Business
Bri-Chem Announces 2022 Third Quarter Financial Results
Edmonton, Alberta--(Newsfile Corp. - November 14, 2022) - Bri-Chem Corp. (TSX: BRY) ("Bri-Che...
About this update from Bri-chem Corp.
[{"type":"text","content":"Bri-Chem Announces 2022 Third Quarter Financial ResultsEdmonton, Alberta--(Newsfile Corp. - November 14, 2022) - 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 third quarter financial results.   Three months ended      Nine months ended         September 30 Change   September 30 Change (in '000s except per share amounts) 2022 2021 $ % 2022 2021 $ % Financial performance                 Sales  $      28,986  $     16,461  $  12,525 76%  $        77,991  $     41,861  $  36,130 86% Adjusted EBITDA(1)            1,716             980          736 75%             5,941           2,534        3,407 134% As a % of revenue 6% 6%     8% 6%     Adjusted operating earnings (1)            2,049             772       1,277 165%             6,784           1,719        5,065 295% Adjusted net earnings (1)               812             348          464 133%             3,369             546        2,823 517% Net earnings   $           500  $          348  $      152 44%  $         8,6...