Brookfield Business Partners Improves Q2 Results

Brookfield Business Partners (TSE:BBU.UN) has released an update.

Brookfield Business Partners L.P. reported a net loss of $20 million for Q2 2024, improved from a $48 million loss in the previous year, with adjusted EBITDA at $524 million, down from $606 million. The Industrials segment showed robust performance, while the Business Services and Infrastructure Services segments faced challenges, including a cybersecurity incident and the sale of their nuclear technology services operation. The company also successfully executed several strategic debt refinancings and completed a significant sale of their Canadian aggregates production operation.

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