BIGLARI HOLDINGS INC. NEWS RELEASE
Biglari Holdings Inc. (NYSE: BH.A; BH) has announced the publication of its 2024 Annual Report to shareholders, which is now accessible on their website www.biglariholdings.com. The report includes Chairman Sardar Biglari's annual letter to shareholders and details the company's financial performance for Q4 and full-year 2024-2023.
The company emphasizes that quarterly and annual investment fluctuations should not be considered meaningful indicators of performance. They recommend analyzing operating businesses separately from investment gains for a more accurate assessment of company performance.
Biglari Holdings Inc. (NYSE: BH.A; BH) ha annunciato la pubblicazione del suo Rapporto Annuale 2024 per gli azionisti, ora accessibile sul loro sito web www.biglariholdings.com. Il rapporto include la lettera annuale del Presidente Sardar Biglari agli azionisti e dettagli sulle performance finanziarie dell'azienda per il Q4 e l'intero anno 2024-2023.
L'azienda sottolinea che le fluttuazioni degli investimenti trimestrali e annuali non dovrebbero essere considerate indicatori significativi delle performance. Raccomandano di analizzare le attività operative separatamente dai guadagni degli investimenti per una valutazione più accurata delle performance aziendali.
Biglari Holdings Inc. (NYSE: BH.A; BH) ha anunciado la publicación de su Informe Anual 2024 para los accionistas, que ahora está disponible en su sitio web www.biglariholdings.com. El informe incluye la carta anual del Presidente Sardar Biglari a los accionistas y detalla el rendimiento financiero de la empresa para el cuarto trimestre y el año completo 2024-2023.
La empresa enfatiza que las fluctuaciones en las inversiones trimestrales y anuales no deben considerarse indicadores significativos de rendimiento. Recomiendan analizar los negocios operativos por separado de las ganancias de inversión para una evaluación más precisa del rendimiento de la empresa.
빅글라리 홀딩스 Inc. (NYSE: BH.A; BH)는 주주를 위한 2024 연례 보고서의 발행을 발표했으며, 이는 www.biglariholdings.com 웹사이트에서 확인할 수 있습니다. 이 보고서에는 사장 사르다르 빅글라리의 주주에게 보내는 연례 서한과 2024-2023년 전체 연도 및 4분기 동안의 회사 재무 성과에 대한 세부 정보가 포함되어 있습니다.
회사는 분기별 및 연간 투자 변동이 성과의 의미 있는 지표로 간주되어서는 안 된다고 강조합니다. 보다 정확한 회사 성과 평가를 위해 운영 비즈니스를 투자 수익과 별도로 분석할 것을 권장합니다.
Biglari Holdings Inc. (NYSE: BH.A; BH) a annoncé la publication de son Rapport Annuel 2024 aux actionnaires, qui est maintenant accessible sur leur site web www.biglariholdings.com. Le rapport comprend la lettre annuelle du Président Sardar Biglari aux actionnaires et détaille la performance financière de l'entreprise pour le quatrième trimestre et l'année complète 2024-2023.
L'entreprise souligne que les fluctuations trimestrielles et annuelles des investissements ne doivent pas être considérées comme des indicateurs significatifs de la performance. Ils recommandent d'analyser les activités opérationnelles séparément des gains d'investissement pour une évaluation plus précise de la performance de l'entreprise.
Biglari Holdings Inc. (NYSE: BH.A; BH) hat die Veröffentlichung seines Jahresberichts 2024 für die Aktionäre angekündigt, der jetzt auf ihrer Website www.biglariholdings.com verfügbar ist. Der Bericht enthält den jährlichen Brief des Vorsitzenden Sardar Biglari an die Aktionäre und beschreibt die finanzielle Leistung des Unternehmens für das vierte Quartal und das gesamte Jahr 2024-2023.
Das Unternehmen betont, dass vierteljährliche und jährliche Investitionsschwankungen nicht als bedeutende Leistungsindikatoren betrachtet werden sollten. Sie empfehlen, die operativen Geschäfte getrennt von den Investitionserträgen zu analysieren, um eine genauere Bewertung der Unternehmensleistung zu erhalten.
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Biglari Holdings Inc.'s earnings for the fourth quarter and full year of 2024 and 2023 are summarized below. To become fully apprised of our results, shareholders should carefully study our 10-K, which has been posted at www.biglariholdings.com.
(dollars in thousands) | |||||||
Fourth Quarter | Year Ended December 31, | ||||||
2024 | 2023 | 2024 | 2023 | ||||
Pre-tax operating earnings.................................................................................. | $ 3,896 | $ 3,812 | $ 32,569 | $ 43,196 | |||
Investment gains (losses)................................................................................... | (21,856) | 46,882 | (40,723) | 21,651 | |||
Income taxes and income attributable to noncontrolling interest............................. | 7,687 | (6,054) | 4,395 | (9,899) | |||
Net earnings (loss) attributable to Biglari Holdings shareholders............................. | $ (10,273) | $ 44,640 | $ (3,759) | $ 54,948 | |||
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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