JFB Construction Awarded Contract of Approximately $11 Million
JFB Construction announced that it has been awarded a contract of approximately $11 million for the construction of eight individual custom spec homes in Jupiter, Florida. "The contract is for the custom build of eight spec homes of approximately 4,000 to 5,000 square feet for each home," said Chief Executive Officer Joseph F. Basile, III. "This project is another important part of the high-end residential construction segment of JFB, where we focus on custom home builds primarily in the South Florida region. We will continue to focus on the growth of this segment as we diversify our business offerings. Currently, we have begun construction at The Preserve at Port Salerno, Florida, a 79-unit townhome development with a total project cost valued at $21 million.
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- Contract Value: JFB Construction has secured a contract worth approximately $11 million for the construction of eight custom homes in Jupiter, Florida, which is expected to provide a stable revenue stream and enhance its market position.
- Project Timeline: The company plans to commence construction in Q2 2026 and aims to complete the entire project by the end of Q4 2027, a timeline that will support sustained growth in the coming years.
- Stock Price Reaction: JFB's stock price rose by 2% during pre-market trading on Tuesday, reflecting positive market sentiment regarding the new contract, which may boost investor confidence.
- Future Revenue Outlook: JFB Construction anticipates revenue of $32 million in 2025, indicating strong growth potential in the future, particularly driven by the new project.
- Revenue Growth Expectation: JFB Construction anticipates a 119% increase in Q4 2025 revenues compared to Q4 2024, indicating significant progress across multiple projects that are expected to drive future financial performance.
- Major Contract Execution: The company signed an $18.9 million contract in October to serve as the general contractor for the first phase of a high school construction in DeSoto County, with a total contract value projected to reach $100 million, showcasing the company's expansion potential in educational infrastructure.
- Multiple Projects Advancement: JFB is constructing 79 townhouses in Port Salerno, Florida, and a Courtyard Marriott in Olive Branch, Mississippi, with expectations that these projects will provide strong revenue support moving into Q1 2026.
- Financing and Investment: The company completed a $44 million private placement, with $34 million allocated for general operating expenses, enhancing financial flexibility to support future projects and expansion plans.
- Executive Confidence: JFB Construction Holdings CFO Ruben Calderon purchased 1,550 shares of the company's common stock on December 9, 2025, at an average price of $18.72, indicating his confidence in the company's long-term strategy and future opportunities.
- Significant Investment: The acquisition of approximately $30,000 in common stock reflects Calderon's strong belief in the company's financial strength and growth potential for 2026 and beyond, which may enhance market expectations for the company's future performance.
- Strong Company Background: JFB Construction Holdings boasts generations of experience in residential and commercial construction, having provided services in 36 U.S. states and developed over 2 million square feet of commercial and retail space, showcasing its solid position in the industry.
- Trust-Based Clientele: The company has built its reputation on client trust and the value it brings to each project, with most projects acquired through referrals and repeat customers, further solidifying its competitive edge and brand reputation.
- Executive Confidence: JFB Construction Holdings CFO Ruben Calderon purchased 1,550 shares of the company's common stock on December 9, 2025, at an average price of $18.72, totaling approximately $30,000, demonstrating confidence in the company's long-term strategy and growth potential.
- Market Signal: Calderon stated that this purchase reflects his belief in JFB's financial strength, with expectations for continued growth opportunities in 2026 and beyond, which may bolster investor confidence in the company.
- Company Background: JFB Construction Holdings focuses on hospitality, commercial, industrial, and residential property development, boasting over 2 million square feet of commercial and retail space, and has provided services in 36 U.S. states, leveraging extensive experience and client trust.
- Forward-Looking Statements: The company cautions that while it holds optimistic expectations for the future, investors should be aware of potential risks, as actual results may differ materially from anticipated outcomes, encouraging them to review SEC filings for more information.
- Confidence Boost: JFB Construction Holdings CEO Joseph F. Basile, III purchased 5,900 shares at an average price of $16.79 on December 8, 2025, investing approximately $100,000, which further demonstrates his confidence in the company's future and commitment to shareholder value.
- Commitment to Transparency: Basile emphasized the company's focus on maintaining transparent communication with shareholders and creating long-term value, which not only enhances investor trust but also bolsters the company's reputation in the real estate development sector.
- Accumulated Industry Experience: With generations of experience in residential and commercial construction, JFB has provided over 2 million square feet of commercial and retail space across 36 U.S. states, showcasing its strong competitive position in the industry.
- Foundation of Client Trust: The company has built its reputation on client trust and project value, with most projects acquired through referrals and repeat business, which not only drives continuous growth but also lays a solid foundation for future project development.

Market Performance: Hospital and medical practitioners' shares are down approximately 1.7% on Friday, with Agilon Health and AirSculpt Technologies leading the decline at 9% and 8.3%, respectively.
Sector Laggards: The construction sector, along with hospital and medical practitioners, is identified as a laggard in the market on Friday.
Video Coverage: A video segment highlights the performance of these sectors, focusing on the laggards in the market.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.









