earnings
confidence high
sentiment positive
materiality 0.70
TETRA Q3 revenue $142M, Adj EBITDA $23.5M; secures Brazil deepwater fluids contract
TETRA TECHNOLOGIES INC
2024-Q3 EPS reported
$0.05
revenue$464,607,000
- Q3 revenue $142M (down 6% YoY); GAAP EPS from continuing ops $0.02; adjusted EPS $0.03.
- Adjusted EBITDA $23.5M; Completion Fluids margins 31.7%, Water & Flowback 14.6%.
- Cash from ops $19.9M; total adjusted FCF $7.4M; base business adjusted FCF $16.0M.
- Awarded multi-well, multi-year deepwater completion fluids contract in Brazil; becomes market leader.
- Initiated 6.5% global SG&A headcount reduction; expects slower Q4 but strong start to 2025.