Select Water Solutions Q2 revenue $405M (+20% YoY), net income $22.6M; realigns segments

Select Water Solutions, Inc.

Revenue $404.6M (Q2 2023), up 20% YoY; net income $22.6M, +55% YoY; Adj. EBITDA $69.8M, +47% YoY.
Cash flow from operations $102M; reduced AR by $62M and raised year-end AR reduction target to $100M.
Repurchased $39M of shares (~5% of Class A) and paid $5.9M dividends; net debt reduced $10.5M.
Moved water sourcing and temporary logistics from Water Infrastructure to Water Services; renamed Oilfield Chemicals to Chemical Technologies.
Q3 outlook: Water Services revenue down low- to mid-single digits; Water Infrastructure revenue up mid-single digits with margin improvement.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Select Water Solutions, Inc. reported second quarter ended June 30, 2023 results: revenue $405 million, net income $22.6 million.

Period: second quarter ended June 30, 2023
Revenue: $405 million
Net income: $22.6 million
Result: reported results

Exact text from the filing

Generated revenue of $405 million during the second quarter of 2023

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Select Water Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-037347

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