Day: May 3, 2024

Financial Overview – First QuarterRevenues of $102 Million, Down 22% From a Year Ago Adjusted Pre-Tax Loss of $(18) Million, GAAP Pre-Tax Loss of $(51) Million Adjusted EPS of $(0.10); GAAP Diluted EPS of $(0.91)Capital ManagementStrong Balance Sheet with $157 Million of Cash and No Debt Repurchased Approximately 2 Million Share Equivalents Declared Quarterly Dividend of $0.07 Per Share Returned $32 Million in Total to Equity Holders“Momentum continued across our businesses during the quarter. We advised on three of the fifteen announced transactions year-to-date valued over $10 billion and our announced and pending transaction revenue backlog today is at a record high. We remain focused on executing our clear and simple strategy to scale our business as we continue to advise our clients on their most pressing strategic and...

All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 03, 2024 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable Partners”, “BEP”) today reported financial results for the three months ended March 31, 2024. “We had a strong start to the year delivering record results and executing on our business plans. We signed a landmark agreement with Microsoft, which expands on our longstanding partnership, to deliver over 10.5 gigawatts of additional renewable energy capacity to enable the growth of their AI powered cloud services business,” said Connor Teskey, CEO of Brookfield Renewable. “The agreement is a testament to our ability to deliver scale clean power solutions to our leading global corporate partners and the exponential demand we are seeing for renewable...

BROOKFIELD, NEWS, May 03, 2024 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBUC, BBU; TSX: BBUC, BBU.UN) announced today financial results for the quarter ended March 31, 2024. “We are pleased with our first quarter results supported by the ongoing performance of our largest operations,” said Anuj Ranjan, CEO of Brookfield Business Partners. “We generated strong margins and the progress achieved on our value creation plans is contributing to higher quality earnings of our operations. Our access to capital continues to be favorable and we generated approximately $300 million of net proceeds from our capital recycling initiatives including agreements to sell two small operations.”  Three Months EndedMarch 31,US$ millions (except per unit amounts), unaudited   2024     2023  Net income (loss) attributable to Unitholders1...

GREENWICH, Conn., May 03, 2024 (GLOBE NEWSWIRE) — XPO (NYSE: XPO) today announced its financial results for the first quarter 2024. The company reported diluted earnings from continuing operations per share of $0.56, compared with $0.15 for the same period in 2023, and adjusted diluted earnings from continuing operations per share of $0.81, compared with $0.56 for the same period in 2023.                                 First Quarter 2024 Summary Results                                 Three months ended March 31,    Revenue   Operating Income (Loss)(in millions)     2024     2023   Change %   2024       2023     Change %North American Less-Than-Truckload Segment   $ 1,221   $ 1,120   9.0 %   $ 165     $ 103     60.2 %European Transportation Segment     797     787   1.3 %     (4 )     (3 )   33.3 %Corporate     –     –   0.0 %     (23 )     (42 )   -45.2 %Total   $ 2,018   $ 1,907   5.8 %   $ 138     $ 58     137.9 %                                 Three...