Welcome to our dedicated page for Boston Omaha news (Ticker: BOC), a resource for investors and traders seeking the latest updates and insights on Boston Omaha stock.
Boston Omaha Corporation reports developments for a diversified holding company with operations in outdoor billboard advertising, broadband services, surety insurance and related brokerage, asset management, and minority equity investments. News commonly centers on annual and quarterly financial results tied to Form 10-K and Form 10-Q filings, including segment performance, investment holdings, and noncontrolling interests in real estate funds.
Company updates also cover capital allocation actions such as Class A common stock repurchases, annual stockholder meeting matters, and subsidiary activity at General Indemnity Group, which includes United Casualty & Surety Insurance Company and BOSS Bonds Insurance Agency in the surety insurance sector.
Boston Omaha (NYSE: BOC) has scheduled its 2024 Annual Meeting of Stockholders for September 20, 2024.
The meeting will take place at The Salvation Army Omaha Kroc Center – Joyce Mammel Assembly Hall, Omaha, NE, beginning at 10:00 a.m. Central Time.
This year’s meeting will be held in-person without remote streaming.
The new deadline for stockholder proposals and director nominations is June 14, 2024, superseding previous deadlines set in their March 27, 2023 proxy statement.
Proposals must comply with SEC's Rule 14a-8 and the company’s bylaws.
Stockholders should send their submissions to Boston Omaha 's office at 1601 Dodge Street, Suite 3300, Omaha, NE.
Boston Omaha (NYSE: BOC) announced its financial results for Q1 2024, ending March 31. Key highlights include:
Total revenues of $25.55M, up from $22.82M in Q1 2023.
Billboard Rentals and Broadband Services contributed $10.70M and $9.68M, respectively.
Net loss from operations was $2.06M, down from $2.98M in Q1 2023.
Net loss attributable to common stockholders was $2.81M, or $0.09 per share, compared to $3.32M or $0.11 per share in Q1 2023.
Total assets decreased to $757.34M from $768.21M at the end of 2023.
Total unrestricted cash and investments decreased to $33.63M from $71.27M.
Depreciation and amortization expenses increased to $5.34M from $4.51M.
Cash inflow from operations was $2.42M, compared to $1.37M in Q1 2023.
Boston Omaha announced the departure of Co-CEO Alex Rozek to pursue new entrepreneurial opportunities, leaving Adam Peterson as the sole CEO. The company has evolved into a diversified holding company with interests in outdoor advertising, surety insurance, fiber to the home, and minority interests in other corporations. Boston Omaha plans to focus on growing existing business lines before considering new opportunities, aiming to increase value per share for shareholders.
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