Bri-chem announces 2024 third quarter financial results

Edmonton, alberta--(newsfile corp. - november 14, 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 third quarter financial results.           three months ended                   nine months ended               september 30       change             september 30     change (in '000s except per share amounts)     2024       2023       $ %       2024       2023     $ % financial performance                                 sales   $    21,975    $    26,830  $      (4,855) (18%)     $    62,452    $    79,260    $  (16,808) (21%) adjusted ebitda(1)     587       1,051       (464) (44%)       851       4,638     (3,788) (82%) as a % of revenue     3%       4%             1%       6%     operating earnings     234       1,185       (951) (80%)       710       3,698     (2,988 ) (81%) adjusted net (loss) / earnings (1)     (549)       (293)       (256) 87%       (2,900)       812     (3,712 ) (457%) net (loss) / earnings   $    (269)    $    (376)       $ 107 (28%)     $    (2,263)    $    442    $ (2,705 ) (612%) per diluted share                                     adjusted ebitda (1)   $     0.02    $    0.04   $     (0.02)  (51%)      $     0.03   $     0.17    $   (0.14)      (80%)  adjusted net (loss) / earnings (1)   $    (0.02)    $    (0.01)    $    (0.01) 91%     $    (0.11)    $    0.03    $ (0.14 ) (458%) net (loss) / earnings   $    (0.01)    $    (0.01)       $ - 0%     $    (0.09)    $    0.02    $ (0.11 ) (661%) financial position                                     total assets                     $    57,101    $    70,532    $ (13,431 ) (19%) working capital                       13,740       16,012     (2,271 ) (14%) long-term debt                       6,564       6,771     (208 ) (3%) shareholders equity                     $    21,248    $    22,780    $ (1,532 ) (7%)   (1) non-gaap financial measure.
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