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 societ脿 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 attivit脿 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 compa帽铆a experiment贸 p茅rdidas sustanciales por inversiones de 51.177.000 $ en el primer trimestre de 2025, en comparaci贸n con ganancias de 23.698.000 $ en el mismo per铆odo del a帽o anterior.
Despu茅s de contabilizar los impuestos sobre la renta, Biglari Holdings report贸 una p茅rdida 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 an谩lisis y que los negocios operativos deben evaluarse independientemente del desempe帽o de las inversiones.
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Biglari Holdings Inc. (NYSE : BH.A ; BH) a publi茅 ses r茅sultats financiers pour le premier trimestre 2025. Le r茅sultat d'exploitation avant imp么ts a augment茅 pour atteindre 9 994 000 $, contre 5 697 000 $ au premier trimestre 2024, montrant une am茅lioration op茅rationnelle significative. Cependant, la soci茅t茅 a subi des pertes d'investissement importantes de 51 177 000 $ au premier trimestre 2025, contre des gains de 23 698 000 $ sur la m锚me p茅riode l'ann茅e pr茅c茅dente.
Apr猫s prise en compte de l'imp么t sur le revenu, Biglari Holdings a enregistr茅 une perte nette de 33 275 000 $ pour le premier trimestre 2025, contre un b茅n茅fice net de 22 579 000 $ au premier trimestre 2024. La soci茅t茅 souligne que les fluctuations trimestrielles des investissements ne doivent pas 锚tre consid茅r茅es comme significatives pour l'analyse et que les activit茅s op茅rationnelles doivent 锚tre 茅valu茅es ind茅pendamment de la performance des investissements.
Biglari Holdings Inc. (NYSE: BH.A; BH) hat seine Finanzergebnisse f眉r das erste Quartal 2025 ver枚ffentlicht. 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 H枚he von 51.177.000 $, im Vergleich zu Gewinnen von 23.698.000 $ im gleichen Zeitraum des Vorjahres.
Nach Ber眉cksichtigung der Einkommensteuern meldete Biglari Holdings f眉r 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 viertelj盲hrliche Schwankungen bei Investitionen f眉r die Analyse nicht aussagekr盲ftig sind und dass die operativen Gesch盲fte unabh盲ngig 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. 聽To become fully apprised of our results, shareholders should carefully study our 10-Q, which has been posted at .
(dollars in thousands) | |||
First Quarter | |||
2025 | 2024 | ||
Pre-tax operating earnings | $聽聽聽聽聽聽聽聽聽聽聽聽 9,994 | $聽聽聽聽聽聽聽聽聽聽 5,697 | |
Investment gains (losses) | (51,177) | 23,698 | |
Income taxes | 7,908 | (6,816) | |
Net earnings (loss) | $聽聽聽聽聽聽聽聽 (33,275) | $聽聽聽聽聽聽聽聽 22,579 | |
Analysis of Results:
Investments affect our reported quarterly earnings based on their carrying value.聽 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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