Biglari Holdings Q2 pre-tax operating earnings rise to $19.7M; net loss of $48.2M on investment losses

Biglari Holdings Inc.

Pre-tax operating earnings of $19.7M in Q2 2024 vs $10.0M in Q2 2023, up 96%.
Net loss attributable to shareholders of $48.2M in Q2 2024 vs net income of $1.9M in prior year.
First six months 2024: net loss of $25.6M, compared to net income of $66.8M in 2023.
Investment losses of $82.6M in Q2 2024 drove net loss; management advises focusing on operating earnings.
First six months operating earnings of $25.4M vs $19.1M in 2023, up 33%.

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