Company profile

Ticker
TTI
Exchange
CEO
Brady M. Murphy
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
742148293

TTI stock data

(
)

Calendar

9 Aug 19
22 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 288.8M 243.73M 282.47M 256.85M
Net income -6.91M -10.84M 4.93M -6.94M
Diluted EPS -0.06 -0.09 0.04 -0.06
Net profit margin -2.39% -4.45% 1.75% -2.70%
Net change in cash -10.89M -3.17M -13.86M -16.26M
Cash on hand 25.98M 36.87M 40.04M 53.9M
Cost of revenue 240.43M 207.52M 237.29M 215.52M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 998.78M 820.38M 694.76M 1.13B
Net income -61.62M -39.05M -161.46M -126.18M
Diluted EPS -0.5 -0.34 -1.85 -1.59
Net profit margin -6.17% -4.76% -23.24% -11.17%
Net change in cash 13.91M -3.71M 6.78M -25.33M
Cash on hand 40.04M 26.13M 29.84M 23.06M
Cost of revenue 836.48M 614.71M 556.55M 940.91M

Financial data from TETRA earnings reports

Financial report summary

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Management Discussion
  • Three months ended June 30, 2019 compared with three months ended June 30, 2018.
  • Consolidated revenues during the current year quarter increased compared to the prior year quarter primarily due to a $36.0 million increase in Compression Division revenues. The increase in Compression Division revenues was primarily driven by increased new compressor equipment sales activity. See Divisional Comparisons section below for additional discussion.
  • Consolidated gross profit during the current year quarter increased slightly compared to the prior year quarter primarily due to increased gross profit from our Completion Fluids & Products and Compression Divisions. This increase was largely offset, however, by the lower gross profit of our Water & Flowback Services Division resulting primarily from increased customer pricing pressures. Despite the improvement in the activity levels of certain of our businesses, domestic onshore and offshore activity levels remain flat and the impact of pricing pressures also continues to impact profitability in certain markets. Operating expenses reflect the increase in consolidated revenues, although we remain aggressive in managing operating costs.
Content analysis ?
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Legalese
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New words: appeal, Chapter, cloud, code, decision, dismissing, District, documentation, Eastern, escrow, hemisphere, involuntary, judgment, lieu, Louisiana, met, Mountain, outlook, passage, petition, pressure, reconsideration, recoverability, recoverable, refurbishing, Rocky, Subtopic, tranche
Removed: analyzing, annualized, assessment, capitalize, evaluating, executing, fabricated, finalized, historically, integration, liquidation, making, permitting, producing, property, rank, satisfied, seeking, unbilled