Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23
Braskem SA ADR (BAK)
US:NYSE Investor Relations:
braskem.com.br/ri/home-en
Company Research
Source: PR Newswire
SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release.4Q23 HIGHLIGHTS CONSOLIDATEDRecurring EBITDA of US$ 211 MM, around R$1,049 million. Higher than 3Q23 (+US$23 million) and 4Q22 (+US$243 million).Cash position of US$ 3.6 billion, ensuring coverage of debt maturities over the next 72 months.Cost reduction: Reduction of ~23% in general and administrative expenses, compared to 4Q22. Approximately R$186 MM as a result of fixed cost reduction initiatives.PE Production – Mexico: Utilization Rate of 84%, +18 p.p. vs. 3Q23 and +15 p.p. vs. 4Q22. Consistent feedstock supply.The full earnings release is available on the Company's IR website: www.braskem-ri.com.br/enBraskem will host conference calls to discuss its Results Tuesday, March 19 at 11:00 a.m. US ET.Additional information may be obtained from the Investor
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News
- Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23 [Yahoo! Finance]Yahoo! Finance
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BAK
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/12/24 - Form 6-K
- BAK's page on the SEC website