The St. Joe Company to Announce Second Quarter 2025 Results and Hold Earnings Call for the Second Quarter
As discussed at its 2025 Annual Meeting of Shareholders, the Company will conduct an earnings call on July 24, 2025 at 3:00 p.m. Central Time; 4:00 p.m. Eastern Time to answer questions regarding the results. To join the call, please click here.
Replay of the call will be available until August 20, 2025 at www.joe.com
About The St. Joe Company
The St. Joe Company is a diversified real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Colbert cancellation a ‘purely financial decision,' says Paramount CEO while Writers Guild calls for investigation
CBS says its decision to end Stephen Colbert's late-night comedy show is financial, not political. Yet even with the ample skepticism about that explanation, there's no denying the economics were not working in Colbert's favor. The network's bombshell announcement late Thursday that the 'Late Show' will end next May takes away President Donald Trump's most prominent TV critic and the most popular entertainment program in its genre. The television industry's declining economic health means similar hard calls are already being made with personalities and programming, with others to be faced in the future. For the late-night genre, there are unique factors to consider. As recently as 2018, broadcast networks took in an estimated US$439-million in advertising revenue for its late-night programs, according to the advertising firm Guidelines. Last year, that number dwindled to $220-million. Late-night TV was a particular draw for young men, considered the hardest-to-get and most valuable demographic for advertisers. Increasingly, these viewers are turning to streaming services, either to watch something else entirely or catch highlights of the late-night shows, which are more difficult for the networks to monetize. More broadly, the much-predicted takeover of viewers by streaming services is coming to pass. The Nielsen company reported that during the last two months, for the first time ever, more people consumed programming on services like YouTube and Netflix than on ABC, CBS and NBC or any cable network. Networks and streamers spent roughly $70-billion on entertainment shows and $30-billion for sports rights last year, said Brian Wieser, CEO of Madison & Wall, an advertising consultant and data services firm. Live sports is the most dependable magnet for viewers and costs for its rights are expected to increase eight per cent a year over the next decade. With television viewership declining in general, it's clear where savings will have to come from. Wieser said he does not know whether Colbert's show is profitable or not for CBS and parent company Paramount Global, but he knows the direction in which it is headed. 'The economics of television are weak,' he said. In a statement announcing the cancellation, George Cheeks, Paramount Global's president and chief executive officer, said that 'This is purely a financial decision against a challenging backdrop in late night. It is not related in any way to the show's performance, content or other matters happening at Paramount.' Cheeks' problem is that not everyone believes him. Colbert is a relentless critic of Mr. Trump, and earlier this week pointedly criticized Paramount's decision to settle Mr. Trump's lawsuit against CBS over a '60 Minutes' interview with Kamala Harris. He called Paramount's $16-million payment to Mr. Trump a 'big fat bribe,' since the company is seeking the administration's approval of its merger with Skydance Media. On Friday, the Writers Guild of America called for an investigation by New York's attorney general into whether Colbert's cancellation is itself a bribe, 'sacrificing free speech to curry favor with the Trump administration as the company looks for merger approval.' CBS' decision made this a pivotal week for the future of television and radio programming. Congress stripped federal funding for PBS and NPR, threatening the future of shows on those outlets. Journey Gunderson, executive director of the National Comedy Center, called the decision to end Colbert's show the end of an era. 'Late-night television has historically been one of comedy's most audience-accessible platforms — a place where commentary meets community, night after night,' Gunderson said. 'This isn't just the end of a show. It's the quiet removal of one of the few remaining platforms for daily comedic commentary. Mr. Trump, who has called in the past for CBS to terminate Colbert's contract, celebrated the show's upcoming demise. 'I absolutely love that Colbert got fired,' the president wrote on Truth Social. 'His talent was even less than his ratings.' Some experts questioned whether CBS could have explored other ways to save money on Colbert. NBC, for example, has cut costs by eliminating the band on Seth Meyers' late-night show and curtailing Jimmy Fallon's 'Tonight' show to four nights a week. Could CBS have saved more money by cutting off the show immediately, instead of letting it run until next May, which sets up an awkward 'lame duck' period? Then again, Colbert will keep working until his contract runs out; CBS would have had to keep paying him anyway. CBS recently cancelled the 'After Midnight' show that ran after Colbert. But the network had signaled earlier this year that it was prepared to continue that show until host Taylor Tomlinson decided that she wanted to leave, noted Bill Carter, author of 'The Late Shift.' 'It is a very sad day for CBS that they are getting out of the late-night race,' Andy Cohen, host of Bravo's 'Watch What Happens Live,' told The Associated Press. 'I mean, they are turning off the lights after the news.' Colbert, if he wanted to continue past next May, would likely be able to find a streaming service willing to pay him, Wieser said. But the future of late-night comedy on the entertainment networks is genuinely at risk. Mr. Trump, in fact, may outlast his fiercest comic critics. Jon Stewart, once a weeknight fixture, works one night a week at 'The Daily Show' for Paramount's Comedy Central, a network that seldom produces much original programming any more. ABC's Jimmy Kimmel, who was chided on social media by Mr. Trump on Friday — 'I hear Jimmy Kimmel is next' — has a contract that also runs out next year. Kimmel, 57, openly wondered in a Variety interview before signing his latest three-year contract extension how long he wanted to do it. He's hosted his show since 2003. 'I have moments where I go, I cannot do this anymore,' Kimmel told Variety in 2022. 'And I have moments where I go, what am I gonna do with my life if I'm not doing this anymore?' It's a very complicated thing ... I'm not going to do this forever.' Colbert, Kimmel and Stewart were all nominated for Emmy awards this week.
