Business
Bri-Chem Announces 2022 Annual and Fourth Quarter Financial Results
Edmonton, Canada--(Newsfile Corp. - March 29, 2023) - Bri-Chem Corp. (TSX: BRY) ("Bri-Chem" ...
About this update from Bri-chem Corp.
[{"type":"text","content":"Bri-Chem Announces 2022 Annual and Fourth Quarter Financial ResultsEdmonton, Canada--(Newsfile Corp. - March 29, 2023) - Bri-Chem Corp. (TSX: BRY) (\"Bri-Chem\" or \"Company\"), a leading North American oilfield chemical distribution and blending company, is pleased to announce its 2022 annual and fourth quarter financial results.   Three months ended   Twelve months ended     December 31 Change   December 31 Change (in '000s except per share amounts) 2022 2021 $ % 2022 2021 $ % Financial performance                 Sales  $      26,522  $     18,544  $   7,978 43%  $      104,513  $     60,405  $  44,109 73% Adjusted EBITDA(1)            1,432           1,408            24 2%             7,372           3,942        3,431 87% As a % of revenue 5% 8%     7% 7%     Adjusted operating earnings (1)            1,040           1,143         (103) (9%)             7,824           2,862        4,962 173% Adjusted net earnings (1)               239             784         (545) (70%)             3,608           1,330        2,278 171% Net earnings   $             30  $          784  $     (754) (96%)  $         8,643  $&...