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Brookfield Business Partners L.P.(BBU) - 2024 Q4 - Annual Report
2025-04-10 00:00
EXHIBIT 99.1 Brookfield Business Partners Reports 2024 Year End Results BROOKFIELD, News, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the year ended December 31, 2024. "Our business had another successful year in 2024. We generated over $2 billion from our capital recycling initiatives, acquired two market-leading operations and achieved solid financial results," said Anuj Ranjan, CEO of Brookfield Business Partner ...
Brookfield Business Partners Completes 2024 Annual Filings
Newsfilter· 2025-04-10 00:00
Core Points - Brookfield Business Partners L.P. has filed its 2024 annual report on Form 20-F, including audited financial statements for the year ended December 31, 2024, with the SEC and Canadian securities authorities [1] - The company focuses on owning and operating high-quality businesses that provide essential products and services, benefiting from a strong competitive position [2] - Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, which manages over $1 trillion in assets [3] Company Information - Investors can invest in Brookfield Business Partners either through the limited partnership (NYSE:BBU, TSX:BBU) or the corporation (NYSE, TSX:BBUC) [2] - Previous audited annual and unaudited quarterly reports have been filed and are available on the company's website [4]
Brookfield Business Partners L.P.(BBU) - 2024 Q4 - Annual Report
2025-04-09 22:31
Performance Metrics - The company evaluates its performance using net income attributable to unitholders and Adjusted EFO, with Adjusted EFO being a key measure for assessing performance and resource allocation decisions [26]. - Adjusted EBITDA is defined as net income and equity accounted income at the company's economic ownership interest, excluding various expenses, and is critical for assessing overall operating performance [27]. - The company emphasizes the importance of understanding and evaluating core underlying financial performance through non-IFRS measures [28]. Financial Reporting - The financial information is presented in United States dollars and prepared in accordance with IFRS, with all figures being unaudited unless otherwise indicated [24]. Forward-Looking Statements - Forward-looking statements include expectations regarding operations, financial condition, and performance, with potential risks that could cause actual results to differ materially [32]. - The company cautions that forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ significantly [38]. - The company undertakes no obligation to publicly update or revise forward-looking statements except as required by law [38]. Risks and Uncertainties - Factors that could impact future results include economic conditions, competition, integration of acquisitions, and changes in laws or policies [34]. - The company is subject to various risks including labor disruptions, litigation, and cybersecurity incidents that could affect its operations [34]. - The company is subject to significant operational and business risks, including reliance on third-party service providers and potential catastrophic events such as earthquakes and pandemics [36]. - The company may face significant liabilities and penalties due to compliance with federal, state, and foreign anti-corruption and trade sanctions laws [36]. - Future sales or issuances of securities could result in dilution of existing holders, potentially depressing the trading price of LP Units or BBUC exchangeable shares [36]. - There is a risk of conflicts of interest between the company and its unitholders, particularly in relation to Brookfield's influence [36]. - The company may become regulated as an investment company under the Investment Company Act, which could impose additional operational constraints [36]. - Changes in tax law and practice could impact the company's financial performance and obligations [36]. - The lack of unitholder voting rights on management decisions may limit their influence over the company's operations [36]. Strategic Actions - The company has a diversified portfolio, including interests in business services, infrastructure services, and industrial operations [22]. - The company utilizes a Master Services Agreement with affiliates to provide various services, enhancing operational efficiency [25]. - The company has previously engaged in strategic actions such as spin-offs and special distributions to optimize its capital structure [25].
Brookfield Business Corporation Completes 2024 Annual Filings
Newsfilter· 2025-04-01 01:20
BROOKFIELD, NEWS, March 31, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Corporation ((NYSE, TSX:BBUC) today announced that it has filed its 2024 annual report on Form 20-F, including its audited financial statements for the year ended December 31, 2024, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR+. These documents are also available on our website at https://bbu.brookfield.com/bbuc in the Reports & Filings section and a hard copy will be provided to shareholders free ...
Brookfield Business Partners to Host Fourth Quarter 2024 Results Conference Call
Newsfilter· 2025-01-03 21:30
Date: Friday, January 31, 2025 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Jan. 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Fourth Quarter 2024 Conference Call & Webcast on Friday, January 31, 2025 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, January 31, 2025 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call o ...
Is Brookfield Business Partners (BBU) Outperforming Other Business Services Stocks This Year?
