Jun 30, 2024

Biglari Holdings Q2 2024 Earnings Report

Biglari Holdings' financial performance for Q2 2024 was announced, revealing a net loss attributable to shareholders despite pre-tax operating earnings.

Key Takeaways

Biglari Holdings Inc. reported a net loss attributable to shareholders of $48.19 million for the second quarter of 2024, despite pre-tax operating earnings of $19.70 million. Investment losses significantly impacted the reported earnings.

Biglari Holdings reported a net loss attributable to shareholders of $48.19 million for Q2 2024.

Pre-tax operating earnings for Q2 2024 were $19.70 million.

Investment losses of $82.62 million negatively impacted the quarterly earnings.

The company focuses on operating business performance, excluding investment gains/losses, for analysis.

Total Revenue
$91.1M
Previous year: $93.5M
-2.6%
EPS
-$172
Previous year: $6.64
-2688.7%
Gross Profit
$24.6M
Cash and Equivalents
$121M
Free Cash Flow
-$10M
Total Assets
$809M

Biglari Holdings

Biglari Holdings

Forward Guidance

The press release includes forward-looking statements subject to risks and uncertainties, and actual results may differ materially. The company does not update forward-looking statements.