TETRA Q1 2022 revenue $130M (+68% YoY), net income $7.7M, adjusted EBITDA $20.5M

TETRA TECHNOLOGIES INC

2022-Q1 EPS reported $0.06 revenue$130,037,000

Revenue $130M (+68% YoY, +15% QoQ); net income $7.7M vs Q4 loss $703k.
EPS $0.06 vs Q4 loss $0.01; adj EBITDA $20.5M (+57% QoQ).
E.Hemisphere adj EBITDA highest since Q2 2015; Water/Flowback margin 14.5% highest since Q3 2019.
Completed Arkansas brine well for bromine/lithium; awarded Argentina facility; shipping PureFlow to Eos.
Cash from ops $5.9M; adj free cash flow use $2.9M on $12.3M AR increase.

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