIs”) increased 10% to $166.9 million from $151.5 million in the prior year quarter.
- Number of guest tours increased 6% to 51,749 from 48,861 in the prior year quarter.
- Vacation packages sold were 40,780 compared to 41,990 in the prior year quarter.
- Vacation packages outstanding of 166,597 as of March 31, 2023, compared to 165,240 as of December 31, 2022, and 200,627 outstanding as of March 31, 2022.
- Adjusted EBITDA attributable to shareholders decreased 3% to $30.1 million from $31.1 million in the prior year quarter.
- Free cash flow was an outflow of $27.7 million in the first quarter compared to an inflow of $24.6 million in the first quarter of 2022, primarily as a result of an increase in VOI notes receivable originations and timing of changes in working capital.
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Bluegreen Vacations Cl A GAAP EPS of $0.71 beats by $0.32, revenue of $219.07M beats by $22.26M