BBX Capital, Inc. Reports Financial Results For the Second Quarter of 2024
FORT LAUDERDALE, Fla.--(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.
View source 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
Source: BBX Capital, Inc.
Released August 9, 2024