Brookfield Business Corp. Class A (TSE:BBUC)
TSX:BBUC
Want to see TSE:BBUC full AI Analyst Report?
Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
-1.73Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents multiple strategically significant positives — notably the $1B recurring Clarios tax credits, La Trobe monetization (3x multiple, 35% IRR), a $150M BBUC stake in an OpenAI DeployCo (preferred structure), improved trading liquidity (+40%), robust corporate liquidity (~$2.4B) and underlying same‑store segment growth. Offsets include a meaningful decline in adjusted EFO (~19%), a rise in Sagen’s loss ratio to ~12% amid a ~20% decline in Canadian house prices, comparability headwinds in Infrastructure Services, and some pending items (2024 tax credits, isolated portfolio stress). Overall, the positives — including durable cash generation, high‑conviction AI deployment exposure, and significant realized value creation — materially outweigh the operational and accounting headwinds discussed on the call.Company Guidance
Clarios $1B Annual Cash Tax Credit
Clarios received a $1.0 billion cash tax refund for fiscal 2025 (equivalent to ~ $1.50 per BBUC share) and management expects similar credits annually through the end of the decade, materially bolstering free cash flow and valuation prospects.
Clarios Value Creation Path
Management outlines a bridge where Clarios (currently ~30% of NAV, ~ $15/share) generates ~ $2.3B LTM EBITDA and could exceed $3B EBITDA in five years with mid-single-digit organic growth; using a 9–10x multiple implies ~ $30B enterprise value, and projected cash generation (~ $8B) could reduce net debt from ~$11B to < ~$4B — supporting a potential doubling of reported value over five years.
La Trobe Financial Minority Sale
Sold a 27% interest in La Trobe Financial at an implied $2.0B valuation after growing AUM from $10B to $16B (+60%); sale realized ~$1.00 per BBUC share, produced a 35% IRR and a 3x multiple of capital in under four years.
Strategic AI Deployment Investment (DeployCo / OpenAI)
Committed to lead a $500M investment in a DeployCo alongside OpenAI (BBUC share ~ $150M) via a preferred instrument offering downside protection and high‑teens minimum returns; expected to accelerate AI deployment across Brookfield’s ~300 operating companies and provide early access to models/talent.
Corporate Simplification and Improved Liquidity/Trading
Completed corporate simplification in March; daily trading volumes are up ~40% vs average levels last year, and management anticipates ~5 million shares of incremental demand from index rebalancing — improving share liquidity and index demand.
Capital Allocation and Share Repurchases
Ended the quarter with pro forma corporate liquidity of ~$2.4B; completed the $250M buyback program and has deployed ~ $285M in repurchases to date (including ~$65M during and after quarter-end), while remaining opportunistic under the NCIB.
Underlying Segment and Same‑Store Growth
Reported first‑quarter adjusted EBITDA of $582M (vs $591M prior); excluding tax benefits, acquisitions and dispositions, adjusted EBITDA was up ~5% year-over-year. Industrial segment adj. EBITDA was $320M (vs $304M, +5.3%) and +7% on a same-store basis; engineered components >+10% same-store; Business Services same-store +7%.
Sagen Mortgage Insurance Resilience and Capital Returns
Sagen’s return on equity has expanded to >20% (from low double digits at acquisition); portfolio quality remains strong (average new loan credit scores >760; ~80% fixed-rate mortgages) and management expects the business to support ~ $400M of annual distributions on a full‑cycle run‑rate basis.
Brookfield Business Corp. Class A (TSE:BBUC) Earnings, Revenues Date & History
TSE:BBUC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:BBUC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | C$45.83 | C$42.18 | -7.96% |
Mar 31, 2026 | C$44.11 | C$43.88 | -0.52% |
Nov 10, 2025 | C$45.15 | C$44.63 | -1.17% |
Aug 07, 2025 | C$40.55 | C$39.33 | -3.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Brookfield Business Corp. Class A (TSE:BBUC) report earnings?
Brookfield Business Corp. Class A (TSE:BBUC) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Brookfield Business Corp. Class A (TSE:BBUC) earnings time?
Brookfield Business Corp. Class A (TSE:BBUC) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BBUC EPS forecast?
Currently, no data Available