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Jun 30, 2023
TETRA Q2 2023 Earnings Report
Reported record high revenue, excluding discontinued operations, and a nine-fold increase in net income year-over-year.
Key Takeaways
TETRA Technologies, Inc. announced strong second quarter 2023 results, with record high revenue of $175.5 million, excluding discontinued operations. GAAP EPS was $0.14, GAAP net income was $18.2 million, and adjusted EBITDA was $36 million. Net income improved 9 times year-over-year.
Second quarter revenue reached a record high, excluding discontinued operations, increasing 25% year-over-year.
Net income improved ninefold, or by $16.4 million, year-over-year.
Net income per share attributable to TETRA stockholders was $0.14, compared to $0.01 in the same quarter last year.
Net cash provided by operating activities was $28.4 million, while adjusted free cash flow was $17.7 million.
Revenue by Segment
Forward Guidance
No forward guidance provided in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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