Exhibit 99.1
BBX Capital, Inc. Reports Financial Results
FORT LAUDERDALE, Florida – November 12, 2024 -- BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) reported today its financial results for the third quarter ended September 30, 2024.
Selected highlights of BBX Capital’s consolidated financial results include:
Third Quarter 2024 Compared to Third Quarter 2023
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Total consolidated revenues of $78.4 million vs. $103.3 million |
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Loss before income taxes of $(12.7) million vs. $(7.1) million |
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Net loss attributable to shareholders of $(9.9) million vs. $(7.8) million |
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Balance Sheet as of September 30, 2024
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Cash and cash equivalents of $93.4 million (including $2.7 million held in variable interest entities) |
| ● | Securities available for sale of $8.3 million |
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Total consolidated assets of $642.1 million |
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Total shareholders' equity of $278.1 million |
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Fully diluted book value per share of $19.39 (1) |
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(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 September 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 September 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 November 12, 2024.
About BBX Capital, Inc.: BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) is a Florida-based diversified holding company whose principal holdings include Altman (f/k/a BBX Capital Real Estate), BBX Sweet Holdings, and Renin. For additional information, please visit www.BBXCapital.com.
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