Tetra Technologies, Inc.'s Portfolio Mix And Completion Fluids & Products Segment Drive Strong First Quarter 2020 Results
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TETRA Technologies (TTI) Tops Q1 EPS by 10c, Revenues Beat
May 5, 2020 7:08 AM EDTTETRA Technologies (NYSE: TTI) reported Q1 EPS of $0.02, $0.10 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $223 million versus the consensus estimate of $221.65 million.
First Quarter 2020 Highlights
Adjusted EBITDA on a consolidated basis before discontinued operations of $48 million, our highest first quarter Adjusted EBITDA in 5 years and a 33% year-on-year quarterly improvementCompletion Fluids & Products achieved $21.6 million of Adjusted EBITDA and 25.8% income before tax margin, up from $10.4 million and 10.0%, respectively, from first quarter of 2019Water & Flowback Services Adjusted EBITDA increased sequentially by $1.2 million on flat revenueTETRA Only... More