Exhibit 99.1
BBX Capital, Inc. Reports Financial Results
For the Second Quarter of 2024
FORT LAUDERDALE, Florida – August 9, 2024 -- 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 |
● |
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.
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