Brookfield Asst Stock Price, News & Analysis

Brookfield reported strong Q2 2022 results, with $1.5 billion net income and $1.2 billion cash flow. The firm now has $111 billion in available capital for investments, boosted by $21 billion in asset sales, generating $5 billion in gains. Distributable earnings before realizations increased by 26% to $1.0 billion. The board declared a quarterly dividend of $0.14 per share. Record fundraising reached $56 billion, affirming strong investor confidence. The firm is on track for shareholder distributions by year-end.

GrafTech International Ltd. (NYSE: EAF) reported strong financial results for Q2 2022, achieving a net income of $115 million, or $0.44 per share. Sales increased by 10% year-over-year to $364 million, although sales volume decreased by 1% to 42,000 metric tons. Adjusted EBITDA was $158 million, representing a 44% margin. The company reduced long-term debt by $40 million in Q2 2022, totaling $110 million in the first half of the year. CEO Marcel Kessler emphasized the company's resilience amid geopolitical challenges and ongoing efforts to strengthen its commercial capabilities.

Brookfield (NYSE: BAM, TSX: BAM.A) will hold its Q2 2022 conference call and webcast on August 11, 2022, at 10:00 a.m. (ET). Results will be available that morning before 7:00 a.m. (ET) on their website.

Participants can join via a pre-registered conference call or a webcast. The webcast link will provide a replay for 90 days. Brookfield manages approximately US$725 billion in assets across various sectors including real estate, infrastructure, and renewable energy.

GrafTech International Ltd. (NYSE:EAF) will host its Second Quarter 2022 Earnings Conference Call on August 5, 2022, at 10:00 a.m. EDT. The call will discuss financial results for the quarter ending June 30, 2022, and ongoing business initiatives. Results will be available before market open on the same day on their investor relations website. The conference call can be accessed via a toll-free number in North America and through an online webcast. GrafTech is a leading producer of graphite electrode products, crucial for electric arc furnace steel production.

GrafTech International Ltd. (NYSE: EAF) announced the appointment of Marcel Kessler as Chief Executive Officer and President effective July 1, 2022. He takes over from David J. Rintoul, who will retire on June 30, 2022. Mr. Kessler has previous experience as CEO of Pason Systems Inc. and holds a strong track record in executive leadership. The Board expressed confidence in his ability to lead GrafTech into its next growth phase, leveraging the company's competitive advantages in graphite electrode production.

Brookfield (NYSE: BAM, TSX: BAM.A) announced on June 23, 2022, that only 13,675 of the Cumulative Class A Preference Shares, Series 28, were tendered for conversion to Series 29 Shares by the June 15 deadline. This is significantly less than the required one million shares for conversion. Consequently, there will be no conversion, and holders will retain their Series 28 Shares.

Brookfield manages approximately US$725 billion in assets across various sectors, including real estate, infrastructure, and private equity, serving a diverse range of investors globally.

Brookfield has successfully closed the Brookfield Global Transition Fund (BGTF) with a remarkable total capital of $15 billion, positioning it as the largest private fund aimed at facilitating the transition to a net-zero carbon economy. This fund has seen oversubscription due to strong institutional investor demand, with $2.5 billion already deployed in significant decarbonization projects, including solar power and carbon capture initiatives. Co-led by Mark Carney and Connor Teskey, BGTF aims for strong returns while addressing climate change.

Brookfield (NYSE: BAM, TSX: BAM.A) announced that all eight director nominees for Class A and Class B Limited Voting Shares were successfully elected during the annual meeting held on June 10, 2022. The voting results showed overwhelming support for the nominees, with most receiving over 99% approval from Class A shareholders. Notable directors include M. Elyse Allan and Angela F. Braly. The company manages approximately US$725 billion in assets across diverse sectors including real estate and renewable power, emphasizing its strong position in the global asset management space.

Brookfield (NYSE: BAM, TSX: BAM.A) has announced a fixed dividend rate for its Cumulative Class A Preference Shares, Series 28, starting from July 1, 2022, to June 30, 2027. The quarterly dividends will be at an annual rate of 4.606%, translating to $0.287875 per share per quarter. Shareholders can opt to convert their Series 28 Shares into Series 29 Shares by June 15, 2022, which will have floating dividends starting at 1.80% over the government treasury yield. The TSX has conditionally approved the listing of Series 29 Shares upon conversion.