BBU - Brookfield Business Partners Q4 EBITDA rises Q/Q on industrials infrastructure
Brookfield Business Partners ([[BBU]] +1.8%) Q4 EBITDA rises 11% Q/Q on gains in its infrastructure and industrials sectors.Q4 company FFO per share, excluding gain/loss on acquisitions/dispositions, of $1.73 rises from $1.39 in Q3 and $1.38 in the year-ago quarter.Beats sole analyst estimate of $1.49.Q4 revenue of $10.0B vs. average of two analyst estimates of $11.2B; compares with $10.1B in Q3 and $11.3B in Q4 2019.Q4 direct operating costs of $8.56B vs. $8.72B in Q3 and $9.97B a year ago.Q4 G&A expense of $260M vs. $236M in Q3 and $228M a year ago.Q4 EBITDA of $423M vs. $381M in Q3 and $342M in the year-ago quarter.Q4 EBITDA by segment:Business Services — $92M vs. $96M in Q3 and $51M a year ago;Infrastructure Services — $156M vs. $142M in Q3 and $106M a year earlier;Industrials — $195M vs. $166M in Q3 and $215M in Q4 2019.Conference call at 11:00 AM ET.Previously: Brookfield Business
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Brookfield Business Partners Q4 EBITDA rises Q/Q on industrials, infrastructure