TETRA Technologies (TTI) Tops Q2 EPS by 4c
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TETRA TECHNOLOGIES, INC. ANNOUNCES STRONG SECOND QUARTER 2023 RESULTS WITH REVENUE OF $175.5 MILLION, GAAP EPS OF $0.14, GAAP NET INCOME OF $18.2 MILLION AND ADJUSTED EBITDA OF $36.0 MILLION
July 31, 2023 5:00 PM EDTSecond quarter revenue is a record high for the Company, excluding discontinued operations, and increased 25% year-over-year.Net income improved 9 times, or by $16.4 million, year-over-year.Net income per share attributable to TETRA stockholders of $0.14 compares to $0.01 in the same quarter a year ago.Net cash provided by operating activities was $28.4 million while adjusted free cash flow was $17.7 million.Adjusted EBITDA increased 93% year-over-year and 75% quarter-over-quarter.
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