ZACKS· 2024-12-03 15:45
Company Overview - Brookfield Business Partners L.P. (BBU) is a notable stock in the Business Services sector, which consists of 305 individual stocks and ranks 4 in the Zacks Sector Rank [2][4] - BBU currently holds a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperforming the market [3] Performance Metrics - Over the past 90 days, the Zacks Consensus Estimate for BBU's full-year earnings has increased by 20.3%, reflecting improved analyst sentiment [4] - Year-to-date, BBU has returned approximately 26.6%, outperforming the average gain of 25.3% for Business Services stocks [4] - In comparison, Klaviyo, Inc. (KVYO) has achieved a return of 34.2% since the beginning of the year, with a consensus EPS estimate increase of 343.8% over the past three months [5] Industry Context - BBU is part of the Business - Services industry, which includes 24 companies and currently ranks 75 in the Zacks Industry Rank; this industry has seen an average loss of 2.9% year-to-date [6] - In contrast, Klaviyo, Inc. belongs to the Technology Services industry, which has performed significantly better with a year-to-date increase of 55.1% and ranks 56 [6] Investment Outlook - Investors interested in Business Services stocks should monitor both Brookfield Business Partners L.P. and Klaviyo, Inc. for their continued strong performance [7]
Why Fast-paced Mover Brookfield Business Partners (BBU) Is a Great Choice for Value Investors
ZACKS· 2024-12-02 19:25
Core Viewpoint - Momentum investing focuses on "buying high and selling higher," contrasting with traditional strategies of "buying low and selling high" [1] Group 1: Momentum Investing Strategy - Momentum investing can be risky as stocks may lose momentum when their valuations exceed future growth potential [1] - A safer approach involves investing in bargain stocks that exhibit recent price momentum, identified through the Zacks Momentum Style Score [2] Group 2: Brookfield Business Partners L.P. (BBU) - BBU has shown a price increase of 17.9% over the past four weeks, indicating growing investor interest [3] - The stock gained 37.5% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe [4] - BBU has a beta of 1.48, suggesting it moves 48% higher than the market in either direction [4] - The stock has a Momentum Score of B, indicating a favorable time to invest [5] - BBU has a Zacks Rank 1 (Strong Buy) due to upward trends in earnings estimate revisions, which attract more investors [6] - The stock is trading at a Price-to-Sales ratio of 0.04, meaning investors pay only 4 cents for each dollar of sales, indicating a reasonable valuation [6] Group 3: Additional Investment Opportunities - Besides BBU, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens to help identify potential winning stock picks based on various investing styles [8]
Wall Street Analysts See a 25.04% Upside in Brookfield Business Partners (BBU): Can the Stock Really Move This High?
ZACKS· 2024-11-21 15:56
Brookfield Business Partners L.P. (BBU) closed the last trading session at $23.56, gaining 4.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $29.46 indicates a 25% upside potential.The average comprises six short-term price targets ranging from a low of $22.40 to a high of $35, with a standard deviation of $5.39. While the lowest estimate indicates a decline of 4.9% from the cur ...
Earnings Estimates Rising for Brookfield Business Partners (BBU): Will It Gain?
ZACKS· 2024-11-15 18:20
Brookfield Business Partners L.P. (BBU) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings est ...
Despite Fast-paced Momentum, Brookfield Business Partners (BBU) Is Still a Bargain Stock
ZACKS· 2024-11-13 14:50
Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for momentum stocks is challenging, as they may lose momentum if their valuations exceed future growth potential [1] - A safer investment strategy involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - Brookfield Business Partners L.P. (BBU) is highlighted as a strong candidate for momentum investing, with a recent price increase of 1% over the past four weeks [3] - BBU has demonstrated significant momentum, gaining 21% over the past 12 weeks, and has a beta of 1.45, indicating it moves 45% more than the market [4] - The stock has a Momentum Score of A, suggesting it is an opportune time to invest in BBU to leverage its momentum [5] Group 3 - BBU has received a Zacks Rank 1 (Strong Buy) due to upward revisions in earnings estimates, which typically attract more investors and drive prices higher [6] - The stock is currently trading at a low Price-to-Sales ratio of 0.04, meaning investors pay only 4 cents for each dollar of sales, indicating a favorable valuation [6] - BBU is positioned for continued growth, with potential for fast-paced returns [7] Group 4 - There are additional stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, suggesting further investment opportunities [7] - Zacks offers over 45 Premium Screens tailored to different investing styles, aiding in the identification of winning stock picks [8]