Brookfield Business Partners L.P. LP Units (NYSE:BBU) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET

Company Participants

Alan Fleming - Head-Investor Relations
Anuj Ranjan - Chief Executive Officer
Paul Lepage - Managing Director
Jaspreet Dehl - Managing Partner & Chief Financial Officer
Adrian Letts - Managing Partner & Senior Leader-Business Operations

Conference Call Participants

Geoffrey Kwan - RBC Capital Markets
Devin Dodge - BMO Capital Markets
Gary Ho - Desjardins Capital Markets
Jaeme Gloyn - NBF
Dimitry Khmelnitsky - Veritas
Nik Priebe - CIBC Capital Markets

Operator

Welcome to the Brookfield Business Partners Second Quarter 2024 Results Conference Call and Webcast. As a reminder, all participants are in listen-only mode, and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]

Now I'd like to turn the conference over to Alan Fleming, Head of Investor Relations. Please go ahead, Mr. Fleming.

Alan Fleming

Thank you, operator and good morning. Before we begin, I'd like to remind you that in responding to questions and talking about our growth initiatives and our financial and operating performance, we may make forward-looking statements. These statements are subject to known and unknown risks, and future results may differ materially. For further information on known risk factors, I encourage you to review our filings with the securities regulators in Canada and the U.S., which will be available on our website.

We'll begin the call today with a business update from Anuj Ranjan, our Chief Executive Officer. Anuj will then turn the call over to Paul Lepage, our Managing Director on our business operations team who will discuss our approach to managing cybersecurity risk and the incident response at CDK Global, our dealer software and technology services operation.

We'll end the call with Jaspreet Dehl, our Chief Financial Officer discussing our financial results for the quarter. Adrian Letts, a Managing Partner and Senior Leader on our business operations team is also joining us on the call this morning. And after we finish our prepared remarks, the team will be available to take your questions.

I'd now like to pass the call over to Anuj.

Anuj Ranjan

Thanks, Alan and good morning, everyone. Thank you all for joining us on the call today. Through the first half of the year we've made great progress on a number of fronts to build value in our business. Our financial results were strong. But we're impacted by a couple of one-time events in our operations. This includes a cybersecurity incident at CDK Global, our dealer software and technology services operation and increased costs on a project nearing completion in our construction operation.