BBX Capital, Inc. Reports Financial Results For the Third Quarter of 2024
BBX Capital (OTCQX: BBXIA) reported its Q3 2024 financial results, showing a decline in performance compared to Q3 2023. Total consolidated revenues decreased to $78.4 million from $103.3 million. The company reported a loss before income taxes of $(12.7) million, wider than the $(7.1) million loss in the previous year. Net loss attributable to shareholders increased to $(9.9) million, with diluted loss per share of $(0.74). The balance sheet shows $93.4 million in cash and cash equivalents, total assets of $642.1 million, and shareholders' equity of $278.1 million, with a fully diluted book value per share of $19.39.
BBX Capital (OTCQX: BBXIA) ha riportato i risultati finanziari del terzo trimestre 2024, mostrando un calo delle performance rispetto al terzo trimestre 2023. Le entrate consolidate totali sono diminuite a 78,4 milioni di dollari rispetto ai 103,3 milioni di dollari. L'azienda ha riportato una perdita prima delle imposte sul reddito di (12,7) milioni di dollari, più ampia rispetto alla perdita di (7,1) milioni di dollari dell'anno precedente. La perdita netta attribuibile agli azionisti è aumentata a (9,9) milioni di dollari, con una perdita per azione diluita di (0,74) dollari. Il bilancio mostra 93,4 milioni di dollari in contante e equivalenti, attivi totali di 642,1 milioni di dollari e un patrimonio netto degli azionisti di 278,1 milioni di dollari, con un valore contabile totalmente diluito per azione di 19,39 dollari.
BBX Capital (OTCQX: BBXIA) informó sus resultados financieros del tercer trimestre de 2024, mostrando una disminución en el rendimiento en comparación con el tercer trimestre de 2023. Los ingresos consolidados totales disminuyeron a 78,4 millones de dólares desde 103,3 millones de dólares. La compañía reportó una pérdida antes de impuestos sobre la renta de (12,7) millones de dólares, más amplia que la pérdida de (7,1) millones de dólares del año anterior. La pérdida neta atribuible a los accionistas aumentó a (9,9) millones de dólares, con una pérdida por acción diluida de (0,74) dólares. El balance muestra 93,4 millones de dólares en efectivo y equivalentes, activos totales de 642,1 millones de dólares y un patrimonio neto de los accionistas de 278,1 millones de dólares, con un valor contable totalmente diluido por acción de 19,39 dólares.
BBX Capital (OTCQX: BBXIA)는 2024년 3분기 재무 결과를 발표하며 2023년 3분기와 비교하여 성과가 감소했음을 보여주었습니다. 총 consolidated 수익은 1억 7840만 달러에서 1억 3300만 달러로 감소했습니다. 회사는 (1270만) 달러의 소득세 전 손실을 보고했으며, 이는 지난해 (710만) 달러의 손실보다 더 큰 수치입니다. 주주에게 귀속되는 순손실은 (990만) 달러로 증가했으며, 희석된 주당 손실은 (0.74) 달러입니다. 재무제표는 9340만 달러의 현금 및 현금성 자산, 총 자산 6억 4210만 달러, 주주 지분 2억 7810만 달러를 보여주며, 전량 희석 기준 주당 장부 가치는 19.39 달러입니다.
BBX Capital (OTCQX: BBXIA) a annoncé ses résultats financiers pour le troisième trimestre 2024, montrant une diminution de la performance par rapport au troisième trimestre 2023. Les revenus consolidés totaux ont diminué à 78,4 millions de dollars contre 103,3 millions de dollars. La société a signalé une perte avant impôts sur le revenu de (12,7) millions de dollars, plus importante que la perte de (7,1) millions de dollars de l'année précédente. La perte nette attribuable aux actionnaires a augmenté à (9,9) millions de dollars, avec une perte par action diluée de (0,74) dollar. Le bilan présente 93,4 millions de dollars en liquidités et équivalents, un total d'actifs de 642,1 millions de dollars et des capitaux propres des actionnaires de 278,1 millions de dollars, avec une valeur comptable entièrement diluée par action de 19,39 dollars.
BBX Capital (OTCQX: BBXIA) hat die finanziellen Ergebnisse für das 3. Quartal 2024 veröffentlicht, die einen Rückgang der Leistung im Vergleich zum 3. Quartal 2023 zeigen. Die gesamten konsolidierten Einnahmen sanken auf 78,4 Millionen US-Dollar von 103,3 Millionen US-Dollar. Das Unternehmen berichtete von einem Verlust vor Einkommenssteuern von (12,7) Millionen US-Dollar, was breiter ist als der Verlust von (7,1) Millionen US-Dollar im Vorjahr. Der den Aktionären zurechenbare Nettoverlust stieg auf (9,9) Millionen US-Dollar, mit einem verwässerten Verlust je Aktie von (0,74) US-Dollar. Die Bilanz zeigt 93,4 Millionen US-Dollar in liquiden Mitteln und liquiden Mitteln, Gesamtovermögen von 642,1 Millionen US-Dollar und das Eigenkapital der Aktionäre von 278,1 Millionen US-Dollar, mit einem vollständig verwässerten buchhalterischen Wert je Aktie von 19,39 US-Dollar.
- Strong cash position of $93.4 million
- Substantial total assets of $642.1 million
- Healthy shareholders' equity of $278.1 million
- Revenue declined 24% year-over-year to $78.4 million
- Loss before income taxes widened by 79% to $12.7 million
- Net loss increased to $9.9 million from $7.8 million
- Diluted loss per share increased to $0.74 from $0.55
Selected highlights of BBX Capital’s consolidated financial results include:
Third Quarter 2024 Compared to Third Quarter 2023 |
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Balance Sheet as of September 30, 2024 |
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(1) Fully diluted book value per share is shareholders’ equity divided by the number of BBX Capital’s Class A and Class B common shares and unvested restricted stock awards outstanding on September 30, 2024. |
Additional Information
For more complete and detailed information regarding BBX Capital and its financial results, business, operations, investments, and risks, please see BBX Capital’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which will be available on the SEC's website, https://www.sec.gov, and on BBX Capital’s website, www.BBXCapital.com, on November 12, 2024.
About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a
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BBX Capital, Inc. Contact Info:
Investor Relations Contact:
Leslie Martinez, Investor Relations
P: 954-940-5300
Email: investorrelations@BBXCapital.com
Media Relations Contact:
Kip Hunter, Kip Hunter Marketing
P: 954-303-5551
Email: kip@kiphuntermarketing.com
Source: BBX Capital, Inc.
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