Company profile

Patrick David Quarles
Fiscal year end
Industry (SIC)
Former names
Arabian American Development Co, Arabian Shield Development Co
IRS number

TREC stock data



8 May 20
3 Aug 20
31 Dec 20


Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 62.07M 61.72M 62.72M 69.37M
Net income 10.72M -19.71M 581K 2.4M
Diluted EPS 0.42 -0.8 0.02 0.1
Net profit margin 17.27% -31.94% 0.93% 3.47%
Operating income 1.19M -21.91M 2.96M 4.28M
Net change in cash 31.31M -3.01M 4.83M -2.51M
Cash on hand 37.45M 6.15M 9.16M 4.33M
Cost of revenue 53.99M 53.41M 53.15M 58.81M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 258.96M 287.93M 245.14M 212.4M
Net income -14.97M -2.33M 18.01M 19.43M
Diluted EPS -0.61 -0.1 0.72 0.78
Net profit margin -5.78% -0.81% 7.35% 9.15%
Operating income -10.86M 2.2M 18.28M 18.71M
Net change in cash -590K 3.71M -5.36M -10.23M
Cash on hand 6.15M 6.74M 3.03M 8.39M
Cost of revenue 220.44M 260.11M 203.58M 172.5M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
16 Jun 20 Loggenberg Peter Matthews Common stock Payment of exercise Dispose F No 5.51 853 4.7K 46,714
16 Jun 20 Loggenberg Peter Matthews Common stock Option exercise Aquire M No 5.51 2,842 15.66K 47,567
16 Jun 20 Loggenberg Peter Matthews restricted common stock Common stock Other Dispose J No 0 8,528 0 67,901
16 Jun 20 Loggenberg Peter Matthews restricted common stock Common stock Option exercise Dispose M No 5.51 2,842 15.66K 76,429
16 Jun 20 Ahmad Sami Common stock Payment of exercise Dispose F No 5.51 587 3.23K 11,557
16 Jun 20 Ahmad Sami Common stock Option exercise Aquire M No 5.51 2,347 12.93K 12,144
16 Jun 20 Ahmad Sami RSU Common stock Other Dispose J No 0 7,044 0 54,779
16 Jun 20 Ahmad Sami RSU Common stock Option exercise Dispose M No 5.51 2,347 12.93K 61,823
4 Jun 20 Townsend John Richard Common stock Payment of exercise Dispose F No 6.71 2,107 14.14K 16,759
4 Jun 20 Townsend John Richard Common stock Grant Aquire A No 6.71 7,023 47.12K 18,866
53.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 63 66 -4.5%
Opened positions 9 10 -10.0%
Closed positions 12 4 +200.0%
Increased positions 21 32 -34.4%
Reduced positions 25 14 +78.6%
13F shares
Current Prev Q Change
Total value 117.7M 129.65M -9.2%
Total shares 13.13M 12.93M +1.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Wellington Management 3.4M $20.22M +1.4%
Vanguard 1.52M $9.05M -3.6%
Dimensional Fund Advisors 1.23M $7.33M +3.0%
BLK BlackRock 1.2M $7.16M +1.4%
Royce & Associates 1.19M $7.08M +3.8%
Rutabaga Capital Management 755.38K $4.5M +11.2%
Tieton Capital Management 550.77K $3.28M -2.9%
STT State Street 419.4K $2.5M +1.2%
Uniplan Investment Counsel 337.68K $2.01M +15.9%
NTRS Northern Trust 254.32K $1.51M +6.1%
Largest transactions
Shares Bought/sold Change
Yacktman Asset Management 215K +215K NEW
22NW 240.91K +127.06K +111.6%
Rutabaga Capital Management 755.38K +76.33K +11.2%
Monarch Partners Asset Management 0 -72.18K EXIT
Vanguard 1.52M -56.57K -3.6%
Millennium Management 0 -56.39K EXIT
Wedge Capital Management L L P 28.58K -49.8K -63.5%
Wellington Management 3.4M +47.5K +1.4%
Uniplan Investment Counsel 337.68K +46.36K +15.9%
Royce & Associates 1.19M +43.53K +3.8%

