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BROOKFIELD - Brookfield Business Partners (NYSE:BBU) reported mixed second quarter results on Friday, with revenue significantly exceeding analyst expectations while earnings per share fell short of estimates.
The company reported Q2 adjusted earnings per share of $0.12, missing the analyst consensus of $0.24. However, revenue surged to $6.7 billion, substantially above the $2.8 billion consensus estimate. The company’s Adjusted EBITDA for the quarter rose to $591 million from $524 million in the same period last year.
"We had an active quarter, reaching an agreement on the sale of a partial interest in three businesses, investing $300 million to acquire two market-leading businesses, and repurchasing an additional 2.2 million of common equity at highly accretive levels," said Anuj Ranjan, CEO of Brookfield Business Partners.
The company’s Industrials segment was the standout performer, with Adjusted EBITDA jumping to $307 million from $213 million a year earlier, benefiting from strong performance at its advanced energy storage operation and including $71 million in tax recoveries. Business Services segment EBITDA increased to $205 million from $182 million, while Infrastructure Services EBITDA declined to $109 million from $157 million, primarily due to the sale of its offshore oil services’ shuttle tanker operation in January 2025.
During the quarter, Brookfield Business Partners continued its capital recycling initiatives, completing the sale of a partial interest in three businesses to a new evergreen private equity fund managed by Brookfield Asset Management (TSX:BAM). The company also acquired Antylia Scientific, a manufacturer of critical consumables and testing equipment for life sciences and environmental labs, for approximately $1.3 billion.
The company maintained its quarterly distribution of $0.0625 per unit, payable on September 29, 2025. Brookfield ended the quarter with approximately $2.3 billion of liquidity at the corporate level.
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