Biglari Holdings Inc. News Release
Biglari Holdings Inc. (NYSE: BH.A; BH) has reported its financial results for the first quarter of 2025. The company's pre-tax operating earnings increased to $9,994,000, up from $5,697,000 in Q1 2024, showing significant operational improvement. However, the company experienced substantial investment losses of $51,177,000 in Q1 2025, compared to gains of $23,698,000 in the same period last year.
After accounting for income taxes, Biglari Holdings reported a net loss of $33,275,000 for Q1 2025, contrasting with net earnings of $22,579,000 in Q1 2024. The company emphasizes that quarterly investment fluctuations should not be considered meaningful for analysis, and operating businesses should be evaluated independently of investment performance.
Biglari Holdings Inc. (NYSE: BH.A; BH) ha riportato i risultati finanziari per il primo trimestre del 2025. Gli utili operativi ante imposte sono aumentati a 9.994.000 $, rispetto ai 5.697.000 $ del primo trimestre 2024, evidenziando un significativo miglioramento operativo. Tuttavia, la società ha subito perdite di investimento rilevanti pari a 51.177.000 $ nel primo trimestre 2025, a fronte di guadagni di 23.698.000 $ nello stesso periodo dell'anno precedente.
Dopo aver considerato le imposte sul reddito, Biglari Holdings ha riportato una perdita netta di 33.275.000 $ per il primo trimestre 2025, in contrasto con un utile netto di 22.579.000 $ nel primo trimestre 2024. L'azienda sottolinea che le fluttuazioni trimestrali degli investimenti non dovrebbero essere considerate significative per l'analisi e che le attività operative devono essere valutate indipendentemente dalla performance degli investimenti.
Biglari Holdings Inc. (NYSE: BH.A; BH) ha presentado sus resultados financieros para el primer trimestre de 2025. Las ganancias operativas antes de impuestos aumentaron a 9.994.000 $, desde 5.697.000 $ en el primer trimestre de 2024, mostrando una mejora operacional significativa. Sin embargo, la compañía experimentó pérdidas sustanciales por inversiones de 51.177.000 $ en el primer trimestre de 2025, en comparación con ganancias de 23.698.000 $ en el mismo período del año anterior.
Después de contabilizar los impuestos sobre la renta, Biglari Holdings reportó una pérdida neta de 33.275.000 $ para el primer trimestre de 2025, en contraste con ganancias netas de 22.579.000 $ en el primer trimestre de 2024. La empresa enfatiza que las fluctuaciones trimestrales en inversiones no deben considerarse significativas para el análisis y que los negocios operativos deben evaluarse independientemente del desempeño de las inversiones.
Biglari Holdings Inc. (NYSE: BH.A; BH)는 2025년 1분기 재무 결과를 발표했습니다. 법인세 차감 전 영업이익은 2024년 1분기 5,697,000달러에서 크게 증가한 9,994,000달러로, 운영 성과가 크게 개선되었습니다. 그러나 회사는 2025년 1분기에 51,177,000달러의 상당한 투자 손실을 기록했으며, 이는 전년 동기 23,698,000달러의 투자 이익과 대조됩니다.
소득세를 반영한 후 Biglari Holdings는 2025년 1분기에 33,275,000달러의 순손실을 보고했으며, 이는 2024년 1분기의 22,579,000달러 순이익과 대비됩니다. 회사는 분기별 투자 변동성이 분석에 중요한 의미를 갖지 않으며, 영업 사업은 투자 성과와 별개로 평가되어야 한다고 강조합니다.
Biglari Holdings Inc. (NYSE : BH.A ; BH) a publié ses résultats financiers pour le premier trimestre 2025. Le résultat d'exploitation avant impôts a augmenté pour atteindre 9 994 000 $, contre 5 697 000 $ au premier trimestre 2024, montrant une amélioration opérationnelle significative. Cependant, la société a subi des pertes d'investissement importantes de 51 177 000 $ au premier trimestre 2025, contre des gains de 23 698 000 $ sur la même période l'année précédente.
Après prise en compte de l'impôt sur le revenu, Biglari Holdings a enregistré une perte nette de 33 275 000 $ pour le premier trimestre 2025, contre un bénéfice net de 22 579 000 $ au premier trimestre 2024. La société souligne que les fluctuations trimestrielles des investissements ne doivent pas être considérées comme significatives pour l'analyse et que les activités opérationnelles doivent être évaluées indépendamment de la performance des investissements.
Biglari Holdings Inc. (NYSE: BH.A; BH) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht. Das operative Ergebnis vor Steuern stieg auf 9.994.000 $, verglichen mit 5.697.000 $ im ersten Quartal 2024, was eine deutliche operative Verbesserung zeigt. Allerdings erlitt das Unternehmen im ersten Quartal 2025 erhebliche Investitionsverluste in Höhe von 51.177.000 $, im Vergleich zu Gewinnen von 23.698.000 $ im gleichen Zeitraum des Vorjahres.
Nach Berücksichtigung der Einkommensteuern meldete Biglari Holdings für das erste Quartal 2025 einen Nettoverlust von 33.275.000 $, im Gegensatz zu einem Nettogewinn von 22.579.000 $ im ersten Quartal 2024. Das Unternehmen betont, dass vierteljährliche Schwankungen bei Investitionen für die Analyse nicht aussagekräftig sind und dass die operativen Geschäfte unabhängig von der Investitionsleistung bewertet werden sollten.
- None.
- Significant investment losses of $51.18 million in Q1 2025, compared to gains of $23.7 million in Q1 2024
- Net loss of $33.28 million in Q1 2025, compared to net earnings of $22.58 million in Q1 2024
Biglari Holdings Inc.'s earnings for the first quarter of 2025 and 2024 are summarized below. To become fully apprised of our results, shareholders should carefully study our 10-Q, which has been posted at www.biglariholdings.com.
(dollars in thousands) | |||
First Quarter | |||
2025 | 2024 | ||
Pre-tax operating earnings | $ 9,994 | $ 5,697 | |
Investment gains (losses) | (51,177) | 23,698 | |
Income taxes | 7,908 | (6,816) | |
Net earnings (loss) | $ (33,275) | $ 22,579 | |
Analysis of Results:
Investments affect our reported quarterly earnings based on their carrying value. We do not regard the quarterly or annual fluctuations in our investments to be meaningful. Therefore, our operating businesses are best analyzed before the impact of investment gains. As a consequence, in the preceding table we separate earnings of our operating businesses from our investment gains.
About Biglari Holdings Inc.
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance and reinsurance, licensing and media, restaurants, and oil and gas.
Comment on Regulation G
This press release contains certain non-GAAP financial measures. In addition to the GAAP presentations of net earnings, Biglari Holdings defines pre-tax operating earnings outside of the investment gains/losses of the Company.
Risks Associated with Forward-Looking Statements
This news release may include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ markedly from those projected or discussed here. Biglari Holdings cautions readers not to place undue reliance upon any such forward-looking statements, for actual results may differ materially from expectations. Biglari Holdings does not update publicly or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized. Further information on the types of factors that could affect Biglari Holdings and its business can be found in the Company's filings with the SEC.
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SOURCE Biglari Holdings Inc.
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