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Brookfield Business Partners L.P.Limited Partnership Units - BBU STOCK NEWS

Welcome to our dedicated page for Brookfield Business Partners L.P.Limited Partnership Units news (Ticker: BBU), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Partners L.P.Limited Partnership Units stock.

Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) is a global leader in business services and industrial operations. The company focuses on owning and operating high-quality businesses that provide essential products and services, benefiting from strong competitive positions. As the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, Brookfield Business Partners has a diverse portfolio catering to multiple industries, including business services, infrastructure services, and industrial sectors.

One of the company's core strengths lies in its diversified portfolio, which includes significant investments in the United Kingdom, United States, Europe, Australia, Canada, Brazil, Mexico, and various other countries. Through these investments, Brookfield Business Partners aims to create long-term value for its shareholders by operating businesses that are low-cost producers and benefit from high barriers to entry.

Recent achievements highlight Brookfield Business Partners' commitment to growth and innovation. For instance, the company is a key investor in Everise, a leading global healthcare services outsourcing company. This partnership is set to accelerate Everise's expansion and market reach, further solidifying Brookfield Business Partners' role in the healthcare sector. Additionally, the company's subsidiary, Clarios, has secured a significant supplier contract for its new high-performance AGM battery, which aims to reduce fuel consumption and CO2 emissions in vehicles.

Brookfield Business Partners is not just about financial growth; it also emphasizes sustainability and innovation. Their ongoing projects and investments are geared towards creating sustainable and efficient solutions across various industries. With a strong financial backbone supported by Brookfield Asset Management, the company is well-positioned to capitalize on emerging opportunities and deliver consistent performance.

For more information about Brookfield Business Partners and their latest updates, visit their official website at bbu.brookfield.com.

News

Brookfield Business Partners Reports Net Income of $1.4 Billion in the Quarter

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Brookfield Business Partners (BBU) achieved a successful 2023 with strong business performance, generating over $2 billion of proceeds from capital recycling initiatives. The net income attributable to Unitholders for the year ended December 31, 2023 was $1,405 million compared to $98 million in the prior year. Adjusted EBITDA for the same period was $2,491 million compared to $2,254 million in 2022. The Business Services segment generated Adjusted EBITDA of $900 million in 2023, compared to $641 million in 2022. The Industrials segment generated Adjusted EBITDA of $855 million in 2023, compared to $879 million in 2022. The Infrastructure Services segment generated Adjusted EBITDA of $853 million in 2023, compared to $872 million in 2022. The Adjusted EFO for the year ended December 31, 2023 reflected increased contribution from all three operating segments, and included $2,006 million in after-tax net gains primarily related to the sale of the nuclear technology services operation in the Infrastructure Services segment and the sale of public securities in the Industrials segment.
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EVERISE ANNOUNCES SUCCESSFUL CLOSURE OF INVESTMENT BY WARBURG PINCUS, JOINING BROOKFIELD FOR THE NEXT PHASE OF GROWTH

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Everise (Ticker: EVRSE) completes investment from Warburg Pincus, valuing the company at around $1 billion. The company has rapidly grown into one of the fastest-growing end-to-end customer experience solutions providers in the healthcare services outsourcing industry, with a workforce of 19,000 customer service agents spread out across eight markets. Everise plans to accelerate its growth trajectory with the support of Warburg Pincus and Brookfield, aiming to move up the healthcare value chain and expand its global footprint and workforce.
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Brookfield Business Partners L.P. 2023 Fourth Quarter Conference Call and Webcast for Investors and Analysts

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Brookfield Business Partners (BBU; BBU.UN) invites you to join its 2023 Fourth Quarter Conference Call & Webcast on Friday, February 2, 2024, at 10:00 a.m. (Eastern Time) to discuss the company's results and current business initiatives. Results will be released prior to 8:00 a.m. (Eastern Time) on the same day and will be available on the company's website. Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have the flexibility to invest in the company through Brookfield Business Corporation (NYSE, TSX: BBUC) or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN).
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Brookfield’s Private Equity Group Completes Sale of Westinghouse

