Braskem

Braskem SA engages in the manufacture of petrochemicals and other related products. It operates through the following segments: Brazil, USA, and Europe and Mexico. The Brazil segment includes production and sale of chemicals, supply of electricity, and production and sale of PE. The USA and Europe segment involves production, operation, and sale of polypropylene in the United States and Germany. The Mexico segment comprises production, operation, and sale of ethylene, high-density polyethylene and low-density polyethylene in Mexico. The company was founded in August 2002 and is headquartered in Butanta, Brazil.

Earnings data Q4 2019

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The heavy selling pressure might have exhausted for Braskem (BAK) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -18.82% in 4 Weeks, Here's Why the Trend Might Reverse for Braskem (BAK)

Braskem's stock has plummeted, but recent improvements in operating results and positive earnings call discussions suggest a potential turnaround. The Brazilian Real's depreciation has hurt Braskem, but a reversal could boost local asset values, aiding the company's recovery. Protectionist tariffs implemented in Brazil to protect the industry, expanding import tariffs on similar goods from 12%~ to 20%~, will serve to further increase performance and resilience.

Braskem: Petrochemical Market Conditions Bottoming

Brazil's government and several of its largest commercial banks are working on a plan to speed the divestment of engineering group Novonor's majority stake in Braskem , Latin America's largest petrochemical company, according to six people familiar with the talks.

Exclusive: Brazil's government and banks in talks to take Novonor's Braskem stake, sources say

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The Metals Co

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 3 Materials Stocks That Could Blast Off In November

PHILADELPHIA--(BUSINESS WIRE)--The Philadelphia Eagles and Braskem, (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, have enhanced their partnership with the launch of their new STEM education program, Tackling STEM, for the 2024-2025 academic school year. Tackling STEM is an education program that delivers free digital and hands-on interactive S.

Philadelphia Eagles and Braskem “Tackling STEM” Program Empowers Youth Across the Greater Philadelphia Area

Braskem S.A. (NYSE:BAK ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Rosana Avolio - IR, Strategic Planning & Corporate Market Intelligence Director Roberto Bischoff - CEO Pedro Freitas - CFO Conference Call Participants Rodrigo Almeida - Santander Vicente Falanga - Bradesco BBI Tasso Vasconcellos - UBS Gabriel Barra - Citi Pedro Soares - BTG Pactual Leonardo Marcondes - Bank of America Regis Cardoso - XP, Inc. Operator Good morning and thank you for waiting.

Braskem S.A. (BAK) Q3 2024 Earnings Call Transcript

Highest quarterly Recurring EBITDA since 2Q22 SÃO PAULO, Nov. 7, 2024 /PRNewswire/ --  BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK), the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 3Q24 Earnings Release.

Braskem reports Recurring EBITDA of R$2.4 billion in 3Q24, 44% higher compared to 2Q24

PHILADELPHIA--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the Clemson Composites Center at Clemson University, was selected Most Innovative Part.

Braskem and WEAV3D® Awarded by the Society for Plastics Engineers (SPE) and American Composites Manufacturers Association (ACMA)

PHILADELPHIA & HOUSTON--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), the Americas' leading polyolefins producer and a global pioneer in biopolymers, today proudly announces that the company has been selected by the U.S. Department of Energy's Office of Manufacturing and Energy Supply Chains to negotiate terms of a $50 million award under the Bipartisan Infrastructure Law. This landmark funding would expand Braskem's ultra-high molecular weight polyethylene (.

Braskem Selected to Negotiate Terms of a Prestigious $50 Million Award from U.S. Department of Energy to Drive Electrification Revolution

PHILADELPHIA--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, today announced the launch of its innovative bio-circular polypropylene (PP), which it sells under the brand name WENEW. WENEW is a groundbreaking advancement in sustainability for the restaurant and snack food industries. Derived from used cooking oil (UCO),.

Braskem America Introduces Bio-Circular Polypropylene (PP): A Sustainable Solution for the Restaurant and Snack Food Industries

I recommend buying Braskem shares post-2Q24 results, which showed operational improvement despite missing market expectations and ongoing financial challenges. BAK's revenue remained stable at $3.65 billion, with excellent cost control leading to a 9% recurring EBITDA margin. Valuation is attractive with a potential 33.8% appreciation, trading at 6.5x EV/EBITDA against an industry average of 8.7x.

Braskem Q2: Mixed Results, Cheap Valuation

Korn/Ferry Int.

WASHINGTON--(BUSINESS WIRE)--Galway Sustainable Capital (“Galway”), a specialty finance company, announces the expansion of its leadership team and additional hires, strengthening its commitment to accelerate the transition to a sustainable economy through next-generation infrastructure. “We're excited to welcome such outstanding people to Galway,” said Jennifer von Bismarck, Galway's CEO. “Their expertise, relationships, and passion for sustainability increase our capacity to execute on new in.

