Bri-chem announces 2024 first quarter financial results and senior banking facility amendments

Edmonton, alberta--(newsfile corp. - may 15, 2024) - bri-chem corp. (tsx: bry) ("bri-chem" or "company"), a leading north american oilfield chemical distribution and blending company, is pleased to announce its 2024 first quarter financial results.   three months ended           march 31 change (in '000s except per share amounts) 2024 2023 $ %   financial performance         sales $ 21,371 $ 27,201 $ (5,830 ) (21%) adjusted ebitda(1) (443 ) 1,615 (2,059 ) (127%) as a % of revenue -2% 6%     operating earnings (144 ) 1,296 (1,441 ) (111%) adjusted net (loss) / earnings (1) (1,767 ) 391 (2,158 ) (552%) net (loss) / earnings $ (1,506 ) $ 265 $ (1,771 ) (668%)   per diluted share         adjusted ebitda (1) $ (0.02 ) $ 0.06 $ (0.08 ) (132%) adjusted net (loss) / earnings  (1) $ (0.07 ) $ 0.01 $ (0.08 ) (544%) net (loss) / earnings $ (0.06 ) $ 0.01 $ (0.07 ) (701%)   financial position         total assets $ 66,224 $ 75,651 $ (9,427 ) (12%) working capital 14,666 15,927 (1,262 ) (8%) long-term debt 6,668 6,869 (201 ) (3%) shareholders equity $ 21,809 $ 22,610 $ (802 ) (4%)     (1) non-gaap financial measure.
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