Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23
Braskem SA ADR (BAK)
US:NYSE Investor Relations:
braskem.com.br/ri/home-en
Company Research
Source: PR Newswire
SÃO PAULO, May 9, 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 1Q24 Earnings Release.1Q24 HIGHLIGHTSCONSOLIDATEDRecurring EBITDA of US$230 million, around R$1,140 million, higher than 4Q23 (+9%) and 1Q23 (+12%).Cash position of US$3.3 billion, ensuring coverage of debt maturities over the next 69 months.Operating Cash Generation¹ of US$196 million, around R$972 million, higher than 4Q23 (+US$129 MM) and 1Q23 (+US$254 MM).Green PE Production: utilization Rate of 98%, +36 p.p. vs. 4Q23 and +89 p.p. vs. 1Q23. Normalization of green ethylene supply after restrictions in 4Q23 due to the climate conditions. 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 Thursday, May 9 at 10:00 a.m. US ET.Additional information may be obtained from the Investor R
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News
- Braskem Expands Its Fuels Business Portfolio With the Launch of Octane PlusBusiness Wire
- Adnoc's Scrapped Deal Spells End of Braskem Bond Rally [Yahoo! Finance]Yahoo! Finance
- Braskem Tanks After Adnoc Abandons Talks for Stake [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23 [Yahoo! Finance]Yahoo! Finance
- Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23PR Newswire
BAK
Sec Filings
- 5/21/24 - Form 6-K
- 5/20/24 - Form 6-K
- 5/15/24 - Form 6-K
- BAK's page on the SEC website