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Earnings Call Summary | Tetra Technologies(TTI.US) Q1 2024 Earnings Conference

Earnings Call Summary | Tetra Technologies(TTI.US) Q1 2024 Earnings Conference

财报电话会议摘要 | 利乐科技(TTI.US)2024 年第一季度财报会议
moomoo AI ·  05/01 23:24  · 电话会议

The following is a summary of the TETRA Technologies, Inc. (TTI) Q1 2024 Earnings Call Transcript:

以下是利乐科技公司(TTI)2024年第一季度财报电话会议记录摘要:

Financial Performance:

财务业绩:

  • TETRA Technology witnessed 3% year-on-year revenue growth, with an adjusted EBITDA increase of 11%.

  • The company reported an adjusted EBITDA of $22.8 million and adjusted EBITDA margins for Completion Fluids & Products at 28.1%.

  • Revenues for Water & Flowback Services fell by 5% year-on-year, leading to a $5.8 million reduction in adjusted EBITDA.

  • The firm anticipates achieving over $30 million in adjusted EBITDA for Q2 2024 and expects free cash flow to be over $40 million for the year.

  • 利乐科技的收入同比增长了3%,调整后的息税折旧摊销前利润增长了11%。

  • 该公司报告称,调整后的息税折旧摊销前利润为2,280万美元,完井液和产品的调整后息税折旧摊销前利润率为28.1%。

  • 水和回流服务的收入同比下降5%,导致调整后的息税折旧摊销前利润减少了580万美元。

  • 该公司预计,2024年第二季度调整后的息税折旧摊销前利润将超过3000万美元,并预计该年度的自由现金流将超过4000万美元。

Business Progress:

业务进展:

  • The company's Completion Fluids & Products saw increased activity in the Gulf of Mexico and the Middle East, enhancing adjusted EBITDA by 20% sequentially.

  • TETRA Technology is preparing for increased offshore and deepwater activity through strategic capacity investments in Brazil, the Gulf of Mexico, and the North Sea, indicating a bullish outlook for deepwater market growth.

  • Plans are in place to have the first commercial desalination contract for beneficial reuse operational by 2025 and to have the Arkansas Bromine Plant operational by 2026.

  • They seek to improve margins through implementing automation technology in water services and flowback businesses, targeting a 20% margin level by 2025.

  • TETRA Technology expects to further its growth in 2024 and generate strong free cash flow from their base business, suggesting a positive future performance.

  • 该公司的完井液和产品在墨西哥湾和中东的活动有所增加,调整后的息税折旧摊销前利润连续增长了20%。

  • TETRA Technology正在通过对巴西、墨西哥湾和北海的战略产能投资,为增加海上和深水活动做准备,这表明深水市场的增长前景看涨。

  • 计划到2025年使第一份商业海水淡化合同投入运营,并在2026年之前使阿肯色溴厂投入运营。

  • 他们寻求通过在供水服务和回流业务中实施自动化技术来提高利润率,目标是到2025年将利润率提高20%。

  • TETRA Technology预计将在2024年进一步增长,并从其基础业务中产生强劲的自由现金流,这表明未来表现良好。

More details: Tetra Technologies IR

更多详情: 利乐科技红外

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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