Boston Omaha Q3 loss narrows on affiliate income, Sky Harbour share sale gains
Reuters2026/11/13 21:27
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 |
|
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(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.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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