Nelnet Reports Fourth Quarter 2023 Results
Nelnet, Inc. (NNI)
US:NYSE Investor Relations:
nelnet.com/investors
Company Research
Source: PR Newswire
LINCOLN, Neb., Feb. 27, 2024 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported a GAAP net loss of $8.6 million, or $0.23 per share, for the fourth quarter of 2023, compared with GAAP net income of $30.8 million, or $0.83 per share, for the same period a year ago.Excluding derivative market value adjustments1, the company's net loss was $1.3 million, or $0.04 per share, for the fourth quarter of 2023, compared with net income of $36.4 million, or $0.98 per share, for the same period in 2022.During the fourth quarter of 2023, the company recognized a net loss after taxes and noncontrolling interest from its Nelnet Renewable Energy division of $40.3 million (or $1.08 per share) that included operating losses and impairment charges related to its solar construction business and investment losses on tax equity investments. "Our commitment has always been dedicated to the creation of long-term value and making strategic decisions aimed at maximizing long-term cash flow," said Jeff Noordhoe
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News
- Nelnet to Announce First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Nelnet to Announce First Quarter ResultsPR Newswire
- Nelnet, Inc. (NYSE: NNI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Nelnet Renewable to discontinue residential solar operations and focus on commercial segment [Seeking Alpha]Seeking Alpha
- Nelnet Renewable Energy Sharpens Focus on Commercial Solar [Yahoo! Finance]Yahoo! Finance
NNI
Earnings
- 2/27/24 - Miss
NNI
Sec Filings
- 4/4/24 - Form ARS
- 4/4/24 - Form DEFA14A
- 4/4/24 - Form DEF
- NNI's page on the SEC website