BBU - Brookfield Business Partners Q3 recovers from Q2 shutdowns

Brookfield Business Partners (BBU) Q3 company FFO per unit of $1.39 improves from $1.15 in Q2 and declines from $1.41 (when excluding a gain) in the year-ago quarter.Q3 revenue of $10.1B, missing the average analyst estimate of $11.2B, increased from $7.37B in Q2 but declined from $11.8B in the year-ago quarter.“The resilience of our overall business served us well over the last few months with virtually all our operations recovered from the economic shutdown," said CEO Cyrus Madon.Q3 EBITDA of $381M rose from $286M in Q2 and fell from $368M in Q3 2019.Q3 EBITDA by segment:Business Services — $96M vs. $64M in Q2 and in Q3 2019.Infrastructure Services — $142M vs. $148M in Q2 and $139M in Q3 2019.Industrials $166M vs. $98M in Q2 and $189M in Q3 2019.Ended the quarter with ~$2.2B of liquidity at the corporate level including $348M of cash and liquid securities and $1.9B of undrawn credit facilities.Conference

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Brookfield Business Partners Q3 recovers from Q2 shutdowns