TETRA reports Q4 revenue $153M, Adj EBITDA up 19% YoY; highlights lithium resource milestone

TETRA TECHNOLOGIES INC

2023-FY EPS reported $0.20 revenue$626,262,000

Q4 revenue $153.1M (+4% YoY); net loss $4.2M but adjusted net income $3.8M ($0.03/sh).
Full year 2023 income from continuing ops $25.5M (+235%); Adj EBITDA $106.8M (+37%).
Liquidity >$200M after term loan refinancing; net leverage 1.13x.
Arkansas Evergreen Brine Unit approved; lithium resource 22 tons/acre (highest U.S. brine reported).
Eos expanded partnership; TETRA to supply min. 75% of electrolyte demand.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TETRA TECHNOLOGIES INC reported the fourth quarter and total year ended December 31, 2023 results: revenue $153.1 million, net income net loss before discontinued operations was $4.2 million, EPS $0.03.

Period: the fourth quarter and total year ended December 31, 2023
Revenue: $153.1 million
Net income: net loss before discontinued operations was $4.2 million
EPS: $0.03
Result: reported results

Exact text from the filing

ANNOUNCES FOURTH QUARTER AND TOTAL YEAR 2023 RESULTS • Fourth quarter revenue of $153.1 million increased 4% year-over-year. • Fourth quarter net loss before discontinued operations was $4.2 million and net loss per share was $0.03.

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Source: SEC EDGAR

accession 0000844965-24-000018

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