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An update from Brookfield Business Partners ( ($TSE:BBU.UN) ) is now available.
On January 31, 2025, Brookfield Business Partners reported financial results for the year ended December 31, 2024, showcasing a successful year with over $2 billion generated from capital recycling initiatives and the acquisition of two market-leading operations. Despite a net loss attributed to unitholders due to non-cash expenses and provisions, the company achieved an improved Adjusted EBITDA of $2,565 million, driven by strong performance in the Industrials segment and tax benefits at the advanced energy storage operation. The company’s strategic initiatives, including the acquisition of Chemelex and the sale of the offshore oil services’ shuttle tanker operation, further enhance its liquidity and capital allocation priorities aimed at increasing shareholder value.
More about Brookfield Business Partners
Brookfield Business Partners is a global business services and industrial services company engaged in various sectors including advanced energy storage, offshore oil services, and infrastructure services. The company focuses on enhancing intrinsic value for its stakeholders through strategic acquisitions, capital recycling, and operational improvements.
YTD Price Performance: -8.27%
Average Trading Volume: 18,504
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.6B
Learn more about BBU.UN stock on TipRanks’ Stock Analysis page.
