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Mar 31, 2023
Biglari Holdings Q1 2023 Earnings Report
Reported an increase in pre-tax operating earnings and net earnings attributable to Biglari Holdings shareholders for Q1 2023.
Key Takeaways
Biglari Holdings Inc. reported an increase in pre-tax operating earnings to $9.049 million and net earnings attributable to Biglari Holdings shareholders to $64.886 million for the first quarter of 2023. The company's investment gains significantly impacted the quarterly earnings.
Pre-tax operating earnings increased to $9.049 million in Q1 2023 from $5.967 million in Q1 2022.
Investment gains were $76.226 million in Q1 2023 compared to losses of $6.436 million in Q1 2022.
Net earnings attributable to Biglari Holdings shareholders reached $64.886 million in Q1 2023, a significant increase from a loss of $298 thousand in Q1 2022.
The company advises shareholders to study their 10-Q for a comprehensive understanding of the results.