Globe and Mail
an hour ago
- Globe and Mail
Beneficient Receives Nasdaq Listing Determination
DALLAS, July 18, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the 'Company'), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets through its proprietary online platform AltAccess, today announced that on July 16, 2025, the Company was notified by The Nasdaq Stock Market LLC ('Nasdaq') that, due to its continued non-compliance with the minimum $1.00 bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and the delay in the filing of the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025 with the Securities and Exchange Commission, in contravention of Nasdaq's periodic reporting requirement set forth in Nasdaq Listing Rule 5250(c)(1), the Company's securities were subject to delisting unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the 'Panel'). The Company plans to timely request a hearing and a stay of any suspension action by Nasdaq at least pending the ultimate outcome of the hearing process and the expiration of any extension period that may be granted to the Company following the hearing. At the hearing, the Company will present its plan to evidence compliance with all applicable criteria for continued listing on The Nasdaq Capital Market and request an extension of time to do so. While the Company is taking definitive steps to evidence compliance with the applicable listing criteria as soon as practicable, there can be no assurance that the Panel will grant the Company's request for continued listing on Nasdaq. About Beneficient Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben's AltQuote ® tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess ® portal to explore opportunities and receive proposals in a secure online environment. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas' Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner. For more information, visit or follow us on LinkedIn. Contacts Forward Looking Statements This press release contains forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the listing and trading of the Company's securities on Nasdaq, the Company's intention to request a hearing from the Nasdaq hearing panel and the Company's intention to regain compliance with the Nasdaq Listing Rules. The words 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intends,' 'may,' 'might,' 'plan,' 'possible,' 'potential,' 'predict,' 'project,' 'should,' 'would' and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others, our plans to appeal Nasdaq's delisting determination; the outcome of any hearing we might request; our ability to cure any deficiencies in compliance with the Nasdaq Listing Rules; risks related to the substantial costs and diversion of management's attention and resources due to these matters and the risks, uncertainties, and factors set forth under 'Risk Factors' in the Company's most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q and the risks and uncertainties contained in the Company's Current Reports on Form 8-K. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Globe and Mail
an hour ago
- Globe and Mail
Union Pacific exploring Norfolk Southern rail takeover, reports say
Union Pacific, the largest U.S. freight railroad operator, is exploring a possible acquisition of Norfolk Southern to create a US$200-billion coast-to-coast rail network, a person familiar with the matter said. Talks are in early stages, the person said, with no guarantee talks will progress or that any deal would pass what would be expected to be a lengthy, detailed regulatory review. The two companies declined to comment. Any deal to unite two of the six largest freight rail operators in North America is likely to draw intense regulatory scrutiny. Major shippers in the steel, chemical and grain industries are expected to lobby against any further concentration in an industry that has consolidated from over 100 Class I railroads in the 1950s to just six today. Union Pacific UNP-N shares fell 2.7 per cent in Friday afternoon trading, while Norfolk Southern NSC-N rose 1.52 per cent. A combination would mark a shift in the U.S. freight rail landscape, creating a single-line network stretching from coast to coast, changing the current divide between western and eastern regional operators. Norfolk is recovering from a tumultuous past couple of years that included the firing of its previous CEO amid ethics investigations, a boardroom battle with activist Ancora, and a train derailment that cost the company about $1.4-billion. A merger between Union Pacific and Norfolk Southern would create the first modern West-to-East single-line freight railroad in the U.S. Earlier this year, Union Pacific CEO Jim Vena said a transcontinental merger would be good for customers, eliminating the need for interchanges between carriers in Chicago – a longstanding bottleneck – and reducing costly delays for shippers. But critics warn that such consolidation could reduce competition, a possible concern for regulators. With fewer major players in the market, shippers may face higher costs and diminished service options. 'We suspect certain shipper groups could get vocal on the perceived lost competition a merger would bring,' Barclays analyst Brandon R. Oglenski said. Discussions between the two operators, first disclosed by Semafor, spurred speculation that competitors would also consider concentration. 'History teaches that mergers and acquisitions within the railroad industry will inspire and motivate additional M&A,' said Mike Steenhoek, executive director of the Soy Transportation Coalition. That happened earlier this decade when Canadian Pacific offered to acquire Kansas City Southern, which prompted CP's main competitor – Canadian National – to submit their own offer to acquire Kansas City Southern. Ultimately the Canadian National offer was not allowed to proceed, and Canadian Pacific did acquire Kansas City Southern in 2023 – creating the first railroad to link Canada, the U.S. and Mexico. In 2024, Union Pacific led the industry with $24.3-billion in revenue, followed by BNSF (privately held, owned by Berkshire Hathaway), CSX CSX-Q, Canadian National CNR-T, Norfolk and Canadian Pacific Kansas City CP-T. 'The energy and momentum toward the remaining two U.S. based Class I railroads – BNSF and CSX – pursuing a merger would be considerable,' Steenhoek said. A regulatory decision could take 16 to 22 months, with merging carriers required to notify the Surface Transportation Board three to six months before filing an application, followed by a year-long evidentiary review and a final ruling within 90 days, Oglenski said. A potential Union Pacific acquisition of Norfolk Southern could have material synergy, he said. 'Any deal would face serious review from regulators,' said Emily Nasseff Mitsch, equity analyst at CFRA.
