secwatch.observer — SEC 8-K summary
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Issuer:     Select Water Solutions, Inc. (WTTR)
CIK:        0001693256
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000950170-23-037347
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023037347/0000950170-23-037347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1693256/000095017023037347/wttr-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-037347

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