TETRA Technologies (TTI) Stock

These major vendors have a global presence in the three major regions of North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and mergers and acquisitions. These major vendors have a global presence in the three major regions of North America, APAC, and Europe. The market competition is expected to intensify further with increased product extensions, technological innovation growth, and mergers and acquisitions.

As the competition increases in the U.S. hand tools market, key differentiators like durability, safety features, tool performance, pricing, and customization will become critical factors for success. Global players' increased presence will likely make it more challenging for smaller regional vendors to maintain their market share, pushing them to innovate or collaborate to stay relevant in this fast-evolving landscape. As the competition increases in the U.S. hand tools market, key differentiators like durability, safety features, tool performance, pricing, and customization will become critical factors for success. Global players' increased presence will likely make it more challenging for smaller regional vendors to maintain their market share, pushing them to innovate or collaborate to stay relevant in this fast-evolving landscape.

TETRA Technologies, Inc. (NYSE:TTI ) Q3 2024 Earnings Conference Call October 30, 2024 10:30 AM ET Company Participants Julian Higuera - Director-FP&A and Investor Relations Brady Murphy - President and Chief Executive Officer Elijio Serrano - Senior Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Kurt Hallead - Benchmark Martin Malloy - Johnson Rice Bobby Brooks - Northland Capital Markets Josh Jayne - Daniel Energy Partners Jesse Sobelson - EF Houghton Dan Weston - WestCap Management Operator Good morning and welcome to TETRA Technologies' Third Quarter 2024 Results Conference Call. All participants will be in a listen-only mode.

Tetra Technologies (TTI) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago.

Third-quarter revenue of $142 million GAAP income before taxes and discontinued operations of $7.6 million and EPS from continuing operations of $0.02 Adjusted EBITDA of $23.5 million and adjusted net income per share of $0.03 Net cash provided by operating activities of $19.9 million, total adjusted free cash flow of $7.4 million, base business adjusted free cash flow(1) of $16.0 million THE WOODLANDS, Texas , Oct. 29, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced third-quarter 2024 financial results and an increasing deepwater backlog following the award of a deepwater project in Brazil. Brady Murphy, TETRA President and Chief Executive Officer, stated, "Despite challenging third quarter headwinds with three Gulf of Mexico hurricanes and weaker U.S. onshore activity, cash provided by operating activities of $19.9 million and Adjusted EBITDA of $23.5 million came in consistent with our expectations.

Tetra Technologies offers a contrarian investment opportunity against the prevailing low oil price outlook advocated by the IEA and EIA, since it provides increasingly crucial oilfield services. TTI's primary exposure is to the US shale industry & offshore oil production around the world, which is expected to increase drilling activities due to global oil supply shortfalls. As prime shale acreage depletes, intensified drilling in second-tier areas just to maintain production volumes will boost demand for TTI's services, enhancing its investment appeal.

Tetra Technologies (TTI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

THE WOODLANDS, Texas , Oct. 10, 2024 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced that its senior management will participate at The MicroCap Rodeo Fall Conference in New York on Wednesday, October 16, 2024.    Brady Murphy, Chief Executive Officer, and Elijio Serrano, Chief Financial Officer will be presenting at 2:30 P.M.

On September 30, 2024, Neuberger Berman Group LLC, a prominent investment management firm, expanded its portfolio by acquiring an additional 575,097 shares of Tetra Technologies Inc (TTI, Financial). This transaction increased the firm's total holdings in TTI to 8,393,900 shares, reflecting a significant commitment to the oil and gas services company.