Galway Sustainable Capital Continues to Expand Leadership Team

PHILADELPHIA & LEXINGTON, Mass.--(BUSINESS WIRE)-- #braskem--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scale, today announced the opening of its Renewable Innovation Center located in Lexington, Mass. Braskem's new 35,000-square-foot innovation center will accelerate innovation in renewable chemicals and materials. Capabilities at the new center will expan.

Braskem Announces the Official Opening of its Renewable Innovation Center in Lexington, Massachusetts

The average of price targets set by Wall Street analysts indicates a potential upside of 46.2% in Braskem (BAK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Predict a 46.24% Upside in Braskem (BAK): Here's What You Should Know

Braskem S.A. (NYSE:BAK ) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Rosana Avolio - Director of IR, Strategic Planning and Corporate Market Intelligence Roberto Bischoff - CEO Pedro Freitas - Chief Financial Officer Conference Call Participants Rodrigo Almeida - Santander Vicente Falanga - Bradesco BBI Henrique Drumond - BTG Pactual Anne Milne - Bank of America Gabriel Barra - Citi Luiz Carvalho - UBS Operator Good morning everyone and thank you for waiting.

Braskem S.A. (BAK) Q2 2024 Earnings Call Transcript

PHILADELPHIA--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest polyolefins producer in the Americas, as well as a global market leader and pioneer producer of biopolymers on an industrial scale, and WEAV3D Inc., an advanced manufacturing and materials startup, today announced Braskem's and WEAV3D Inc.'s thermoplastic composite lattice technology, in partnership with the Clemson Composites Center at Clemson University, were named first place winners of.

Braskem and WEAV3D® Win the Altair Enlighten 2024 Future of Lightweighting Award

SÃO PAULO, Aug. 8, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 2Q24 Earnings Release.

Braskem posts Recurring EBITDA of US$320 million in the quarter, 39% higher than 1Q24 and 128% higher than 2Q23

Braskem's controlling holding, Novonor, is looking for a buyer for its stake in the company. The proposals to purchase this stake exceed the company's current market cap by two times. For this reason, I believe that the dangerous risks, such as the sinking of Maceió, are already in the price, bringing a good opportunity.

Braskem: Likely Waiting To Be Purchased

A Brazilian congressional committee on Tuesday suggested charging petrochemical producer Braskem with crimes against the environment and public properties over the sinking soil of a city that forced thousands of families to relocate.

Brazil senators suggest charges against Braskem over sinking city

SAO PAULO--(BUSINESS WIRE)--Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) (“Company”), the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the expansion of its fuels business portfolio with the launch of Octane Plus focused on serving the premium segment of automotive fuels market worldwide. Octane Plus is an additive blended in the gasoline production process to increase the fuel's octane rating. The addition of Br.

Braskem Expands Its Fuels Business Portfolio With the Launch of Octane Plus

SÃO PAULO, May 9, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 1Q24 Earnings Release.

Braskem posts Recurring EBITDA of US$230 million in the quarter, 9% higher than 4Q23 and 12% higher than 1Q23

Braskem S.A. (BAK) Q4 2023 Earnings Call Transcript

SÃO PAULO, March 19, 2024 /PRNewswire/ -- BRASKEM S.A. (B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) the largest resin producer in the Americas and the world's leading biopolymers producer, presents its 4Q23 Earnings Release.

Braskem posts Recurring EBITDA of US$211 million in the quarter, up 13% from 3Q23

HOUSTON & PHILADELPHIA--(BUSINESS WIRE)--Shell Chemicals recently started to supply Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK) with bio-attributed and bio-circular propylene feedstocks, based on a mass balance approach and independently certified by a third party. Braskem will utilize such feedstocks for the manufacture of bio-attributed and bio-circular polypropylene enabling more sustainable options for growing consumer demand in the packaging, film, automoti.

Shell Chemicals and Braskem Bring Certified Bio-Attributed and Bio-Circular Propylene and Polypropylene to the U.S. Market

MARCUS HOOK, Pa.--(BUSINESS WIRE)--Braskem (BM&FBOVESPA: BRKM3, BRKM5, and BRKM6; NYSE: BAK; LATIBEX: XBRK), a company committed to human rights and equity in our supply chain and the local development of surrounding communities, has donated $10,000 to the Mary M. Campbell Marcus Hook Public Library, and a check was presented during a ceremony on Thursday, March 7, 2024. Braskem's donation supports the branch's efforts to upgrade the library, beginning with the purchase of a new main recept.

News for Braskem Stock (BAK)