Hotels, Restaurants and Leisure
Company Overview of Bluegreen Corporation
Bluegreen Corporation operates as a sales, marketing, and management company focusing on the vacation ownership industry in the United States. The company markets, sells, and manages vacation ownership interests (VOIs) in resorts that are developed or acquired by the company, or developed and owned by others. Its VOIs enable buyers to use resort accommodations through an annual or biennial allotment of points, which represent their ownership and beneficial use rights in perpetuity in the Bluegreen Vacation Club. It also provides property and homeowners’ association management, VOI title, mortgage servicing, and resort amenity operational services; and financing to individual purchasers of VO...
4960 Conference Way North
Boca Raton, FL 33431
Founded in 1966
Key Executives for Bluegreen Corporation
Chief Financial Officer, Senior Vice President, Treasurer, Secretary and President of Bluegreen Treasury Services
Chief Strategy Officer, Executive Vice President and President of Bluegreen Services
Senior Vice President and President of Bluegreen Resorts Field Sales & Marketing
Chief Information Officer and Senior Vice President
Chief Human Resources Officer and Senior Vice President
Compensation as of Fiscal Year 2016.
Bluegreen Corporation Key Developments
Bluegreen Corporation Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
Mar 17 16
Bluegreen Corporation reported consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total revenues of $156.400 million against $136.371 million a year ago. Income before income taxes was $29.839 million against $19.246 million a year ago. Net income was $21.103 million against $10.466 million a year ago. EBITDA was $34.670 million against $26.909 million a year ago. The company generated free cash flow of $9.3 million compared to $36.2 million during the same period in 2014 – development expenditures incurred in connection with the construction of VOI inventory at Bluegreen/Big Cedar Vacations resorts was the primary reason for this decrease.
For the year, the company reported total revenues of $614.765 million against $580.328 million a year ago. Income before income taxes was $124.320 million against $109.494 million a year ago. Net income was $82.009 million against $68.957 million a year ago. EBITDA was $143.225 million against $135.231 million a year ago. The company generated free cash flow of $72.1 million compared to $129.5 million during the same period in 2014 – development expenditures incurred in connection with the construction of VOI inventory at Bluegreen/Big Cedar Vacations resorts was the primary reason for this decrease.
Finn Law Group Settles Consumer Class Action Lawsuit against Bluegreen Corporation over Reporting Delinquent Timeshare Accounts as Foreclosures
Dec 22 15
A class action settlement has been reached with Bluegreen Corporation, Experian Information Solutions Inc., and Equifax Information Services, LLC. over allegations that timeshare owners’ delinquent accounts were reported as foreclosures in violation of the Fair Credit Reporting Act and Florida debt collection laws. The suit, Best and Snapp, et al. versus Bluegreen Corp., et al., case no. 9:14-cv-80929, was filed July 14, 2014, in the U.S. District Court, Southern District of Florida. The plaintiffs alleged that when they were delinquent, Bluegreen sent a series of letters advising them that they were terminated from the Bluegreen Vacation Club and the status of their accounts may be reported as foreclosures to the credit agencies. While not admitting liability, Bluegreen, Experian, and Equifax agreed to settle the lawsuit. The settlement, which was approved by the court Nov. 6, 2015, provides in part: for class members who did not opt out of the settlement and no longer have an active account, Bluegreen will request that Equifax and Experian delete the entire account that displayed a foreclosure; for class members who did not opt out of the settlement but still have an active account, Bluegreen will provide information to Equifax and Experian showing that the accounts were paid for the months preceding their delinquency; and Equifax and Experian have agreed to implement Bluegreen's requests.
Bluegreen Corporation Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 18 15
Bluegreen Corporation announced earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of $175,861,000 against $163,420,000 a year ago. Income before taxes was $42,031,000 against $32,104,000 a year ago. Net income was $27.0 million against $21.0 million a year ago. EBITDA was $45,647,000 against $38,170,000 a year ago. Free cash flow was $32.7 million compared to $43.2 million a year ago. Net income attributable to company was $23,251,000 against $17,210,000 a year ago.
For the nine months, the company reported total revenues of $458,365,000 against $443,957,000 a year ago. Income before taxes was $94,481,000 against $90,248,000 a year ago. EBITDA was $108,667,000 against $108,566,000 a year ago. Net income attributable to company was $51,563,000 against $49,694,000 a year ago.
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