secwatch.observer — SEC 8-K summary
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Issuer:     TETRA TECHNOLOGIES INC (TTI)
CIK:        0000844965
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0001628280-23-014632
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TETRA Technologies Q1 revenue up 12% YoY to $146M; EPS $0.05; guides Q2 revenue $165-175M
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- Revenue $146M, +12% YoY; EPS $0.05 vs loss $0.01 in Q4 2022.
- Adjusted EBITDA $20.6M (14.1% of revenue), up slightly YoY; free cash flow use of $3.7M.
- Completion Fluids & Products revenue $69M, margin 26.1%; Water & Flowback revenue $77M, margin 16.7%.
- Q2 guidance: revenue $165-175M, Adj. EBITDA $27-30M; expects highest Completion Fluids revenue in over 7 years.
- Signed agreement to expand Brazil completion fluids capacity; closing expected Q2 2023 subject to approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/844965/000162828023014632/0001628280-23-014632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/844965/000162828023014632/tti-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-014632

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