Brookfield Business Partners ( (BBU) ) has released its Q4 earnings. Here is a breakdown of the information Brookfield Business Partners presented to its investors.
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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, as part of Brookfield Asset Management’s Private Equity Group.
Brookfield Business Partners reported its financial results for the year ended December 31, 2024, highlighting a challenging year with a net loss attributable to unitholders of $109 million compared to a net income of $1,405 million in 2023. Despite this, the company successfully generated over $2 billion from capital recycling initiatives and made strategic acquisitions.
The company reported an adjusted EBITDA of $2,565 million, an increase from $2,491 million in the previous year, driven by improved performance in its Industrials segment and tax benefits from its advanced energy storage operations. However, challenges in the Infrastructure Services and Business Services segments were noted, primarily due to cyber incidents and the impact of past asset sales.
Strategically, Brookfield Business Partners completed significant transactions, including the acquisition of Chemelex and the sale of its offshore oil services’ shuttle tanker operation. The company also launched a unit repurchase program, reflecting a commitment to capital allocation priorities.
Looking forward, the company remains focused on leveraging its strong balance sheet and liquidity to enhance the intrinsic value for its unitholders through strategic capital allocation and operational improvements.
