Brookfield Business Partners Completes 2023 Annual Filings

Rhea-AI Summary

Brookfield Business Partners (BBU) filed its 2023 annual reports, including audited financial statements, with the SEC and Canadian securities authorities. The company focuses on owning high-quality businesses in global business services and industrials sectors. Investors can choose to invest in the corporation (BBUC) or the limited partnership (BBU.UN). Brookfield Business Partners is part of Brookfield Asset Management, a global alternative asset manager with over $900 billion in assets under management.

Financial Analyst

Brookfield Business Partners' announcement of its audited financial statements for the year ended December 31, 2023, is a significant disclosure that allows investors and analysts to assess the company's financial health and performance. A thorough analysis of these statements can reveal trends in revenue, profitability and cash flow, which are crucial for evaluating the company's ability to sustain and grow its operations. Furthermore, the availability of these documents on multiple platforms, including EDGAR and SEDAR+, ensures transparency and accessibility for stakeholders.

Investors should consider the company's performance relative to its peers and the broader market. Key financial ratios derived from the statements, such as the debt-to-equity ratio, return on equity and profit margins, can provide insights into management effectiveness, financial leverage and operational efficiency. Additionally, the consistency of the company's financial reporting and the absence of significant discrepancies with industry norms can instill confidence among investors.

Market Research Analyst

Brookfield Business Partners operates within the global business services and industrials sectors, which are often seen as barometers for the overall economy due to their ties to infrastructure, manufacturing and services. The company's competitive position in these areas can influence its stock performance, especially in a landscape shaped by economic recovery and potential headwinds such as inflation or supply chain disruptions.

Understanding the company's strategic direction, as well as how it positions itself within the market, can shed light on potential growth opportunities. The company's affiliation with Brookfield Asset Management, a substantial entity in the alternative asset management space, could also impact investor perception, given the latter's influence and resources. This relationship might provide Brookfield Business Partners with strategic advantages in deal-making and access to capital.

Legal Expert

Compliance with regulatory requirements, such as the filing of audited financial statements with the SEC and Canadian securities authorities, is a critical aspect of corporate governance. For Brookfield Business Partners, adherence to these regulations not only fulfills legal obligations but also demonstrates a commitment to corporate transparency and accountability. This can have a positive impact on the company's reputation among investors, potentially affecting its stock price.

Investors should also be aware of the different investment vehicles offered by the company, such as the corporation (BBUC) and the limited partnership (BBU.UN), which may have distinct legal and tax implications. The choice between these can affect individual investment returns and should be considered in conjunction with the company's financial performance and strategic outlook.

BROOKFIELD, NEWS, March 01, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today the filing of its 2023 annual reports, including its audited financial statements for the year ended December 31, 2023, on Forms 20-F 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 (or for Brookfield Business Corporation, at https://bbu.brookfield.com/bbuc/overview) in the Reports & Filings section, on SEC’s website at www.sec.gov and on the SEDAR+ website at www.sedarplus.ca. Hard copies will be provided to unitholders and shareholders free of charge upon request.

Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation, or Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership. For more information, please visit https://bbu.brookfield.com.

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $900 billion of assets under management.

Please note that Brookfield Business Partners' previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR, and are available at https://bbu.brookfield.com (or for Brookfield Business Corporation, at https://bbu.brookfield.com/bbuc/overview) under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

For more information, please contact:

Media: Marie Fuller Tel: +44 207 408 8375 Email: marie.fuller@brookfield.com

Investors: Alan Fleming Tel: + 1 (416) 645-2736 Email: alan.fleming@brookfield.com

What reports did Brookfield Business Partners (BBU) file for 2023?

Brookfield Business Partners filed its 2023 annual reports, including audited financial statements, with the SEC and Canadian securities authorities.

What does Brookfield Business Partners (BBU) focus on?

Brookfield Business Partners focuses on owning and operating high-quality businesses in global business services and industrials sectors.

How can investors invest in Brookfield Business Partners (BBU)?

Investors can invest in Brookfield Business Partners either through the corporation (BBUC) or the limited partnership (BBU.UN).

What is Brookfield Asset Management?

Brookfield Asset Management is a leading global alternative asset manager with over $900 billion of assets under management. It is the parent company of Brookfield Business Partners.