secwatch.observer — SEC 8-K summary
======================================

Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000844965-24-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Q3 revenue $142M, Adj EBITDA $23.5M; secures Brazil deepwater fluids contract
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000082/0000844965-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000084496524000082/tti-20241029.htm
  HTML page:      https://secwatch.observer/filing/0000844965-24-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer