Brookfield Business publishes Q3 2026 results call transcript
BBUC•Brookfield Business reported adjusted EBITDA of $594 million and adjusted EFO of $337 million for Q3 2026. Year-to-date capital recycling reached $1.4 billion, and management said it was on track to exceed its $2 billion target.
1. Quarterly results
Brookfield Business held its Q3 2026 earnings call on November 5, with CEO Anuj Ranjan, CFO Jaspreet Dehl and Clarios CEO Mark Wallace attending. Adjusted EBITDA rose to $594 million from $575 million, while adjusted EFO reached $337 million, including $44 million of net gains.
2. Capital recycling and Clarios
Capital recycling generated $1.4 billion year-to-date, putting management on track to exceed its $2 billion target. Multiplex was sold for more than $600 million. Recent acquisitions represent more than $500 million of investment; Dehl expects acquisitions to largely offset roughly $100 million in annual EBITDA lost through disposals. Ranjan outlined potential full or partial sales of Clarios but said there was no urgency to exit, citing the business's cash generation.
