Business
Bri-Chem Announces 2021 Third Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - November 15, 2021) - Bri-Chem Corp.  (TSX: BRY)&#x...
About this update from Bri-chem Corp.
[{"type":"text","content":"Bri-Chem Announces 2021 Third Quarter Financial ResultsEdmonton, Alberta--(Newsfile Corp. - November 15, 2021) - Bri-Chem Corp. (TSX: BRY) (\"Bri-Chem\" or \"Company\"), a North American oilfield chemical distribution and blending company, is pleased to announce its 2021 third quarter financial results.     Three months ended              Nine months ended                     September 30     Change           September 30     Change (in '000s except per share amounts)   2021     2020     $ %     2021     2020     $   % Financial performance                                         Sales $ 16,461   $ 7,449   $ 9,012 121%   $ 41,861   $ 35,683   $ 6,178   17% Adjusted EBITDA(1)   980     (765 )   1,745 228%     2,534     (806 )   3,340   414% As a % of revenue   6%     -10%             6%     -2%           Adjusted operating earnings/(loss)   772     (1,072 )   1,844 172%     1,719     (1,567 )   3,286   210% Adjusted net earnings / (loss) (1)   347     (1,838 )   2,185 119%     546     (3,481 )   4,027   116% Net earnings / (loss) $ 348   $ (1,861 ) $ 2,209 119%   $ 533   $ (3,607 ) $ 4,140   115% Diluted per share                                            Adjusted EBITDA  $ 0.04   $ (0.03 ) $ 0.07 216%   $ 0.10   $ (0.03 ) $ 0.13   419%    Adjusted net earnings/(loss) $ 0.03   $ (0.04 ) $ 0.07 165%   $ 0.02   $ (0.15 ) $ 0.17   114%    Net earnings / (loss) $ 0.01   $ (0.08 ) $ 0.09 117%   $ 0.02   $ (0.15 ) $ 0.17   113% Financial position                                   &...