MIAMI LAKES — BankUnited reported earnings of $41.3 million or 41 cents a share for the quarter ended Dec. 31 compared to earnings of $27.8 million, or 30 cents a share for the same period a year ago. The fourth quarter of 2011 included a pre-tax net loss of about $14.3 million on the sale of loans.
For the year, profit was $63.2 million, or 62 cents a share, compared to $184.7 million, or $1.99 per share a year earlier. The 2011 profit reflects a one-time charge of $110.4 million, recorded in conjunction with the Company’s initial public offering in the first quarter of 2011. The $110.4 million charge, which is not deductible for income tax purposes, reduced profit by $110.4 million, or $1.16 per share.
BankUnited is a member of Palm Beach Business.com's South Florida portfolio. It operates a branches in Delray Beach, Boynton Beach and Boca Raton.
JUNO BEACH — NextEra Energy plans to report fourth quarter and full-year 2011 financial results before the opening of the trading on Jan. 27 with a news release to be posted on the company's website. CEO Lew Hay and other members of the company's senior management team will discuss the company's financial results during an investor presentation to be webcast live beginning at 9 a.m. that same day.
FORT LAUDERDALE — Car retailer AutoNation said it will release fourth quarter and year end financial results Jan. 26. CEO Mike Jackson, COO Mike Maroone and CFO Mike Shortwill discuss these results during a conference call and audio webcast that same day at 11 a.m.
The conference call may be accessed by telephone at 888-769-8515 (password: AutoNation). The webcast will be available on AutoNation's investor relations website under "Events & Presentations." A playback of the conference call will be available after 1 p.m. Eastern Time on Jan. 26, through Feb. 3 by calling 800-283-4984 (password 75300).
MIAMI — Lennar Corp., one of the nation's largest homebuilders, said it will release earnings for the fourth quarter and year ended Nov. 30 before the market opens on Jan. 11. Lennar will hold a conference call that day at 11 a.m. The call will be broadcast live on the Internet and can be accessed through Lennar's website. The call will be archived on the website for 90 days.
MIAMI— Carnival Corp. (NYSE: CCL) Vice Chairman and Chief Operating Officer Howard Frank has scheduled a conference call with analysts for 10 a.m. Dec. 20, to discuss the company's fourth quarter financial results which are expected to be released that morning. A simulcast of the call will be available via the company's Web sites at www.carnivalcorp.com and www.carnivalplc.com. Carnival is a member of Palm Beach Business.com’s South Florida portfolio.
FORT LAUDERDALE— National Beverage Corp. (Nasdaq: FIZZ) reported second quarter profit of $11.1 million, or 24 cents a share, on revenue of $158 million, compared with profit of $10.2 million, or 22 cents a share on revenue of $151.1 million for the same period in 2010. National Beverage brands include Shasta, Faygo, Everfresh, and LaCroix plus the Rip It line of “energy products.”
BOCA RATON — Boca Raton-based Office Depot saw second quarter loss widen during the second quarter as revenue stagnated compared to a year ago.
BOCA RATON — Retailer Office Depot said Tuesday that it had substantially cut losses for the fourth quarter while red ink for the year also declined.
For the fourth quarter, the company lost $76.7 million, or 28 cents a share, on revenue of $3.07 billion, compared with losses of $1.5 billion, or $5.64 a share, on revenue of $3.3 billion.
For the year, Office Depot reported a loss of $596 million, or $2.30 a share, on revenue of $12.1 billion, compared to a loss of $1.5 billion, or $5.42 a share, on revenue of $14.5 billion.
“Our fourth quarter operating results and cash flow performance exceeded our expectations due to stronger than anticipated sales in our North American Retail and International businesses,” said Mike Newman, Office Depot’s chief financial officer. “We remain pleased with the execution of our strategic initiatives across the entire enterprise.”
During the fourth quarter, Office Depot closed eight stores, opened two and relocated one store, bringing the total store count for North America to 1,152 as of Dec, 26.
PALM BEACH GARDENS — Dycom Industries said Tuesday that it recorded second a second quarter loss of $3.9 million, or a dime a share, on revenue of $216.3 million, compared with a loss of $77.9 million, or $1.98 a share, on revenue of $245.5 million for the same period a year ago. Dycom specializes in constructing telecommunications lines.
MIAMI — Homebuilder Lennar reported a fourth-quarter profit Thursday, while substantially cutting its loss for the year.Lennar earned $35.6 million, or 19 cents a share, on revenue of $913.7 million for the fourth quarter, compared with a loss of $811 million, or $5.12 a share, on revenue of $1.28 billion for the same period a year ago.
For the year, losses totaled $417 million, or $2.45 a share, on revenue of $3.1 billion. A year ago, Lennar lost $1.11 billion, or $7 a share, on revenue of $4.6 billion.
CEO Stuart Miller cited a stabilizing housing market spurred in part by first-time buyer tax credits.
"During the fourth quarter, the overall housing market continued to move towards stabilization as more confident homebuyers took advantage of increased affordability and the $8,000 federal tax credit,” Miller said. “While we continue to adapt our business in light of the current economic landscape and its challenges, we are optimistic that homebuyers have recognized that the residential housing market is improving and will continue to take advantage of the extended housing stimulus."
Miller said the company recorded its first year-0ver-year increase in orders since the first quarter of 2006, and improved operating margins by reducing sales incentives, lower construction costs and a successful rollout of new products.
FORT LAUDERDALE — National Beverage Thursday reported second quarter profit of $8.3 million, or 18 cents a share, on revenue of $149.6 million compared with profit of $6.5 million, or 14 cents a share, on revenue of $144 million.
“We find ourselves quite content and privileged to report six-month results that sustained both revenue and profit growth in spite of the present economic climate,” said Chairman and CEO Nick A. Caporella. “Our revenue growth in North America out-classed most other soft drink producers and this performance remains attributable to our value brands and today’s cautious consumer spending philosophy.”
