Mar 31, 2020

Biglari Holdings Q1 2020 Earnings Report

Announced results for the first quarter of 2020.

Key Takeaways

Biglari Holdings Inc. reported its earnings for the first quarter of 2020, with a focus on analyzing operating businesses before the impact of investment gains.

Earnings are affected by investments held through investment partnerships.

Quarterly fluctuations in partnerships' carrying values are not considered meaningful.

Operating businesses are best analyzed before the impact of investment gains.

Biglari Holdings owns subsidiaries in diverse business activities including property and casualty insurance, media and licensing, restaurants, and oil and gas.

Total Revenue
$136M
Previous year: $182M
-25.4%
EPS
-$413
Previous year: $28.4
-1555.9%
Gross Profit
$35.9M
Previous year: $22.8M
+57.2%
Cash and Equivalents
$33.3M
Previous year: $31.1M
+7.0%
Free Cash Flow
$44M
Previous year: -$13.6M
-423.5%
Total Assets
$948M
Previous year: $1.13B
-16.0%

Biglari Holdings

Biglari Holdings

Forward Guidance

This news release may include forward-looking statements based on current expectations and are subject to a number of risks and uncertainties.