BBX Capital, Inc. Reports Financial Results For the Second Quarter of 2024
09 Agosto 2024 - 3:15PM
Business Wire
BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or
the “Company”) reported today its financial results for the second
quarter ended June 30, 2024.
Selected highlights of BBX Capital’s consolidated financial
results include:
Second Quarter 2024 Compared to Second
Quarter 2023
●
Total consolidated revenues of
$75.2 million vs. $106.8 million
●
Loss before income taxes of
$(12.2) million vs. $(8.7) million
●
Net loss attributable to
shareholders of $(10.0) million vs. $(8.0) million
●
Diluted loss per share of ($0.74)
vs. ($0.56)
Balance Sheet as of June 30, 2024
●
Cash and cash equivalents of
$116.0 million (including $3.8 million held in variable interest
entities)
●
Securities available for sale of
$10.8 million
●
Total consolidated assets of
$645.7 million
●
Total shareholders' equity of
$286.2 million
●
Fully diluted book value per
share of $19.96 (1)
(1)
Fully diluted book value per
share is shareholders’ equity divided by the number of BBX
Capital’s Class A and Class B common shares and unvested restricted
stock awards outstanding on June 30, 2024.
Additional Information
For more complete and detailed information regarding BBX Capital
and its financial results, business, operations, investments, and
risks, please see BBX Capital’s Quarterly Report on Form 10-Q for
the quarter ended June 30, 2024, which will be available on the
SEC's website, https://www.sec.gov, and on BBX Capital’s website,
www.BBXCapital.com on August 9, 2024.
About BBX Capital, Inc.: BBX
Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based
diversified holding company whose principal holdings include BBX
Capital Real Estate, BBX Sweet Holdings, and Renin. For additional
information, please visit www.BBXCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240809337127/en/
BBX Capital, Inc. Contact
Info:
Investor Relations Contact: Leslie
Martinez, Investor Relations P: 954-940-5300 Email:
investorrelations@BBXCapital.com
Media Relations Contact: Kip
Hunter, Kip Hunter Marketing P: 954-303-5551 Email:
kip@kiphuntermarketing.com