Biglari Holdings Inc. News Release
Rhea-AI Summary
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.
Positive
- None.
Negative
- 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
News Market Reaction 1 Alert
On the day this news was published, BH declined 1.06%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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.
View original content:https://www.prnewswire.com/news-releases/biglari-holdings-inc-news-release-302451444.html
SOURCE Biglari Holdings Inc.
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