Bluegreen Vacations reports Q4 EPS 27c, consensus 24c
Reports Q4 revenue $173.7M, consensus $182.94M. Reports Q4 System-Wide Sales of Vacation Ownership Interests of $146M. "In 2018 we continued to build our platform with a view toward positioning Bluegreen Vacations for growth in the coming years," said Shawn B. Pearson, CEO and President. "To that end, we upgraded our sales and inventory technology systems, expanded our digital capabilities and made additions to our executive team who will enhance our partnerships and marketing programs. We also increased our resort network in highly attractive markets including San Antonio, New Orleans and New York City and look forward to realizing the benefits as our new sales centers open and mature. While we expect more significant growth in the latter part of 2019, we anticipate that our early 2019 sales growth will be similar to that achieved in 2018. We believe that our solid balance sheet, capital-light business model with attractive cash flow and low leverage, along with ongoing demand for our vacation ownership resorts, positions Bluegreen for solid long-term performance."