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Brookfield Business Partners LP (TSE:BBU.UN)
TSX:BBU.UN
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Earnings Data
Report Date
Jan 31, 2025Before Open Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
C$0.18Last Year’s EPS
C$8.84Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: -2.05%
|Next Earnings Date:Jan 31, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in adjusted EBITDA and successful strategic acquisitions and monetizations. Although there were challenges in certain segments like healthcare and lottery services, the overall sentiment was positive, owing to strategic positioning, market trends, and robust financial outcomes.Company Guidance
During the Brookfield Business Partners' Q3 2024 earnings call, the company provided detailed guidance on its financial and operational performance. The adjusted EBITDA increased to $844 million, significantly bolstered by credits under the U.S. Inflation Reduction Act, indicating strong financial health. The firm successfully closed the acquisition of Network International, aiming to merge it with Magnati to dominate the digital payments sector in the Middle East. On capital recycling, they reported over $350 million from distributions and monetizations, including a notable sale of Altera's shuttle tanker operations for $1.9 billion, with Brookfield's share of the proceeds expected to be $265 million. Since its launch, Brookfield Business Partners has invested around $9 billion, realizing $6 billion in proceeds from selling 20 businesses, achieving a 3x capital multiple and a 30% IRR, underscoring a robust investment strategy. Future outlooks remain optimistic, with plans to capitalize on existing high-quality operations and the expectation of enhanced trading performance as market conditions improve.Strong Financial Performance
Adjusted EBITDA increased to $844 million in Q3 2024, up from $655 million the previous year, driven by production credits from the U.S. Inflation Reduction Act.
Successful Acquisitions and Monetizations
Completed acquisition of Network International and plans to combine with Magnati to form a leading digital payments business in the Middle East. Generated over $350 million from distributions and monetizations, including the sale of Altera's shuttle tanker operations.
Positive Market Trends
Brookfield Business Partners have realized over $6 billion from the sale of 20 businesses, delivering a 3x multiple of capital and generating an IRR of approximately 30%.
Strategic Positioning for Growth
Half of the businesses owned were acquired in the past 3 years, indicating room for growth. The trading price has increased nearly 70% since last year.
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Brookfield Business Partners (TSE:BBU.UN) Earnings, Revenues Date & History
TSE:BBU.UN 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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TSE:BBU.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$33.28 | C$34.92 | +4.92% |
| Aug 02, 2024 | C$28.41 | C$27.28 | -3.96% |
| May 03, 2024 | C$25.67 | C$25.67 | 0.00% |
| Feb 02, 2024 | C$29.43 | C$30.67 | +4.20% |
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 Brookfield Business Partners LP (TSE:BBU.UN) report earnings?
Brookfield Business Partners LP (TSE:BBU.UN) is schdueled to report earning on Jan 31, 2025, Before Open Not Confirmed.
What is Brookfield Business Partners LP (TSE:BBU.UN) earnings time?
Brookfield Business Partners LP (TSE:BBU.UN) earnings time is at Jan 31, 2025, Before Open 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 TSE:BBU.UN EPS forecast?
TSE:BBU.UN EPS forecast for the fiscal quarter 2024 (Q4) is C$0.18.
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