Welcome to our dedicated page for Brookfield Business Partners news (Ticker: BBU), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Partners stock.
Brookfield Business Partners LP (BBU) operates globally across business services, infrastructure, and industrial sectors, focusing on essential operations with sustainable competitive advantages. This page provides investors and stakeholders with direct access to official press releases, financial updates, and strategic developments.
Find timely updates on earnings reports, mergers & acquisitions, leadership changes, and operational milestones. Our curated collection ensures you stay informed about BBU's initiatives in critical markets worldwide, from North America to emerging economies.
Key areas covered include cost-efficiency improvements, infrastructure project developments, and portfolio diversification efforts. Bookmark this page for streamlined access to verified information supporting informed analysis of BBU's performance in complex industrial and service sectors.
Brookfield Business Partners (NYSE: BBU, TSX: BBU.UN) has announced the completion of its 2024 annual filings, including audited financial statements for the year ended December 31, 2024. The documents have been filed with the SEC on EDGAR and Canadian securities authorities on SEDAR+.
The company, a global business services and industrials organization focusing on essential products and services, offers investors flexibility through two investment vehicles: Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) and Brookfield Business (NYSE, TSX: BBUC). As the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, it operates under Brookfield Asset Management, which manages over $1 trillion in assets.
Brookfield Business Partners (NYSE: BBU; TSX: BBU.UN) has scheduled its First Quarter 2025 Conference Call & Webcast for Friday, May 2, 2025, at 10:00 a.m. ET. The company will release its Q1 2025 financial results prior to 8:00 a.m. ET on the same day.
Participants can join through a pre-registration conference call system that provides a unique PIN to bypass the operator queue, or via webcast. A replay of the webcast will be available on the company's website.
Brookfield Business Partners, a global business services and industrials company, offers investors flexibility to invest through either the partnership (BBU) or Brookfield Business (BBUC). The company operates as the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets.
Brookfield Asset Management and Brookfield Business Partners have completed the acquisition of Chemelex from nVent Electric Plc for $1.7 billion. Chemelex is a global leader in electric heat trace systems, specialized wiring systems that regulate pipe temperatures in industrial plants and commercial buildings. The company, which invented electric heat tracing in 1972, serves industrial, commercial, residential, energy, and infrastructure markets.
The acquisition was funded with approximately $830 million of equity, with Brookfield Business Partners investing $210 million for a 25% interest. The remaining funding came from institutional partners. Brookfield brings expertise in driving operational transformation in industrials and manufacturing businesses, with previous investments including Clarios, Westinghouse, and GrafTech.
Brookfield Business Partners (NYSE: BBU; TSX: BBU.UN) has announced its upcoming Fourth Quarter 2024 Conference Call & Webcast, scheduled for Friday, January 31, 2025, at 10:00 a.m. ET. The company will release its Q4 2024 results prior to 8:00 a.m. ET on the same day.
The company offers two participation options: a pre-registration conference call system that bypasses the operator queue and provides participants with a unique PIN, and a webcast option with online registration. A replay of the webcast will be available on the company's website.
Brookfield Business Partners operates as a global business services and industrials company, focusing on high-quality businesses providing essential products and services. Investors can choose to invest through either the partnership (BBU) or Brookfield Business (BBUC).
Brookfield Business Partners reported strong Q3 2024 financial results with net income of $301 million ($1.39 per unit) compared to a net loss of $44 million in Q3 2023. Adjusted EBITDA increased to $844 million from $655 million year-over-year. The company generated over $350 million from distributions and monetizations, including a significant sale of its offshore oil services operation. The Industrials segment showed notable growth with Adjusted EBITDA of $500 million, benefiting from a $296 million U.S. IRA benefit. The company ended the quarter with approximately $1.5 billion in corporate liquidity and declared a quarterly distribution of $0.0625 per unit.
Brookfield Business Partners has announced its Third Quarter 2024 Conference Call & Webcast, scheduled for Friday, November 8, 2024, at 10:00 a.m. (ET). The company will release its results prior to 8:00 a.m. (ET) on the same day, which will be available on their website. Participants can join via conference call or webcast, with pre-registration required for both options.
Brookfield Business Partners is a global business services and industrials company focusing on high-quality businesses providing essential products and services. Investors can invest through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) or Brookfield Business (NYSE, TSX: BBUC). The company is part of Brookfield Asset Management's Private Equity Group, a leading global alternative asset manager with approximately $1 trillion of assets under management.
Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) has announced the renewal of its normal course issuer bids for Units and Exchangeable Shares. The Toronto Stock Exchange has accepted notices for both. The company is authorized to purchase up to 3,714,088 Units and 3,647,722 Exchangeable Shares, representing 5% of the issued and outstanding securities. Purchases can commence on August 19, 2024, and will terminate on August 18, 2025, or earlier if completed before. The company believes this may represent an attractive use of funds when securities trade below their value. Purchases will be made through various trading systems, subject to daily limits and compliance with securities laws. Brookfield has entered into automatic repurchase plans to allow purchases during blackout periods.
Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) reported Q2 2024 results. Net loss attributable to unitholders was $20 million ($0.10 loss per unit), improving from a $48 million loss in Q2 2023. Adjusted EBITDA fell to $524 million from $606 million in the previous year. Segment-wise, Industrials saw improved Adjusted EBITDA at $213 million, while Business Services and Infrastructure Services declined to $182 million and $157 million, respectively. Strategic actions include debt refinancings and selling the Canadian aggregates production operation for $140 million. Additionally, liquidity stood at $1.6 billion, and a quarterly distribution of $0.0625 per unit was announced.
Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN) provided an update on restoring systems at CDK Global, its dealer software and technology services operation. On June 19, CDK detected unauthorized cyber activity and swiftly shut down systems, engaged third-party experts, and notified law enforcement. Substantially all customers have been brought back onto CDK's core dealer management system ahead of the U.S. July 4 holiday weekend. The company is working to restore other applications, including CRM and Services solutions. CDK is actively supporting its customers' sales and service efforts during this period. Brookfield does not expect this incident to materially impact its business. CDK, acquired by Brookfield in 2022, leads in providing software solutions to automotive dealers and has invested significantly in technology and product offerings.
Brookfield Business Partners (BBU) has announced its 2024 Second Quarter Conference Call and Webcast for investors and analysts.
The event is scheduled for August 2, 2024, at 10:00 a.m. (Eastern Time).
Results will be released earlier that day before 8:00 a.m. (Eastern Time) on their website.
Participants can join the conference call by pre-registering to obtain a dial-in number, passcode, and unique PIN, or join via webcast.
Brookfield Business Partners, a global business services and industrials company, is the flagship vehicle of Brookfield Asset Management’s Private Equity Group, which manages over $925 billion in assets.
