Brookfield Business Corp. Class A earnings date
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Brookfield Business Corp. Class A (BBUC) Q3 2026 Earnings Report
BBUC Q3 2026 EPS Results
- Actual EPS
- $0.09
- Consensus EPS
- $1.58
- Beat/Miss
- Missed by -$1.49
- One Year Ago EPS
- -$5.21
BBUC Q3 2026 Revenue Results
- Actual Revenue
- $7.00B
- Expected Revenue
- ―
- Beat/Miss
- ―
- YoY Revenue Growth
- +316.87%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- Before Open
- Conference Call
- Thursday, November 5, 2026
Brookfield Business Corp. Class A's next earnings date is estimated for April 6, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive, with record Clarios results, higher quarterly EBITDA and EFO, substantial capital recycling, strong liquidity, new investments, and multiple identified growth platforms. Management also highlighted specific operating and market challenges, including higher Sagen claims, weaker infrastructure-services results, Modulaire and Scientific Games pressures, elevated CDK churn, pending regulatory and tax matters, and high Brazilian interest rates. However, the positive achievements and outlook significantly outweighed the disclosed challenges.
Management said it expects advanced batteries to be a multi-decade tailwind, with Clarios’ growth platforms expanding its addressable market from approximately $32 billion today to an estimated $52 billion by 2040; its advanced auto technology business is expected to begin launching starting in 2028, with full ramp-up around 2030, supported by over $2 billion of contractual backlog, while two new factories are expected to come on over the next 18 months and the combined businesses are expected to grow the addressable market by 50%, with a larger impact on earnings and revenue growth closer to the end of this decade. Sagen’s long-term loss expectations are in the 15%-25% range. BBUC expects continued fundraising momentum through 2027, and its annual run rate EBITDA of about $2.5 billion is expected to be about $2.4 billion after circa $60 million from Multiplex and estimated $20 million-$25 million from La Trobe and other monetizations, with acquisitions expected to bring it close back to that $2.5 billion run rate number.
- Strong Capital Recycling and RealizationsBBUC agreed to sell an additional 20% interest in La Trobe Financial, realizing a 2x cash multiple and a 35% IRR while retaining more than half of its original ownership. It also closed the sale of Multiplex for over $600 million. Total capital recycling reached $1.4 billion since the start of the year, putting the company on track to exceed its $2 billion investor-day target.
- New Investments Exceeding $500 MillionBBUC closed investments in World Freight Company and Gregg Distributors and agreed to acquire Reliance Worldwide Corporation. Together, the three investments represent more than $500 million of BBUC capital and target high-quality businesses with strong competitive positions, durable cash flows, and operational improvement opportunities.
- Track Record of Value CreationOver the past two years, BBUC committed more than $1.2 billion to acquire seven market-leading industrial and services businesses. Since its creation, BBUC has sold about 30 businesses, generating roughly $9 billion of proceeds and a 19% realized IRR; the monetizations were completed at approximately a 12% premium to NAV.
- Clarios Delivered a Fourth Consecutive Record YearClarios finished fiscal 2026 with its fourth consecutive year of record financial results. The company described its core business as resilient, with approximately 80% of sales in the stable aftermarket, more than 150 million batteries sold annually, and a global market position approximately four times the size of its nearest competitor.
- Advanced Battery Mix Continues to RiseAdvanced batteries represented 35% of Clarios units sold, up from 10% in fiscal 2015. More than 70% of batteries sold into the original equipment channel are now advanced batteries, supporting higher revenue and profit per unit as the aftermarket replacement cycle develops.
- Expanded Low-Voltage Technology PositionClarios has secured more than 620 xEV platform wins and is developing its Clarios Power Management System by combining advanced batteries, supercapacitors, electronics, software, and monitoring capabilities to address a broader portion of vehicle low-voltage architecture.
- Major U.S. Investment and Efficiency ProgramClarios' $6 billion U.S. investment plan supports advanced battery production, critical mineral processing and recovery, next-generation technology, and state-of-the-art manufacturing. The company is also using AI, machine learning, automation, and robotics to improve productivity, optimize its supply chain, and enhance customer service.
