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BBX Capital, Inc. Reports Second Quarter 2024 Financial Results

Posted on by Vaseline
BBX Capital, Inc. Reports Second Quarter 2024 Financial Results

FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–BBX Capital, Inc. (OTCQX: BBXIA) (PINK: BBXIB) (“BBX Capital” or the “Company”) today announced financial results for the second quarter ended June 30, 2024.

Some highlights of BBX Capital’s consolidated financial results include:

Second quarter 2024 compared to second quarter 2023

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Total consolidated revenue of $75.2 million vs. $106.8 million

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Pre-tax loss of $(12.2) million versus $(8.7) million

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Net loss attributable to shareholders of $(10.0) million versus $(8.0) million

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Diluted loss per share of ($0.74) versus ($0.56)

Balance sheet as of June 30, 2024

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Cash and cash equivalents of $116.0 million (including $3.8 million held in variable interest entities)

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Securities available for sale of $10.8 million

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Total consolidated assets of $645.7 million

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Total equity of $286.2 million

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Fully diluted book value per share of $19.96 (1)

(1)

The fully diluted book value per share is shareholders’ equity divided by the number of BBX Capital’s Class A and Class B ordinary shares and the number of unvested restricted stock awards outstanding as of June 30, 2024.

Additional information

For more complete and detailed information about BBX Capital and its financial results, business, operations, investments and risks, see BBX Capital’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, available on the SEC’s website at https://www.sec.gov and on BBX Capital’s website at www.BBXCapital.com as of 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 more information, visit www.BBXCapital.com.

Contacts

BBX Capital, Inc. Contact Information:

Investor Relations Contact:

Leslie Martinez, Investor Relations

Phone: 954-940-5300

Email address: [email protected]

Media Relations Contact:

Kip Hunter, Kip Hunter Marketing

Phone: 954-303-5551

Email address: [email protected]

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