Joe (JOE) Q3 2026 Earnings Call Transcript

Joe (JOE) reported Q3 2026 results with a slight revenue decline, while profitability improved on stronger hospitality performance. Total revenue was $156.2 million, down 3% year over year, mainly because of the September 2025 sale of the Watercrest joint venture. Operating income rose 16% to $61.5 million, and net income was $36.9 million, or $0.65 per share, compared with $0.67 per share in Q3 2025. Hospitality revenue reached $66 million, a company record for the quarter, up 9%, and hospitality gross margin improved to 37%. In residential, the company reported 222 homes under contract at Latitude Margaritaville Watersound and a sales backlog value of $140.9 million.