TETRA Technologies, Inc. Announces Fourth Quarter And Full Year 2018 Results

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Go back to TETRA Technologies, Inc. Announces Fourth Quarter And Full Year 2018 Results

TETRA Technologies (TTI) Tops Q4 EPS by 1c, Revenues Beat

February 28, 2019 7:34 AM EST

TETRA Technologies (NYSE: TTI) reported Q4 EPS of ($0.01), $0.01 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $282.47 million versus the consensus estimate of $264.63 million.

Consolidated profit before taxes and before discontinued operations was $6.1 million, a $19.1 million sequential improvement. Consolidated Adjusted EBITDA before discontinued operations of $46.6 million (16.5% of revenue) increased sequentially by $4.8 million primarily due to much stronger results in our Compression segment, which benefitted from one of the strongest new equipment sales quarters in its history.Water & Flowback Services profit before taxes was $8.0 million, 10.1% of revenue. Adjusted... More