Welcome to our dedicated page for BRKMY news (Ticker: BRKMY), a resource for investors and traders seeking the latest updates and insights on BRKMY stock.
Braskem SA (BRKMY) is a global leader in petrochemical production, manufacturing essential chemicals, polyolefins, and vinyls for industrial markets worldwide. This dedicated news hub provides investors and industry professionals with timely updates on corporate developments shaping the chemical manufacturing sector.
Access authoritative information on Braskem's financial performance, strategic initiatives, and operational milestones. Our curated collection includes earnings announcements, merger & acquisition activity, sustainability efforts, and regulatory updates – all vital for understanding the company's position in the evolving petrochemical landscape.
Key updates cover production innovations, international expansion efforts, and market-specific developments across Braskem's operational regions in Brazil, the United States, and Europe. Bookmark this page for streamlined access to press releases and third-party analyses that matter to stakeholders in advanced materials and industrial chemistry.
Braskem (NYSE: BAK), the Americas' largest resin producer and global biopolymers leader, reported strong financial results for Q3 2024. The company achieved a Recurring EBITDA of US$432 million, marking a 35% increase from Q2 2024 and a 130% rise from Q3 2023. The company maintained a robust cash position of US$2.4 billion, providing coverage for debt maturities over the next 52 months. Operating Cash Generation improved to US$75 million (R$416 million), showing an increase from the previous quarter.
Braskem S.A. (BAK, BRKMY) has filed its Annual Report on Form 20-F for the year ending December 31, 2020, with the U.S. Securities and Exchange Commission. The report is accessible on Braskem's Investor Relations website. Shareholders can request free copies of the audited financial statements included in the 2020 Form 20-F. For additional inquiries, Braskem's Investor Relations Department can be contacted via phone or email.
Braskem S.A. (BAK, BRKMY) reported strong financial results for 1Q21, with a recurring Operating Result of US$1,266 million, up 52% from 4Q20, driven by improved spreads for PE, PP, and chemicals across key markets. The net profit surged to R$2,494 million, marking a 195% increase from the previous quarter. Free cash flow was also positive at R$1,766 million. The company reduced its leverage ratio to 1.80x, down 39% from 4Q20. Additionally, Braskem partnered with A.P. Moller – Maersk for logistics services in Asia, enhancing its market access.
Braskem S.A. (BAK) has reported significant financial results for 4Q20 and the full year 2020. The recurring Operating Result reached US$833 million, a 22% increase from 3Q20 and 246% from 4Q19, driven by improved spreads in key markets. However, the company experienced a net loss of R$6,692 million due to geological event provisions. Notably, Braskem generated positive net cash of R$1,276 million in 2020. Operationally, the accident frequency rate improved significantly, and new agreements with Petrobras for feedstock supply were concluded.
