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Brookfield Business Q3 net income turns positive, revenue edges up

By Reuters News


Overview

  • Global industrial and business services operator's Q3 net income turned positive from year-ago loss

  • Q3 revenue and adjusted EBITDA both rose slightly year-over-year

  • Company generated $1.4 bln in asset sale proceeds and completed several acquisitions in 2026


Outlook

  • Company expects to close sale of additional 20% stake in La Trobe Financial in Q1 2027

  • Company says current interest rate and inflation environment suits its investment model

  • Company heads into year-end with positive momentum and significant liquidity for growth


Result Drivers

  • ASSET SALES - Co said proceeds from asset sales and distributions totaled about $1.4 bln YTD, supporting capital recycling initiatives

  • ACQUISITION CONTRIBUTIONS - Recent acquisitions, including World Freight Company and Gregg Distributors, contributed to Q3 results, per co

  • SEGMENT PERFORMANCE - Industrials and Business Services segments saw year-over-year EBITDA growth, while Infrastructure Services was impacted by weak industry conditions and higher costs on select contracts


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$6.99 bln

Q3 EPS

$0.09

Q3 Net Income

$18 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

  • Wall Street's median 12-month price target for Brookfield Business Holdings Corp is $41.00, about 32.5% above its November 4 closing price of $30.95

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago


Reuters Recommended Reads

  • Nov 3 - Canada's Fairfax Financial Q3 net earnings fall on investment losses

  • Nov 4 - Canada's Sprott Q3 net income jumps 67% on higher AUM

  • Nov 2 - Canada's Toromont Q3 revenue beats on higher equipment sales, rentals


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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