Quarterly ResultMay 11, 2026, 05:02 PM
Brookfield Business Corp Q1 Net Income $216M; EPS $0.19; Reorganization
AI Summary
Brookfield Business Corporation reported its unaudited interim condensed consolidated financial statements for the first quarter ended March 31, 2026, following a significant corporate reorganization completed on March 27, 2026. The company's revenues decreased to $6,436 million from $6,749 million year-over-year, with net income attributable to Class A shareholders falling to $40 million, or $0.19 per share. Despite the decline in quarterly earnings, the company saw an increase in cash and cash equivalents and total assets.
Key Highlights
- Brookfield Business Partners L.P. completed a reorganization on March 27, 2026, replacing BBU and BBHC with Brookfield Business Corporation.
- Revenues for Q1 2026 were $6,436 million, down from $6,749 million in Q1 2025.
- Net income for Q1 2026 was $216 million, compared to $256 million in Q1 2025.
- Net income attributable to Class A shareholders was $40 million ($0.19 EPS) in Q1 2026, down from $80 million ($0.38 EPS) in Q1 2025.
- Cash and cash equivalents increased to $4,524 million as of March 31, 2026, from $3,546 million at December 31, 2025.
- Total assets grew to $77,056 million as of March 31, 2026, from $75,761 million at December 31, 2025.
- The company recorded a $241 million tax benefit from domestic energy production in Q1 2026, down from $259 million in Q1 2025.
Price Impact
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