NYSE$BH

Biglari Holdings Inc-B · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported results for the second quarter of 2020.

Biglari Holdings Inc. announced its results for the second quarter of 2020. The company advises shareholders to carefully study their 10-Q for a full understanding of the results.

  • Earnings are affected by investment carrying value.
  • Quarterly or annual investment fluctuations are not considered meaningful.
  • Operating businesses should be analyzed before investment gains.
  • The company owns subsidiaries in insurance, media, restaurants, and oil and gas.

Headline financials

Total Revenue

$96.5M

Previous: $168M-42.7%
EPS (adj)

$121.51

Previous: $63.50+91.4%
Capital Expenditures

-$10M

Previous: -$6.24M-60.9%
Free Cash Flow

$88.6M

Previous: -$14.5M+710.0%
Net Income

$42.5M

Previous: $22M+93.3%
Operating Income

$70.5M

Previous: $5.06M+1292.9%
Gross Profit

$45.7M

Previous: $36.6M+25.0%
Cash & Equivalents

$36.4M

Previous: $27.7M+31.7%
Total Assets

$989M

Previous: $1.15B-14.4%

Revenue & EPS history

Biglari Holdings · Revenue · Quarterly

$96.5M

Q2 2020-42.7%vs Q2 2019
Beat estimate in 4 of 11 quarters(36%)
ActualEstimate

Forward guidance

This news release contains forward-looking statements based on current expectations and subject to risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.8%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+3.2%

Avg return

30 days after

54%

33 / 61 earnings

Positive

+23.7%

Q4 2021

Best reaction

-14.0%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-16.3%
Q4 2025+0.8%-21.5%-14.2%
Q3 2025-8.6%-10.8%-12.0%
Q1 2025+0.1%+1.9%+13.0%
Q4 2024+0.8%+2.6%+11.5%
Q3 2024-3.0%+13.4%+27.7%
Q2 2024-8.4%-7.9%-10.4%
Q1 2024-3.2%+2.1%-6.6%
Q4 2023+7.0%+5.9%+22.8%
Q3 2023-2.5%-4.4%-2.7%
Q2 2023-4.1%-3.6%-8.4%
Q1 2023+1.0%-0.5%+15.6%
Q4 2022+4.6%+3.7%-5.6%
Q3 2022+2.0%+0.8%+4.2%
Q2 2022+5.3%+4.7%+0.9%
Q1 2022+1.1%-3.2%-5.0%
Q4 2021+23.7%+39.9%+25.4%
Q3 2021-1.8%-3.4%-14.5%
Q2 2021-0.6%+5.9%+3.7%
Q1 2021+11.8%+6.1%+18.8%
Q4 2020+16.3%+31.6%+13.3%
Q3 2020+15.8%+10.3%+41.8%
Q2 2020+16.9%+20.3%+34.2%
Q1 2020-5.3%-14.5%+43.3%
Q4 2019+2.6%-6.1%-62.0%
Q3 2019+11.4%+20.0%+35.1%
Q2 2019+3.3%+12.8%+1.0%
Q1 2019-14.0%-14.3%-32.9%
Q4 2018-0.2%-6.2%-3.7%
Q3 2018+0.3%-1.0%-3.8%
Q2 2018-2.3%+0.3%+6.5%
Q1 2018-2.6%+3.3%+5.2%
Q4 2017+0.4%-1.5%-3.3%
Q3 2017-6.8%-7.9%-7.0%
Q2 2017-8.9%-14.5%-17.4%
Q1 2017-3.5%-5.4%-9.8%
Q4 2016+1.1%-2.9%-5.5%
Q3 2016+1.6%+8.0%+10.7%
Q2 2016+1.3%+5.4%+11.6%
Q1 2016-0.9%
Q4 2015+0.2%
Q3 2015-1.3%
Q2 2015-1.0%
Q1 2015+0.1%
Q3 2014-2.4%
Q2 2014+0.6%
Q1 2014-3.5%
Q3 2013-0.9%
Q1 2013+1.1%
Q4 2012+3.5%
Q3 2012+2.0%
Q2 2012+0.7%
Q1 2012+3.7%
Q4 2011+1.8%
Q3 2011-6.4%
Q2 2011+1.8%
Q1 2011-0.1%
Q4 2010-1.3%
Q3 2010-0.4%
Q2 2010-5.9%
Q1 2010-0.2%

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