The 50% drop in net income and slight revenue decline are concerning, but the Clarios tax credit stream and La Trobe monetization demonstrate strong cash generation. The corporate simplification and index rebalancing catalyst could drive near-term liquidity demand. Watch for Q2 2026 results to see if the organic growth trajectory (5% ex-items) sustains and whether the OpenAI investment begins to contribute.
Price Chart
Executive Summary
Brookfield Business Corp reported Q1 2026 results with net income attributable to shareholders of $40M ($0.19/share), down 50% YoY from $80M ($0.38/share). Revenue fell 4.6% to $6.44B from $6.75B. Adjusted EBITDA was essentially flat at $582M vs $591M. The company highlighted Clarios receiving $1B in cash tax credits, a partial sale of La Trobe at 3x multiple, and a $500M commitment to the OpenAI Deployment Company. The corporate simplification completed March 31, 2026, and a $250M buyback program was completed.
Key Facts
- Net income attributable to shareholders fell 50% YoY to $40M from $80M
- Revenue declined 4.6% to $6.44B from $6.75B
- Adjusted EBITDA was $582M vs $591M in prior year, down 1.5%
- Clarios received ~$1B cash tax refund; expects ~$1B annually through 2030
- Sold 27% interest in La Trobe Financial at 3x multiple and >35% IRR
- Committed $500M alongside OpenAI in The OpenAI Deployment Company
- Completed corporate simplification; Class A shares now trade as BBUC on NYSE/TSX
- Completed $250M buyback program; deployed ~$285M total on repurchases
- Quarterly dividend of $0.0625 per share declared
- Corporate liquidity ~$2.4B pro forma for announced transactions
Financial Impact
Net income halved to $40M; revenue down ~$313M; Adjusted EBITDA essentially flat. Clarios tax credits provide ~$1B annual cash benefit. La Trobe partial sale generated 3x return. $500M committed to AI venture.
Risk Factors
- Net income halved YoY; revenue declined 4.6%
- Infrastructure Services segment Adjusted EBITDA fell from $104M to $90M
- Corporate segment costs increased from -$30M to -$36M
- Forward-looking statements about Clarios and AI venture are unproven
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-003182 |
| Document: f6k_050826.htm | 0001171843-26-003182 |
| Document: 0001171843-26-003182-index-headers.html | 0001171843-26-003182 |
| Document: 0001171843-26-003182-index.html | 0001171843-26-003182 |
| Document: 0001171843-26-003182.txt | 0001171843-26-003182 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 15, 2026 6w ago | Institutional Cluster | $28.95 $25.61 | ▼ −11.54% | ▼ −9.56% | $25.57 (−11.68%) |
Aug 14, 2026 7w ago | 6-K | $29.37 $25.87 | ▼ −11.92% | ▼ −9.93% | $25.57 (−12.94%) |
Jul 31, 2026 9w ago | 6-K | $29.63 $27.97 | ▼ −5.60% | ▼ −8.59% | $25.57 (−13.70%) |
May 11, 2026 20w ago | 6-K | $32.72 $32.04 | ▼ −2.08% | ▼ −0.35% | $25.57 (−21.85%) |
May 8, 2026 21w ago | 6-K | $30.85 $32.89 | ▲ +6.61% | ▲ +6.59% | $25.57 (−17.12%) |
May 8, 2026 21w ago | Press Release | $30.85 $32.89 | ▲ +6.61% | ▲ +6.59% | $25.57 (−17.12%) |
Apr 13, 2026 24w ago | 15-12G | $34.11 $31.81 | ▼ −6.74% | ▼ −14.47% | $25.57 (−25.04%) |
Apr 1, 2026 26w ago | Press Release | $33.45 $33.39 | ▼ −0.18% | ▼ −9.90% | $25.57 (−23.56%) |
Mar 31, 2026 26w ago | Press Release | $31.64 $33.30 | ▲ +5.25% | ▼ −4.18% | $25.57 (−19.18%) |
Mar 27, 2026 26w ago | 6-K | $31.65 $33.43 | ▲ +5.62% | ▼ −6.97% | $25.57 (−19.21%) |
US Market Status
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