Press Release: Ballard Reports Q3 2024 Results

Dow Jones

2024-11-05

 Finance and 
  other 
  (income) 
  loss                       (7,288)               (7,176)             (112) 
 Impairment 
  charge on 
  Property, 
  Plant and 
  Equipment                  106,762                     -           106,762 
 Impairment 
  charge on 
  goodwill                    40,277                     -            40,277 
 Impact of 
  unrealized 
  (gains) 
  losses on 
  foreign 
  exchange 
  contracts                    (368)                   655           (1,023) 
Adjusted EBITDA  $          (60,111)  $           (34,936)  $       (25,175) 
---------------  -------------------  --------------------  ----------------

View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-reports-q3-2024-results-302296353.html

SOURCE Ballard Power Systems Inc.

/CONTACT: Further Information: Sumit Kundu - +1.604.453.3517, investors@ballard.com or media@ballard.com

(END) Dow Jones Newswires

November 05, 2024 08:30 ET (13:30 GMT)

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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: Ballard Reports Q3 2024 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Release: Ballard Reports Q3 2024 Results\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-11-05 21:30</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n Finance and \n  other \n  (income) \n  loss                       (7,288)               (7,176)             (112) \n Impairment \n  charge on \n  Property, \n  Plant and \n  Equipment                  106,762                     -           106,762 \n Impairment \n  charge on \n  goodwill                    40,277                     -            40,277 \n Impact of \n  unrealized \n  (gains) \n  losses on \n  foreign \n  exchange \n  contracts                    (368)                   655           (1,023) \nAdjusted EBITDA  $          (60,111)  $           (34,936)  $       (25,175) \n---------------  -------------------  --------------------  ---------------- \n \n</pre>\n<p>\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-reports-q3-2024-results-302296353.html \n</p>\n<p>\n     SOURCE Ballard Power Systems Inc. \n</p>\n<p>\n       /CONTACT: Further Information: Sumit Kundu - +1.604.453.3517, investors@ballard.com or media@ballard.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 05, 2024 08:30 ET (13:30 GMT)\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BLDP","symbol_name":"巴拉德動力系統","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481450130","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481450130","pubTimestamp":1730813400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"VANCOUVER, BC, Nov. 5, 2024 /PRNewswire/ - Ballard Power Systems   today announced consolidated financial results for the third quarter ended September 30, 2024. All amounts are in U.S. dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards .Mr. MacEwen continued, \"In Q3, we initiated a global corporate restructuring to reduce total annualized operating costs by more than 30%. We expect a substantial part of the annualized cost savings to be realized in 2025. Our restructuring includes a sizeable workforce reduction, rationalization of product development programs, consolidation of global operations and facilities, and a reduction in planned capital expenditures. As part of our global restructuring, we also reduced our corporate cost structure in China and initiated a strategic review of our China joint venture.\". \"As we look to our long-term strategic plan and cascading capital allocation, we continue to have high convictio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BLDP":"巴拉德动力系统","BK4096":"电气部件与设备"},"translate_title":"新闻稿：巴拉德报告2024年第三季度业绩","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLDP":0.9},"content_text":"Finance and \n  other \n  (income) \n  loss                       (7,288)               (7,176)             (112) \n Impairment \n  charge on \n  Property, \n  Plant and \n  Equipment                  106,762                     -           106,762 \n Impairment \n  charge on \n  goodwill                    40,277                     -            40,277 \n Impact of \n  unrealized \n  (gains) \n  losses on \n  foreign \n  exchange \n  contracts                    (368)                   655           (1,023) \nAdjusted EBITDA  $          (60,111)  $           (34,936)  $       (25,175) \n---------------  -------------------  --------------------  ---------------- \n \n\n\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/ballard-reports-q3-2024-results-302296353.html \n\n\n     SOURCE Ballard Power Systems Inc. \n\n\n       /CONTACT: Further Information: Sumit Kundu - +1.604.453.3517, investors@ballard.com or media@ballard.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 05, 2024 08:30 ET (13:30 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}