Brookfield Business Partners (BBU) Tops Q4 EPS by 12c, Revenues Miss

Brookfield Business Partners (NYSE: BBU) reported Q4 EPS of $1.04, $0.12 better than the analyst estimate of $0.92. Revenue for the quarter came in at $10.21 billion versus the consensus estimate of $10.27 billion.

“We had another successful year in 2018, with strong growth in funds from operations reflecting contributions from recent acquisitions, as well as improvements and organic growth within our operations. During the year, we invested approximately $500 million in high quality businesses across our sectors and geographies and generated $1.5 billion from monetization activities,” said Cyrus Madon, CEO of Brookfield Business Partners. “We are focused on integrating and executing operational plans for our recent acquisitions, including Westinghouse, and on closing the acquisition of a leading global battery manufacturing business from Johnson Controls.”

For earnings history and earnings-related data on Brookfield Business Partners (BBU) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• UPS invests $48 million in 27 cold-chain freight facilities globally
• AXT appoints Tracy Liu to its board of directors