Bluegreen Vacations Corporation (NYSE: BXG) has announced the relocation of its Sales and Marketing Headquarters from Indianapolis to Knoxville, Tennessee. This move aims to enhance operations in key markets, particularly the Smoky Mountains. The realignment includes senior sales and marketing leadership across four regions: South, West, East, and Midwest, each led by experienced professionals. The redesigned structure is intended to boost customer acquisition and sales growth. Additionally, Bluegreen plans to expand its marketing kiosks in Bass Pro Shops and Cabela's from 98 to over 120 by year-end 2021.
Bluegreen Vacations Corporation (BXG) reported its financial results for Q4 and FY 2020. Q4 net income was $7.0 million, down from $10.6 million YoY, with EPS at $0.10 compared to $0.14 last year. Adjusted EBITDA fell to $19.8 million from $30.0 million. Total revenue in Q4 was $151.2 million, a decrease from $183.9 million in Q4 2019, though up from $144.6 million in Q3 2020. System-wide sales of vacation ownership interests (VOIs) were $112.2 million, down from $155.5 million YoY. Despite challenges from COVID-19, the company reported a 54% increase in free cash flow to $70.8 million for 2020.
Bluegreen Vacations Holding Corporation (NYSE: BVH) announced plans to release its financial results for Q4 and year-end 2020 after market close on March 1, 2021. The company, which has a 93% ownership interest in Bluegreen Vacations Corporation (NYSE: BXG), focuses on vacation ownership interests and manages resorts across various destinations. Investors can anticipate insights into financial performance that may impact future stock evaluations.
Bluegreen Vacations Corporation (NYSE:BXG) has announced the upcoming release of its financial results for Q4 and the year ending 2020. The press release will be distributed after market close on March 1, 2021. Bluegreen Vacations specializes in vacation ownership interests and manages resorts in popular destinations. The company operates the Bluegreen Vacation Club, offering access to various resorts through partnerships. Bluegreen Vacations is approximately 93% owned by Bluegreen Vacations Holding Corporation (NYSE: BVH), a Florida-based holding company.
Bluegreen Vacations Corporation (NYSE: BXG) will continue its sponsorship of the Bluegreen Vacations Duel at DAYTONA, part of the 2021 NASCAR Cup Series. This event, scheduled for February 11, 2021, serves as a qualifying race for the renowned DAYTONA 500. Bluegreen Vacations, as the Official Vacation Ownership Provider of NASCAR, aims to enhance brand visibility among racing fans and provide exclusive experiences for its owners. Enhanced safety protocols will be in place due to COVID-19, ensuring a safe environment for attendees.