Boston Omaha Corporation Announces Full Year 2024 Financial Results
Boston Omaha (NYSE: BOC) has released its fiscal year 2024 financial results. The company reported a cash inflow from operations of $21.2 million, up from $16.1 million in 2023. Notable financial highlights include:
The company incurred $4.1 million in one-time costs related to former Co-CEO separation. Net Other Income included $29.1 million in investment income, primarily from a $17.0 million unrealized gain on Sky Harbour warrants and $7.8 million from real estate sales. However, this was partially offset by a $17.3 million loss from unconsolidated affiliates.
The company's book value per share decreased to $16.99 from $17.19 in 2023. During 2024, BOC repurchased 111,323 shares of Class A common stock for $1.6 million. As of December 31, 2024, the company had 30,832,026 Class A shares and 527,780 Class B shares outstanding.
Boston Omaha (NYSE: BOC) ha pubblicato i risultati finanziari per l'anno fiscale 2024. L'azienda ha riportato un afflusso di cassa dalle operazioni di 21,2 milioni di dollari, in aumento rispetto ai 16,1 milioni del 2023. I punti salienti finanziari includono:
L'azienda ha sostenuto 4,1 milioni di dollari in costi una tantum relativi alla separazione dell'ex Co-CEO. Il Reddito Netto Altro includeva 29,1 milioni di dollari di reddito da investimenti, principalmente da un guadagno non realizzato di 17,0 milioni di dollari sui warrant di Sky Harbour e 7,8 milioni di dollari dalle vendite immobiliari. Tuttavia, questo è stato parzialmente compensato da una perdita di 17,3 milioni di dollari da affiliate non consolidate.
Il valore contabile per azione dell'azienda è diminuito a 16,99 dollari rispetto ai 17,19 dollari del 2023. Durante il 2024, BOC ha riacquistato 111.323 azioni ordinarie di Classe A per 1,6 milioni di dollari. Al 31 dicembre 2024, l'azienda aveva 30.832.026 azioni di Classe A e 527.780 azioni di Classe B in circolazione.
Boston Omaha (NYSE: BOC) ha publicado sus resultados financieros del año fiscal 2024. La compañía reportó un flujo de efectivo de las operaciones de 21,2 millones de dólares, un aumento desde los 16,1 millones en 2023. Los aspectos financieros destacados incluyen:
La compañía incurrió en 4,1 millones de dólares en costos únicos relacionados con la separación del ex Co-CEO. Los Ingresos Netos Otros incluyeron 29,1 millones de dólares en ingresos por inversiones, principalmente de una ganancia no realizada de 17,0 millones de dólares en garantías de Sky Harbour y 7,8 millones de dólares por ventas de bienes raíces. Sin embargo, esto fue parcialmente compensado por una pérdida de 17,3 millones de dólares de afiliados no consolidados.
El valor contable por acción de la compañía disminuyó a 16,99 dólares desde 17,19 dólares en 2023. Durante 2024, BOC recompró 111.323 acciones ordinarias de Clase A por 1,6 millones de dólares. A 31 de diciembre de 2024, la compañía tenía 30.832.026 acciones de Clase A y 527.780 acciones de Clase B en circulación.
보스턴 오마하 (NYSE: BOC)가 2024 회계연도 재무 결과를 발표했습니다. 회사는 운영으로부터의 현금 유입이 2,120만 달러로, 2023년의 1,610만 달러에서 증가했다고 보고했습니다. 주요 재무 하이라이트는 다음과 같습니다:
회사는 전 공동 CEO의 분리에 따른 일회성 비용으로 410만 달러를 발생시켰습니다. 순 기타 수익에는 2900만 달러의 투자 수익이 포함되어 있으며, 주로 Sky Harbour 워런트에서의 1,700만 달러의 미실현 이익과 부동산 판매에서의 780만 달러에서 발생했습니다. 그러나 이는 비연결 계열사로부터의 1,730만 달러 손실로 부분적으로 상쇄되었습니다.
회사의 주당 장부 가치는 16.99달러로 2023년의 17.19달러에서 감소했습니다. 2024년 동안 BOC는 160만 달러에 111,323주의 A 클래스 보통주를 재매입했습니다. 2024년 12월 31일 현재, 회사는 30,832,026주의 A 클래스 주식과 527,780주의 B 클래스 주식을 보유하고 있었습니다.
