Trecora Resources (TREC) Reports Q4 Loss of $0.01, Revenues Beat; Launches $20M Share Buyback

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Go back to Trecora Resources (TREC) Reports Q4 Loss of $0.01, Revenues Beat; Launches $20M Share Buyback

Trecora Resources Announces Fourth Quarter and Full Year 2020 Results

March 8, 2021 4:05 PM EST

SUGAR LAND, Texas, March 8, 2021 /PRNewswire/ -- Trecora Resources ("Trecora" or the "Company") (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the fourth quarter and full year ended December 31, 2020. 

Executive Commentary

"We fulfilled the commitments we pledged at the onset of 2020 despite the extraordinary challenges that unfolded during the year. Completing the sale of our non-core AMAK investment strengthened our balance sheet by allowing us to significantly reduce bank debt to target levels while also maintaining significant liquidity for growth... More