Brookfield Business Q3 net income turns positive, revenue edges up
BBUC•Brookfield Business reported Q3 net income of $18 million, or $0.09 per share, as revenue rose to $6.99 billion and adjusted EBITDA increased slightly year over year. Asset sale proceeds and distributions totaled about $1.4 billion year to date.
1. Quarterly results
Brookfield Business said Q3 net income turned positive from a loss a year earlier. Revenue was $6.99 billion and EPS was $0.09; adjusted EBITDA also rose slightly year over year.
2. Business activity
The company generated about $1.4 billion in asset sale proceeds and distributions year to date. Acquisitions including World Freight Company and Gregg Distributors contributed to Q3 results. Industrials and Business Services reported year-over-year EBITDA growth, while Infrastructure Services was affected by weak industry conditions and higher costs on select contracts.
3. Outlook
Brookfield Business expects to close the sale of an additional 20% stake in La Trobe Financial in Q1 2027. It said the current interest rate and inflation environment suits its investment model and that it has positive momentum and significant liquidity for growth heading into year-end.