Boston Omaha (NYSE: BOC) a publié ses résultats financiers pour l'exercice 2024. L'entreprise a rapporté un flux de trésorerie d'exploitation de 21,2 millions de dollars, en hausse par rapport à 16,1 millions de dollars en 2023. Les points forts financiers comprennent :
L'entreprise a engagé 4,1 millions de dollars de coûts uniques liés à la séparation de l'ancien co-CEO. Le Revenu Net Autre comprenait 29,1 millions de dollars de revenus d'investissement, principalement provenant d'un gain non réalisé de 17,0 millions de dollars sur des bons de souscription de Sky Harbour et de 7,8 millions de dollars provenant de ventes immobilières. Cependant, cela a été partiellement compensé par une perte de 17,3 millions de dollars provenant d'affiliés non consolidés.
La valeur comptable par action de l'entreprise a diminué à 16,99 dollars contre 17,19 dollars en 2023. Au cours de l'année 2024, BOC a racheté 111.323 actions ordinaires de classe A pour 1,6 million de dollars. Au 31 décembre 2024, l'entreprise comptait 30.832.026 actions de classe A et 527.780 actions de classe B en circulation.
Boston Omaha (NYSE: BOC) hat seine Finanzresultate für das Geschäftsjahr 2024 veröffentlicht. Das Unternehmen berichtete von einem Cashflow aus dem operativen Geschäft von 21,2 Millionen Dollar, ein Anstieg von 16,1 Millionen Dollar im Jahr 2023. Zu den bemerkenswerten finanziellen Highlights gehören:
Das Unternehmen hatte 4,1 Millionen Dollar an einmaligen Kosten im Zusammenhang mit der Trennung des ehemaligen Co-CEOs. Das Netto andere Einkommen umfasste 29,1 Millionen Dollar an Anlageerträgen, hauptsächlich aus einem nicht realisierten Gewinn von 17,0 Millionen Dollar auf Sky Harbour-Warrants und 7,8 Millionen Dollar aus Immobilienverkäufen. Dies wurde jedoch teilweise durch einen Verlust von 17,3 Millionen Dollar aus nicht konsolidierten Tochtergesellschaften ausgeglichen.
Der Buchwert pro Aktie des Unternehmens sank auf 16,99 Dollar von 17,19 Dollar im Jahr 2023. Im Jahr 2024 kaufte BOC 111.323 Aktien der Klasse A für 1,6 Millionen Dollar zurück. Zum 31. Dezember 2024 hatte das Unternehmen 30.832.026 ausgegebene Aktien der Klasse A und 527.780 Aktien der Klasse B.
- Operating cash flow increased 31.7% to $21.2 million
- Investment income of $29.1 million, including $17.0 million gain on Sky Harbour warrants
- Real estate sales generated $7.8 million in investment income
- $17.3 million loss from unconsolidated affiliates
- Book value per share declined from $17.19 to $16.99
- $4.1 million one-time costs for CEO separation
Insights
Boston Omaha's 2024 results reveal mixed financial performance with some notable bright spots. The operating cash flow showed solid improvement at
However, book value per share declined slightly to
The
The company returned capital to shareholders through stock repurchases, buying back 111,323 shares for
We show summary financial data below for fiscal 2024 and 2023. Our Annual Report on Form 10-K can be found at www.bostonomaha.com. A supplemental presentation providing additional financial information for fiscal 2024 can be found on our investor relations website at https://investor.bostonomaha.com. We believe that it’s important for shareholders to read the supplemental presentation as, in management’s opinion, it provides additional information on business metrics we use in gauging the performance of each of our three principal business units and investments.
