Sector: Consumer Cyclicals | Industry: Restaurants & Bars |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 19100 RIDGEWOOD PKWY, SUITE 1200 SAN ANTONIO TX 78259 |
Tel: | N/A |
Website: | www.biglariholdings.com |
IR: | See website |
Key People | ||
Sardar Biglari Chairman of the Board, Chief Executive Officer | Philip L. Cooley Vice Chairman of the Board | Bruce Lewis Controller |
Business Overview |
Biglari Holdings Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities, including property and casualty insurance, licensing and media, restaurants, and oil and gas. The Company's restaurant operations are conducted through two subsidiaries: Steak n Shake Inc. (Steak n Shake) and Western Sizzlin Corporation (Western Sizzlin) for a combined 492 units. Its insurance activities are conducted through two insurance entities, First Guard Insurance Company and its affiliated agency, 1st Guard Corporation (First Guard), and Southern Pioneer Property & Casualty Insurance Company and its affiliated agency, Southern Pioneer Insurance Agency, Inc. (Southern Pioneer). Its insurance businesses provide insurance of property and casualty. The Company's oil and gas operations are conducted through two entities, Abraxas Petroleum Corporation (Abraxas Petroleum) and Southern Oil Company (Southern Oil). Abraxas Petroleum operates oil and natural gas wells. |
Financial Overview |
For the fiscal year ended 31 December 2023, Biglari Holdings Inc revenues decreased 1% to $365.3M. Net income totaled $54.9M vs. loss of $32M. Revenues reflect Southern Oil segment decrease of 62% to $17.5M, Maxim segment decrease of 54% to $2.1M. Net Income reflects Investment partnership gains increase from $76M (expense) to $19.4M (income), Investment gains (losses) increase from $3.4M (expense) to $2.2M (income). |
Employees: | 2,466 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $536.68M as of Dec 31, 2023 |
Annual revenue (TTM): | $365.32M as of Dec 31, 2023 |
EBITDA (TTM): | $78.35M as of Dec 31, 2023 |
Net annual income (TTM): | $54.95M as of Dec 31, 2023 |
Free cash flow (TTM): | $49.60M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,275,504 as of Feb 20, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |