BBX Capital Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Provides Tax Rate Guidance
For the full year, the company announced total revenues of $815.8 million versus $767.3 million, an increase of 6.3%. Net income attributable to shareholders was $82.2 million versus $28.4 million for the same period a year ago. Diluted earnings per share were $0.79 versus $0.32 for the same period a year ago. Free cash flow was $43.6 million versus $68.2 million for the same period a year ago. Fully diluted book value per share was $5.52 versus $4.22 for the same period a year ago.
The company estimates that its effective combined federal and state income tax rate will decrease from 38% to a range of 30% to 32%.