| For the Years Ended | |||||||
| December 31, | |||||||
|
2024 |
|
|
2023 |
|
||
| Billboard Rentals, Net | $ |
45,153,076 |
|
$ |
42,940,369 |
|
|
| Broadband Services |
|
39,098,228 |
|
|
35,340,502 |
|
|
| Premiums Earned |
|
19,759,540 |
|
|
13,932,659 |
|
|
| Insurance Commissions |
|
1,962,692 |
|
|
1,884,007 |
|
|
| Investment and Other Income |
|
2,301,365 |
|
|
2,156,199 |
|
|
| Total Revenues |
|
108,274,901 |
|
|
96,253,736 |
|
|
| Depreciation and Amortization Expense |
|
22,179,699 |
|
|
19,565,035 |
|
|
| Net Loss from Operations |
|
(8,467,478 |
) |
|
(8,852,403 |
) |
|
| Net Other Income (Expense) |
|
11,564,072 |
|
|
(294,060 |
) |
|
| Net Loss Attributable to Common Stockholders | $ |
(1,292,450 |
) |
$ |
(7,004,009 |
) |
|
| Basic and Diluted Net Loss per Share | $ |
(0.04 |
) |
$ |
(0.23 |
) |
|
| December 31, | December 31, | ||||||
|
2024 |
|
|
2023 |
|
||
| Total Unrestricted Cash & Investments (1) | $ |
41,659,941 |
|
$ |
71,269,580 |
|
|
| Total Assets |
|
728,345,729 |
|
|
768,207,092 |
|
|
| Total Liabilities |
|
165,626,276 |
|
|
151,754,831 |
|
|
| Redeemable Noncontrolling Interest |
|
- |
|
|
15,638,013 |
|
|
| Total Boston Omaha Stockholders' Equity |
|
532,819,509 |
|
|
538,207,426 |
|
|
| Noncontrolling Interests (2) |
|
29,899,944 |
|
|
62,606,822 |
|
|
| Total Equity | $ |
562,719,453 |
|
$ |
600,814,248 |
|
|
(1) Investments consist of |
|||||||
| (2) Noncontrolling interests are primarily related to third party capital raised within our build for rent fund as well as within our 24th Street commercial real estate funds. | |||||||
During fiscal 2024, we incurred
During fiscal 2024, “Net Other Income (Expense)” included
Our investment in Sky Harbour Class A common stock and warrants was valued at
Cash inflow from operations for the year ended December 31, 2024 was
During fiscal 2024, we repurchased 111,323 shares of our Class A common stock on the open market for a total cost of
Our book value per share was
As of December 31, 2024, we had 30,832,026 shares of Class A common stock and 527,780 shares of Class B common stock outstanding.
As of March 27, 2025, we had 30,872,876 shares of Class A common stock and 580,558 shares of Class B common stock outstanding.
About Boston Omaha Corporation
Boston Omaha Corporation is a public holding company with four majority owned businesses engaged in outdoor advertising, broadband telecommunications services, surety insurance and asset management.
Forward-Looking Statements
Any statements in this press release about the Company’s future expectations, plans and prospects, including statements about our financing strategy, future operations, future financial position and results, market growth, total revenue, as well as other statements containing the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” and similar expressions, constitute forward-looking statements within the meaning of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the Company’s forward-looking statements, and you should not place undue reliance on the Company’s forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements the Company makes as a result of a variety of risks and uncertainties, including risks related to the Company’s estimates regarding the potential market opportunity for the Company’s current and future products and services, the competitive nature of the industries in which we conduct our business, general business and economic conditions, our ability to acquire suitable businesses, our ability to successfully integrate acquired businesses, the effect of a loss of, or financial distress of, any reinsurance company which reinsures the Company’s insurance operations, the risks associated with our investments in both publicly traded securities and privately held businesses, our history of losses and ability to maintain profitability in the future,
the Company’s expectations regarding the Company’s sales, expenses, gross margins and other results of operations, and the other risks and uncertainties described in the “Risk Factors” sections of the Company’s public filings with the Securities and Exchange Commission (the “SEC”) on Form 10-K for the year ended December 31, 2024, as well as other risks and uncertainties which may be described in any subsequent quarterly report on Form 10-Q filed by the Company, and the other reports the Company files with the SEC. Copies of our SEC filings are available on our website at www.bostonomaha.com. In addition, the forward-looking statements included in this press release represent the Company’s views as of the date hereof. The Company anticipates that general economic conditions and subsequent events and developments may cause the Company’s views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.
Our investor relations website, https://investor.bostonomaha.com, serves as a comprehensive resource for investors. We strongly encourage its use for easy access to information about the Company. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information, and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250328889110/en/
Boston Omaha Corporation
Josh Weisenburger, 402-210-2633
contact@bostonomaha.com
Source: Boston Omaha Corporation
FAQ
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