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Boston Omaha Q3 loss narrows on affiliate income, Sky Harbour share sale gains

Boston Omaha Q3 loss narrows on affiliate income, Sky Harbour share sale gains


Overview

  • U.S. holding company's Q3 revenue rose 1% yr/yr, net loss narrowed

  • Company expanded share repurchase program to $85 mln from $30 mln

  • Q3 results impacted by investment losses and interest expense, partly offset by affiliate income and asset sales


Outlook

  • Boston Omaha expands share repurchase program to $85 mln, expiring Dec 31, 2027

  • Company says share repurchases may depend on market conditions, share price, and availability

  • Company did not provide specific financial guidance for future revenue or earnings


Result Drivers

  • INVESTMENT LOSSES - Co said Q3 results were impacted by $5 mln in losses from changes in fair value of assets in 24th Street and BFR funds and a $2.2 mln unrealized loss on Sky Harbour warrants

  • AFFILIATE INCOME AND ASSET SALES - Q3 investment losses were partly offset by $2.6 mln in income from unconsolidated affiliates and a $1.4 mln realized gain from the sale of Sky Harbour shares

  • INTEREST EXPENSE - Q3 results included $0.6 mln in interest expense


Company press release: ID:nBw205ZLFa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Loss Per Share

$0.01


Reuters Recommended Reads

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  • Nov 12 - Nakamoto Q3 net income rises on bitcoin price gains

  • Nov 12 - Brookfield Q3 revenue rises 9%, EPS climbs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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