Welcome to our dedicated page for Bri Chem news (Ticker: BRYFF), a resource for investors and traders seeking the latest updates and insights on Bri Chem stock.
Bri-Chem Corp. reports developments tied to its North American oilfield chemical distribution and blending business. Company news commonly covers financial results, drilling fluid distribution trends, warehouse network and product-portfolio changes, private-label manufacturing initiatives, and specialty chemical supply arrangements.
Recurring updates also address capital structure and governance matters, including senior asset-based credit facilities, related-party transaction approvals, board and leadership changes, shareholder voting results, and operating priorities across Canada and the United States.
Bri-Chem Corp. (TSX: BRY), a North American oilfield chemical distribution company, reported its Q2 2025 financial results with consolidated sales of $20.5 million, up 7% year-over-year. The company achieved Adjusted EBITDA of $1.0 million, a 48% increase from Q2 2024, and improved its operating earnings by 24% to $772,000.
Key performance metrics include adjusted net earnings of $0.01 per diluted share, compared to a loss of $0.02 in Q2 2024. Working capital stood at $11.1 million, down 21% year-over-year. The US drilling fluids division saw a 7% sales increase to $12.3 million, while Canadian operations reached $1.7 million in sales.
The company expects flat to slightly declining rig activity across North America through 2025, with potential recovery in early 2026.
- Adjusted EBITDA improved to $465,000 (2% of revenue) from -$443,000 (-2%) in Q1 2024 - Operating loss decreased to $23,000 from $144,000 - Net loss improved to $412,000 ($0.02 per share) from $1.5 million ($0.06 per share) - Working capital declined 29% to $10.3 million from $14.7 million
The revenue decline was primarily attributed to decreased US drilling activity, with US fluid distribution sales down 15%. Canadian operations remained relatively stable, while US blending and packaging sales increased by $552,000. The company maintains a cautious outlook due to commodity price volatility and political uncertainty in both US and Canadian markets.
Cenatex Holdings LLC has increased its stake in Bri-Chem Corp. (BRYFF) through two transactions. The company purchased 500 common shares at an average price of $0.1994 USD per share, totaling $99.70 USD. Additionally, Joint Actors Barry Hugghins and related IRA accounts transferred 1,120,820 common shares to Cenatex. Following these transactions, Cenatex now owns 3,701,040 common shares, representing 14.0016% of Bri-Chem's total outstanding shares of 26,432,981.
The transfer of shares from Joint Actors was done to streamline management of holdings. Cenatex indicates it may further adjust its position in Bri-Chem based on various factors including market conditions, price, availability of shares, and company developments.
Bri-Chem Corp. (TSX: BRY) reported its Q4 2024 financial results, showing significant declines across key metrics. Consolidated sales fell 23% to $20.6 million compared to the same period in 2023, primarily due to decreased US drilling activity.
The company's performance was marked by several challenges: consolidated gross margin decreased by $1.6 million, Adjusted EBITDA declined by $3.1 million, and working capital dropped 72% to $4.5 million from $15.9 million in 2023. The company reported an adjusted net loss of $0.08 per diluted share, compared to earnings of $0.02 per share in Q4 2023.
By segment, US drilling fluids distribution sales decreased 26% to $12 million, Canadian drilling fluids distribution fell to $2 million, while Canadian blending and packaging showed a slight increase to $4.7 million. The company received a waiver from its lender on March 24, 2025, for a covenant breach related to term debt annual fixed charge coverage ratio.
Bri-Chem Corp reported Q3 2024 financial results showing significant declines. Sales decreased 18% to $22 million compared to $26.8 million in Q3 2023, primarily due to reduced US drilling activities. Adjusted EBITDA fell 44% to $587,000, while operating earnings dropped 80% to $234,000. The company reported an adjusted net loss of $549,000 ($0.02 per share) compared to a loss of $293,000 ($0.01 per share) in Q3 2023. Working capital decreased 14% to $13.7 million. The US drilling fluids division saw a 24% sales decline, while Canadian blending and packaging division increased sales by $682,000.
Bri-Chem Corp. (TSX: BRY) (OTCQB: BRYFF), a leading North American oilfield chemical distribution and blending company, has announced the renewal of its senior credit facilities (ABL Facility) with the Canadian Imperial Bank of Commerce (CIBC). The renewed facility has a borrowing base of $37.5 million and is committed until April 30, 2026.
Key details of the ABL Facility include:
- Interest rates: Canadian prime rate plus 2% or CORRA and SOFR rate plus 2%
- Standby fee: 0.25% on unused amounts
- Security: General security agreement covering inventory and accounts receivable
The renewal also includes amendments to reduce professional fees associated with facility administration and an additional default provision related to the renegotiation of subordinated debt. Don Caron, Chairman & CEO, expressed appreciation for CIBC's continued support over the past decade.
Bri-Chem Corp (TSX: BRY) (OTCQB: BRYFF), a leading North American oilfield chemical distribution and blending company, has announced that its common shares have been accepted for listing on the U.S. OTCQB Venture Market. The company's shares have begun trading under the ticker symbol BRYFF, while continuing to trade on the TSX under the symbol BRY.
Don Caron, Chairman & CEO, expressed excitement about the OTCQB listing, stating that it will help increase Bri-Chem's visibility and allow for greater engagement with their U.S. investor base. This move aligns with the company's efforts to advance its market presence in both the United States and Canada.