- Expansion into Supercapacitors and Data CentersClarios identified opportunities for supercapacitors in data centers, grid infrastructure, industrial applications, and renewable energy. The company plans to bring on two new factories over the next 18 months to support near-term data-center demand, with data-center power requirements described as increasingly volatile due to AI workloads.
- Connected Services Growth PlatformClarios' connected-services solutions currently support approximately 20 commercial fleets across North America. The offerings combine battery data and analytics to help identify potential battery issues before vehicle downtime and are intended to create recurring revenue opportunities and deepen customer relationships.
- Ecobat Acquisition Strengthens Vertical IntegrationThe planned acquisition of Ecobat's U.S. operations includes three critical-mineral recovery and processing facilities that together process more than 40 million batteries annually. Clarios stated that the transaction would advance vertical integration, reduce reliance on third-party suppliers, and strengthen access to critical minerals.
- Clarios Technology Backlog and Addressable Market ExpansionClarios has more than $2 billion of contractual backlog in its advanced automotive technology business, with two factories being retrofitted for production starting in 2028 and full ramp-up expected around 2030. The company expects its addressable market to grow by 50%, from approximately $32 billion today to an estimated $52 billion by 2040.
- Improved Quarterly Financial ResultsThird-quarter Adjusted EBITDA increased to $594 million from $575 million in the prior period. Adjusted EFO rose to $337 million from $284 million, including $44 million of net gains primarily related to the partial sale of La Trobe Financial.
- Industrial and Business Services GrowthIndustrial-segment Adjusted EBITDA increased to $348 million from $316 million, with same-store growth of approximately 8%. Business-services Adjusted EBITDA increased to $204 million from $188 million, with same-store growth of approximately 3%.
- BRK Ambiental and CDK GrowthBRK Ambiental delivered double-digit Adjusted EBITDA growth, supported by contractual tariff increases and higher volumes. CDK also delivered double-digit Adjusted EBITDA growth, supported by cost-saving initiatives, annual price increases, cross-selling, upselling, and continued modernization efforts.
- Sagen Capital Strength and DistributionSagen maintained a minimum capital adequacy ratio of 176%, continued to generate significant cash flow, and paid BBUC a $90 million distribution during the quarter. Demand among first-time home buyers remained resilient despite slower broader housing activity in Canada.
- Strong Liquidity and Capital Allocation FlexibilityBBUC ended the quarter with approximately $2.7 billion of pro forma corporate liquidity. Since launching its share repurchase program early last year, the company has repurchased more than $335 million of shares and said it continues to view buybacks as an attractive use of capital at current trading prices.
- Positive Nielsen Operating UpdateNielsen is progressing through large renewals with increased value from additional products and services, particularly in streaming. The Gracenote business is improving, new products and services are gaining momentum, and management said the DoubleVerify transaction should be accretive without requiring additional equity from BBUC.
- Evergreen Fund Fundraising MomentumThe Evergreen Fund's fair value was approximately $690 million after assets sold were included, and BBUC had received close to $200 million back. Management said fundraising momentum was continuing and that its industrials and essential-services strategy was resonating in wealth channels.
BBUC Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 06, 2027 | 2026 (Q4) | 1.31- | 0.19 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 1.580.09 | -5.21 | 101.73% (+5.30) | |
| Jul 31, 2026 | 2026 (Q2) | 1.260.18 | -1.25 | 114.39% (+1.43) | |
| May 08, 2026 | 2026 (Q1) | ―- | -0.59 | ― | |
| Mar 31, 2026 | 2025 (Q4) | 1.460.19 | -0.59 | 131.99% (+0.78) | |
| Nov 10, 2025 | 2025 (Q3) | ―-5.21 | -4.71 | -10.61% (-0.50) | |
| Aug 07, 2025 | 2025 (Q2) | ―-1.25 | 1.25 | -199.76% (-2.50) | |
| May 06, 2025 | 2025 (Q1) | ―- | -1.52 | ― | |
| Apr 01, 2025 | 2024 (Q4) | ―-0.59 | -1.52 | 60.84% (+0.92) | |
| Aug 07, 2024 | 2024 (Q2) | ―1.25 | 1.09 | 14.84% (+0.16) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