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Brookfield Asset Management (BAM) and Brookfield Business Partners (BBU) complete the sale of Westinghouse Electric Company, generating approximately $1.4 billion in proceeds. The sale follows a five-year repositioning of Westinghouse to refocus the business, strengthen its organizational structure, and reinvest for future growth.
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Sale of Westinghouse Receives Regulatory Approval

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Brookfield Asset Management and Brookfield Business Partners have received all required regulatory approvals to close the sale of Westinghouse Electric Company to a consortium of Cameco Corporation and Brookfield Renewable Partners.
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Brookfield Business Partners Reports Third Quarter 2023 Results

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Brookfield Business Partners reported strong financial results for the third quarter of 2023, with record quarterly Adjusted EBITDA and an agreement to sell an interest in Everise at a valuation of 3.5x the original investment. The company is focused on progressing initiatives to support growth, including the imminent sale of Westinghouse.
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WARBURG PINCUS TO INVEST IN EVERISE AND PARTNER WITH BROOKFIELD FOR THE NEXT PHASE OF GROWTH

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Warburg Pincus to invest in Everise, valuing the company at around $1 billion. Both investors aim to accelerate growth through expansion and M&A. Transaction expected to close by end of 2023. Positive growth prospect in healthcare customer experience industry.
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Brookfield Business Partners L.P. 2023 Third Quarter Conference Call and Webcast for Investors and Analysts

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Brookfield Business Partners will be holding their 2023 Third Quarter Conference Call & Webcast on November 3, 2023 at 9:30 a.m. (Eastern Time). Results will be released prior to 8:00 a.m. (Eastern Time) and will be available on their website. Brookfield Business Partners is a global business services and industrials company focused on high-quality businesses. They offer flexibility for investors to invest either through Brookfield Business Corporation or Brookfield Business Partners. Brookfield Asset Management, their parent company, is a leading global alternative asset manager with approximately $850 billion of assets under management.
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Brookfield Business Partners Completes Filing of Recast Annual Financial Statements

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Brookfield Business Partners files recast audited consolidated financial statements in connection with adoption of IFRS 17, Insurance Contracts.
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Karthik Rao Named CEO of Nielsen

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Karthik Rao named CEO of Nielsen, David Kenny becomes Executive Chairman
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FAQ

What is the current stock price of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?

The current stock price of Brookfield Business Partners L.P.Limited Partnership Units (BBU) is $22.65 as of December 20, 2024.

What is the market cap of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?

The market cap of Brookfield Business Partners L.P.Limited Partnership Units (BBU) is approximately 1.7B.

What does Brookfield Business Partners L.P. do?

Brookfield Business Partners L.P. is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services.

Where does Brookfield Business Partners operate?

The company operates in various regions including the United Kingdom, United States, Europe, Australia, Canada, Brazil, Mexico, and other countries.

What are the main segments of Brookfield Business Partners?

The main segments include Business Services, Infrastructure Services, Industrials, and Corporate and other.

What is the company's ticker symbol?

The ticker symbols are NYSE: BBU and TSX: BBU.UN.

Who are some notable partners of Brookfield Business Partners?

Notable partners include Everise, a leading global healthcare services outsourcing company, and Clarios, a producer of advanced energy storage solutions.

What is the role of Brookfield Asset Management in relation to Brookfield Business Partners?

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group.

How does Brookfield Business Partners contribute to sustainability?

The company focuses on creating sustainable and efficient solutions across various industries, emphasizing long-term value creation.

What recent achievements has Brookfield Business Partners made?

Recent achievements include significant investments in Everise and securing a major supplier contract for Clarios' new AGM battery.

Where can I find more information about Brookfield Business Partners?

More information can be found on their official website: https://bbu.brookfield.com.

How does Brookfield Business Partners ensure long-term value for shareholders?

By operating businesses that are low-cost producers with high barriers to entry and focusing on essential products and services, Brookfield Business Partners aims to create long-term value for its shareholders.

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Brookfield Business Partners L.P.Limited Partnership Units

NYSE:BBU

BBU Rankings

#2104 Ranked by Market Cap
#1771 Ranked by Dividends

BBU Stock Data

1.66B
71.34M
3.96%
79.24%
0.1%
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