tiprankstipranks
Bri-Chem Faces Challenging Quarter with Sales Decline
Company Announcements

Bri-Chem Faces Challenging Quarter with Sales Decline

Story Highlights

Bri-Chem (TSE:BRY) has released an update.

Don't Miss Our Christmas Offers:

Bri-Chem Corp., a leader in the North American oilfield chemical market, reported a 24% decrease in consolidated sales for Q2 2024 due to a downturn in U.S. drilling activities. The company also experienced a substantial decrease in gross margin and adjusted EBITDA, alongside an adjusted net loss per diluted share, reflecting a challenging quarter.

For further insights into TSE:BRY stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskBri-Chem Renews $37.5M Credit Facilities with CIBC
TipRanks Canadian Auto-Generated NewsdeskBri-Chem Corp Shares Begin Trading on U.S. OTCQB
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App