Welcome to our dedicated page for Bri Chem news (Ticker: BRYFF), a resource for investors and traders seeking the latest updates and insights on Bri Chem stock.
Bri-Chem Corp. (BRYFF) provides essential oilfield chemical distribution and blending services across North America, serving energy sector operators with drilling fluid solutions. This page aggregates official company announcements and verified news to help stakeholders track operational developments and strategic initiatives.
Investors and industry professionals will find curated updates on earnings reports, supply chain expansions, and partnership agreements. Our repository includes filings related to financial performance, regulatory milestones, and market positioning efforts within the competitive oilfield chemicals sector.
Key coverage areas include quarterly financial disclosures, operational efficiency improvements, and leadership updates. All content is vetted for accuracy and relevance to support informed decision-making without speculative commentary.
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Bri-Chem Corp. (TSX: BRY) reported its Q4 2024 financial results, showing significant declines across key metrics. Consolidated sales fell 23% to $20.6 million compared to the same period in 2023, primarily due to decreased US drilling activity.
The company's performance was marked by several challenges: consolidated gross margin decreased by $1.6 million, Adjusted EBITDA declined by $3.1 million, and working capital dropped 72% to $4.5 million from $15.9 million in 2023. The company reported an adjusted net loss of $0.08 per diluted share, compared to earnings of $0.02 per share in Q4 2023.
By segment, US drilling fluids distribution sales decreased 26% to $12 million, Canadian drilling fluids distribution fell to $2 million, while Canadian blending and packaging showed a slight increase to $4.7 million. The company received a waiver from its lender on March 24, 2025, for a covenant breach related to term debt annual fixed charge coverage ratio.
Bri-Chem Corp reported Q3 2024 financial results showing significant declines. Sales decreased 18% to $22 million compared to $26.8 million in Q3 2023, primarily due to reduced US drilling activities. Adjusted EBITDA fell 44% to $587,000, while operating earnings dropped 80% to $234,000. The company reported an adjusted net loss of $549,000 ($0.02 per share) compared to a loss of $293,000 ($0.01 per share) in Q3 2023. Working capital decreased 14% to $13.7 million. The US drilling fluids division saw a 24% sales decline, while Canadian blending and packaging division increased sales by $682,000.
Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF), a leading North American oilfield chemical distribution and blending company, has announced the renewal of its senior credit facilities (ABL Facility) with the Canadian Imperial Bank of Commerce (CIBC). The renewed facility has a borrowing base of $37.5 million and is committed until April 30, 2026.
Key details of the ABL Facility include:
- Interest rates: Canadian prime rate plus 2% or CORRA and SOFR rate plus 2%
- Standby fee: 0.25% on unused amounts
- Security: General security agreement covering inventory and accounts receivable
The renewal also includes amendments to reduce professional fees associated with facility administration and an additional default provision related to the renegotiation of subordinated debt. Don Caron, Chairman & CEO, expressed appreciation for CIBC's continued support over the past decade.
Bri-Chem Corp (TSX: BRY) (OTCQB: BRYFF), a leading North American oilfield chemical distribution and blending company, has announced that its common shares have been accepted for listing on the U.S. OTCQB Venture Market. The company's shares have begun trading under the ticker symbol BRYFF, while continuing to trade on the TSX under the symbol BRY.
Don Caron, Chairman & CEO, expressed excitement about the OTCQB listing, stating that it will help increase Bri-Chem's visibility and allow for greater engagement with their U.S. investor base. This move aligns with the company's efforts to advance its market presence in both the United States and Canada.