Financial report summary

  • We rely on a limited number of customers, including one customer that represented more than 10% of our consolidated revenue in 2019. A significant change in customer relationships or in customer demand for our products could materially adversely affect our results of operations, financial condition and cash flows.
  • Our industry is highly competitive, and we may lose market share to other producers of specialty petrochemicals, specialty waxes or other products that can be substituted for our products, which may adversely affect our results of operations, financial condition and cash flows.
  • Loss of key employees, our inability to attract and retain new qualified employees or our inability to keep our employees
  • focused on our strategies and goals could have an adverse impact on our operations.
  • If the availability of our raw materials is limited, we may be unable to produce some of our products in quantities sufficient to meet customer demand or on favorable economic terms, which could have an adverse effect on our results of operations, financial condition and cash flows.
  • We are subject to numerous regulations that could require us to modify our current business practices and incur increased costs.
  • Increases in the costs of our raw materials could have an adverse effect on our financial condition and results of operations if those costs cannot be passed onto our customers.
  • If we are unable to access third-party transportation for our raw materials and finished products, we may not be able to fulfill our obligations to our customers in a timely manner, which could have a material adverse effect on our results of operations, financial condition and cash flows.
  • Failure to successfully consummate extraordinary transactions, including the integration of other businesses, assets, products or technologies, or realize the financial and strategic goals that were contemplated at the time of any such transaction may adversely affect our future business, results of operations and financial condition.
  • Adverse results of legal proceedings could materially adversely affect us.
  • Maintenance, expansion and refurbishment of our facilities and the development and implementation of new manufacturing processes involve significant risks which may adversely affect our business, results of operations, financial condition and cash flows.
  • There are certain hazards and risks inherent in our operations that could adversely affect those operations and results of operations and financial condition.
  • We expect to continue to incur capital expenditures and operating costs as a result of our compliance with existing and future environmental laws and regulations.
  • If we are not able to continue the technological innovation and successful commercial introduction of new products, our customers may turn to other producers to meet their requirements, which may adversely affect our results of operations, financial condition and cash flows.
  • Conditions in the global economy may adversely affect our results of operations, financial condition and cash flows.
  • The adoption of climate change legislation or regulation could result in increased operating costs and reduced demand for our products.
  • We are exposed to local business risks in different countries, which could have a material adverse effect on our financial condition and results of operations.
  • Increased information systems security threats and more sophisticated and targeted computer crime could pose a risk to our systems, networks, products and services.
  • Implementation of changes to our enterprise resource planning ("ERP") system may adversely affect our business and results of operations or the effectiveness of internal controls over financial reporting.
  • Certain activist stockholders actions could cause us to incur expense and hinder execution of our strategy.
  • The covenants in the instruments that govern our outstanding indebtedness may limit our operating and financial flexibility.
  • Our substantial indebtedness could limit cash flow available for our operations and could adversely affect our ability to service debt or obtain additional financing if necessary.
  • To service our current, and any future, indebtedness, we will require a significant amount of cash, which may adversely affect our future results.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We from time to time are subject to contingent liabilities. If any contingent liabilities become actual liabilities, our financial condition may be adversely affected.
  • We do not control the activities of AMAK and are dependent on AMAK's management and board of directors.
  • Cost pressures could negatively impact AMAK's operating margins and expansion plans.
  • We may be unable to recover our investment in AMAK, which could adversely affect our results of operations and financial condition.
  • AMAK may have fewer mineral reserves than its estimates indicate.
Management Discussion
  • Some of the statements and information contained in this Quarterly Report on Form 10-Q may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company's financial position, business strategy and plans and objectives of the Company's management for future operations and other statements that are not historical facts, are forward-looking statements. Forward-looking statements are often characterized by the use of words such as "outlook," "may," "will," "should," "could," "expects," "plans," "anticipates," "contemplates," "proposes," "believes," "estimates," "predicts," "projects," "potential," "continue," "intend," or the negative of such terms and other comparable terminology, or by discussions of strategy, plans or intentions.
  • Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance or our achievements, or industry results, to differ materially from historical results, any future results, or performance or achievements expressed or implied by such forward–looking statements. Such risks, uncertainties and factors include, but are not limited to: not completing, or not completely realizing the anticipated benefits from, the sale of our stake in AMAK; general economic and financial conditions domestically and internationally; insufficient cash flows from operating activities; our ability to attract and retain key employees; feedstock, product and mineral prices; feedstock availability and our ability to access third party transportation; competition; industry cycles; natural disasters or other severe weather events, health epidemics and pandemics (including COVID-19) and terrorist attacks; our ability to consummate extraordinary transactions, including acquisitions and dispositions, and realize the financial and strategic goals of such transactions; technological developments and our ability to maintain, expand and upgrade our facilities; regulatory changes; environmental matters; lawsuits; outstanding debt and other financial and legal obligations (including having to return the amounts borrowed under the Paycheck Protection Program or failing to qualify for forgiveness of such loans, in whole or in part); difficulties in obtaining additional financing on favorable conditions, or at all; local business risks in foreign countries, including civil unrest and military or political conflict, local regulatory and legal environments and foreign currency fluctuations; and other risks detailed in our latest Annual Report on Form 10-K, including but not limited to: "Part I, Item 1A. Risk Factors" and "Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations" therein, and in our other filings with the Securities and Exchange Commission (the "SEC"). Many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID–19 pandemic.
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