Biglari Holdings Q2 operating earnings down 18.5% to $10.0M; net income swings to $1.9M on investment gains

Biglari Holdings Inc.

Q2 pre-tax operating earnings $10.0M, down from $12.3M in Q2 2022 (-18.5%).
Net earnings attributable to shareholders: $1.9M in Q2 vs $(73.8M) loss a year ago, driven by investment gains.
First six months net earnings $66.8M vs $(74.1M) loss; investment gains of $69.1M drove the swing.
Company directs focus to operating earnings before investment gains, which it views as not meaningful due to volatility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Biglari Holdings Inc. reported second quarter and first six months ended June 30, 2023 results: net income $1,936.

Period: second quarter and first six months ended June 30, 2023
Net income: $1,936
Result: reported results

Exact text from the filing

Biglari Holdings Inc. announces its results for the second quarter and first six months of 2023.

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Biglari Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001726173-23-000038

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