Brookfield Business Partners Stock Price, News & Analysis

Brookfield Business Partners will hold its 2023 First Quarter Conference Call & Webcast on May 5, 2023, at 10:30 a.m. ET, to discuss results and business initiatives. The results will be released prior to 8:00 a.m. ET on the same day and available on their website.

Participants can join via conference call or webcast. Pre-registration is required for the conference call, providing a bypass to the operator for ease of access. The webcast can be accessed through their registration link, and a replay will also be made available online.

Brookfield Business Partners operates globally, focusing on high-quality businesses providing essential products and services, with investment options through Brookfield Business Partners L.P. (NYSE: BBU) or Brookfield Business Corporation (NYSE: BBUC).

BROOKFIELD, NEWS, March 6, 2023 – Brookfield Business Partners L.P. (NYSE: BBU) filed its 2022 annual report on Form 20-F with the SEC, including audited financial statements for the year ending December 31, 2022. The report is available on their website and through Canadian securities authorities. As a significant player in global business services and industrials, Brookfield focuses on high-quality business ownership that delivers essential products and services. Investors can engage with Brookfield Business Partners or Brookfield Business Corporation (NYSE: BBUC), both backed by Brookfield Asset Management, which manages approximately $800 billion in assets.

Brookfield Business Partners (NYSE: BBU) reported its financial results for the year ended December 31, 2022. The company experienced a net income of $146 million ($0.73 per unit), down from $643 million ($3.28 per unit) in 2021, impacted by prior year gains from asset sales. Adjusted EBITDA rose to $2.335 billion, up from $1.761 billion, driven by improved contributions from Business Services, Industrials, and Infrastructure Services segments. The company ended 2022 with liquidity of approximately $1.6 billion and repurchased over 2.5 million units. A quarterly distribution of $0.0625 per unit is set for March 31, 2023, benefiting unitholders of record by February 28.

BROOKFIELD, NEWS, Dec. 28, 2022 – Brookfield Business Partners (NYSE: BBU) announced it received exemptive relief from the Ontario Securities Commission regarding the sale of Westinghouse Electric Company. This decision was based on support from over 50% of unitholders. A disclosure document has been filed with regulatory authorities, detailing the transaction. The process is subject to conditions, including written consents from a majority of unitholders, and the transaction is anticipated to close in the second half of 2023.

Brookfield Business Partners invites stakeholders to its 2022 Fourth Quarter Conference Call on February 3, 2023, at 11:00 a.m. ET. Key financial results will be released earlier that day at 8:00 a.m. ET. Investors can join via conference call or webcast, with pre-registration required for the call. Brookfield Business Partners, listed under symbols BBU on NYSE and TSX, focuses on high-quality business services and industrials. The company is backed by Brookfield Asset Management, which manages over $750 billion in assets.

Brookfield Business Partners (NYSE: BBU) reported a net loss of $33 million for Q3 2022, significantly down from a net income of $87 million in Q3 2021. Despite this, adjusted EBITDA rose to $627 million compared to $443 million last year, driven largely by new acquisitions. The company announced its agreement to sell its nuclear technology services operation, Westinghouse, for approximately $8 billion, which is expected to enhance corporate liquidity significantly. The quarterly distribution is set at $0.0625 per unit, payable on December 30, 2022.

Brookfield Business Partners invites stakeholders to its 2022 Third Quarter Conference Call on November 4, 2022, at 9:30 a.m. ET. The call will cover the company's results and current initiatives following the results release before 8:00 a.m. ET on the same day. Interested participants can register for the conference call to receive a unique dial-in number, and a webcast will also be available. Brookfield Business Partners focuses on operating high-quality businesses and offers flexible investment options through its partnership and corporation.

Brookfield Business Partners announced the sale of its nuclear technology services operation, Westinghouse Electric Company, to a consortium led by Cameco Corporation for approximately $8 billion. This transaction, expected to close in the second half of 2023, follows Westinghouse's successful turnaround since its acquisition in 2018, with profitability nearly doubling. Brookfield anticipates generating about $1.8 billion from its 44% stake and projected proceeds will yield a 60% IRR. The transaction awaits unitholder approval and regulatory conditions.

Nielsen Holdings plc (NYSE: NLSN) announced the completion of its sale to a private equity consortium led by Evergreen Coast Capital and Brookfield Business Partners for approximately $16 billion. Shareholders will receive $28 per share in cash. Following this transaction, Nielsen shares will cease trading on the NYSE as of October 12, 2022. CEO David Kenny expressed optimism for Nielsen's future as a private company, aiming to enhance its Nielsen ONE strategy amidst a growing media landscape.