BRI-CHEM CORP.

Bri-Chem Announces 2019 Third Quarter Financial Results

Retrieved on: 
Thursday, November 14, 2019
Q3

Key Q3 2019 & YTD highlights include:

Key Points: 
  • Key Q3 2019 & YTD highlights include:
    Bri-Chem generated consolidated sales of $21.8 million, a decrease of 30% from the third quarter of 2018.
  • Bri-Chems Q3 2019 consolidated sales were $21.8 million for the three months ended September 30, 2019 which was $9.3 million lower than the same prior year period.
  • Adjusted EBITDA as percentage of sales was 4% for Q3 2019 which was consistent compared to the same quarter in 2018.
  • During the third quarter of 2019, US drilling activity has declined and drilling rigs have fallen in most major resource plays.

Bri-Chem Announces 2019 Third Quarter Financial Results Conference Call

Retrieved on: 
Friday, November 8, 2019
Drilling fluid, Technology, Oil well, Inventions, Economy

Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids.

Key Points: 
  • Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids.
  • We sell, blend, package and distribute a full range of drilling fluid products from 24 strategically located warehouses throughout Canada and the United States.
  • Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com .

Bri-Chem Announces 2019 Second Quarter Financial Results

Retrieved on: 
Thursday, August 8, 2019
Financial ratios, Finance, Money, Fundamental analysis, Working capital management, Economy, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit, Current ratio, Current asset

Key Q2 2019 & YTD highlights include:

Key Points: 
  • Key Q2 2019 & YTD highlights include:
    Bri-Chem generated consolidated sales of $22.7 million, a decrease of 17% from the second quarter of 2018.
  • Bri-Chems current ratio, defined as current assets divided by current liabilities, was 1.53 as at June 30, 2019.
  • Adjusted EBITDA as percentage of sales was 2% for Q2 2019 compared to negative 1% for the same quarter in 2018.
  • Managements plan to reduce debt, lower inventory and curtail infrastructure has been on track for the first half of 2019.

Bri-Chem Announces 2019 Second Quarter Financial Results Conference Call

Retrieved on: 
Friday, August 2, 2019
Drilling fluid, Technology, Oil well, Inventions, Economy

Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids.

Key Points: 
  • Bri-Chem has established itself, through a combination of strategic acquisitions and organic growth, as the North American industry leader for wholesale distribution and blending of oilfield drilling, completion, stimulation and production chemical fluids.
  • We sell, blend, package and distribute a full range of drilling fluid products from 24 strategically located warehouses throughout Canada and the United States.
  • Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com .