TETRA Technologies, Inc. Announces Strong Second Quarter Improvements in Revenue and Results
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TETRA Technologies (TTI) Reports In-Line Q2 EPS, Revenues Beat
August 8, 2019 7:02 AM EDTTETRA Technologies (NYSE: TTI) reported Q2 EPS of ($0.02), in-line with the analyst estimate of ($0.02). Revenue for the quarter came in at $289 million versus the consensus estimate of $282.36 million.
Brady M. Murphy, TETRA's Chief Executive Officer, stated, "I'm very pleased with our second quarter performance. We achieved sequential Adjusted EBITDA(2) improvement across all three of our segments and record high gross margins and utilization for our compression services equipment since the acquisition of Compressor Systems, Inc. in 2014. In a challenging macro environment we exceeded $50 million of Adjusted EBITDA, the highest Adjusted EBITDA since the third quarter... More
