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Braskem SA (BAK)
NYSE:BAK
Holding BAK?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.42Last Year’s EPS
-$0.77Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -34.37%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong financial performance and strategic advancements, particularly in recurring EBITDA growth and innovation in bio-based products. However, challenges remain with significant provisions related to Alagoas, operational difficulties in Mexico, and expected declines in Q4 spreads and volumes. The company is well-positioned financially but must navigate these operational and market challenges.Company Guidance
During the Braskem Q3 2024 earnings call, the company reported a robust performance with a recurring EBITDA of $432 million, marking a 35% increase from the previous quarter and a 130% increase year-over-year. Operating cash generation was $75 million, while the company maintained a substantial cash position of $2.4 billion, covering debt maturities for the next 52 months. The leverage ratio reduced to 5.76x, reflecting improved financial health. The utilization rate for green ethylene reached an impressive 95%, and the Brazil segment saw a sales volume increase of 6%, largely driven by higher demand in the hygiene, cleaning, and civil construction sectors. The Mexico segment faced a 5% reduction in utilization due to supply chain issues but still reported a 44% increase in recurring EBITDA to $80 million. The company highlighted strategic initiatives, including a new ethane import terminal in Mexico and progress on green ethylene projects, underscoring its commitment to sustainability and resilience.Record Recurring EBITDA Growth
Recurring EBITDA reached $432 million in Q3 2024, a 35% increase from Q2 2024, and a 130% increase compared to Q3 2023.
Significant Debt Management
Braskem's cash position was $2.4 billion with a corporate debt profile having an average maturity of 11 years and more than 65% maturing after 2030.
Green Ethylene Utilization Growth
Green ethylene utilization rate increased to 95%, a 60 percentage point rise compared to Q2 2024.
Innovative Expansion in Bio-based Products
Inauguration of the Center for Innovation in renewables in the US and progress in the construction of a green ethane plant in Thailand.
Defensive Measures for Brazilian Industry
Approval of a temporary increase in import tariffs for chemical products in Brazil, from 12.6% to 20%.
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BAK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BAK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $6.11 | $5.82 | -4.75% |
| Aug 08, 2024 | $5.91 | $6.19 | +4.74% |
| May 09, 2024 | $7.75 | $7.41 | -4.39% |
| Mar 18, 2024 | $8.59 | $8.99 | +4.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Braskem SA (BAK) report earnings?
Braskem SA (BAK) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Braskem SA (BAK) earnings time?
Braskem SA (BAK) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BAK EPS forecast?
BAK EPS forecast for the fiscal quarter 2024 (Q4) is -$0.42.
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