---
schema_version: "secwatch.filing_event.v1"
accession: "0001726173-24-000028"
form_type: "8-K"
ticker: "BH-A"
cik: "0001726173"
company_name: "Biglari Holdings Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:58:31.241408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Biglari Holdings Q1 net earnings fall to $22.6M from $64.9M YoY; operating earnings drop to $5.7M

## Summary
- Pre-tax operating earnings of $5.7M, down from $9.0M in Q1 2023.
- Investment gains of $23.7M, compared to $76.2M in prior-year quarter.
- Net earnings attributable to shareholders of $22.6M, a 65% decline YoY.
- Income taxes and noncontrolling interest totaled $6.8M.
- Company advises shareholders to review 10-Q for full details.

## SEC filing metadata
- accession: 0001726173-24-000028
- form_type: 8-K
- ticker: BH-A
- cik: 0001726173
- company_name: Biglari Holdings Inc.
- filed_at: 2024-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1726173/000172617324000028/0001726173-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1726173/000172617324000028/bh-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001726173-24-000028
- JSON: https://secwatch.observer/filing/0001726173-24-000028.json
- Plain text: https://secwatch.observer/filing/0001726173-24-000028.txt

## Key facts
- Earnings Releases
  Biglari Holdings Inc. reported the first quarter of 2024 results: net income $ 22,579.
  - Period: the first quarter of 2024
  - Net income: $ 22,579
  - Result: reported results
  source text: On May 10, 2024 , Biglari Holdings Inc. (the "Company") issued a press release announcing its financial results for its first quarter, which ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1726173/000172617324000028/0001726173-24-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.