Brookfield Business Corporation reported a return to profitability in the third quarter of 2026, recording net income of $18 million compared to a significant loss in the prior year period. While revenue of $7.0 billion fell short of analyst expectations, the company maintained stable operational performance across its Industrials and Business Services segments. Management highlighted aggressive capital recycling, reaching $1.4 billion in year-to-date proceeds and advancing toward its $2 billion biennial target through the sale of Multiplex and partial divestiture of La Trobe Financial.
Key Highlights
- Adjusted EBITDA reached $594 million, matching estimates exactly and supported by 8% organic growth in the Industrials segment.
- Asset sales generated approximately $1.4 billion in proceeds year-to-date, including the $500 million cash sale of the Multiplex construction business.
- Strategic deployment continues with $543 million in combined equity commitments for acquisitions of Reliance Worldwide, World Freight Company, and Gregg Distributors.
- Available liquidity stood at $2.0 billion at quarter end, increasing to $2.7 billion on a pro-forma basis following recent closures.