Tetra Technologies Inc (TTI) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Home SEC Filings Tetra Technologies Inc (TTI) 10-K Annual Report Mon Mar 04 2019

Exhibit 99.1

FOR IMMEDIATE RELEASE

 

 

 

 

 

TETRA TECHNOLOGIES, INC. ANNOUNCES

FOURTH QUARTER AND FULL YEAR 2018 RESULTS

 

THE WOODLANDS, Texas, February 28, 2019 / PR Newswire / - TETRA Technologies, Inc. (“TETRA” or the “Company”) (NYSE:TTI) today announced consolidated

fourth quarter 2018 earnings per share before discontinued operations attributable to TETRA stockholders of $0.04.  This compares to a consolidated net loss of $0.06 per share before discontinued operations attributable to TETRA stockholders in the third quarter of 2018, and a consolidated net loss per share before discontinued operations attributable to TETRA stockholders of $0.22 in the fourth quarter of 2017.

 

TETRA's adjusted per share results attributable to TETRA stockholders for the fourth quarter of 2018(1), before discontinued operations and excluding special items, was a net loss per share of $0.01.  This compares to an adjusted loss per share of $0.02 in the third quarter of 2018(1) and adjusted loss per share of $0.03 in the fourth quarter of 2017(1), before discontinued operations and excluding special items.

 

Fourth quarter 2018 revenue before discontinued operations was $282 million, an increase of 10% over the third quarter of 2018 and 41% over the fourth quarter of last year.

 

Total year 2018 revenue before discontinued operations was $999 million, an increase of 38% over 2017.

 

 

(1)

Adjusted earnings/loss per share is not a generally accepted accounting principle in the United States (“GAAP”). Please see Schedule F for the reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measure.)

 

Fourth Quarter 2018 Results

 

Three Months Ended

 

December 31, 2018

 

September 30, 2018

 

December 31, 2017

 

(In Thousands, Except per Share Amounts)

Revenue before discontinued operations

$

282,471

 

 

$

256,851

 

 

$

200,081

 

Income (Loss) before discontinued operations

3,316

 

 

(12,852

)

 

(31,726

)

Adjusted EBITDA before discontinued operations(2)

46,609

 

 

41,803

 

 

29,635

 

GAAP EPS before discontinued operations attributable to TETRA stockholders

0.04

 

 

(0.06

)

 

(0.22

)

Adjusted EPS attributable to TETRA stockholders(2)

(0.01

)

 

(0.02

)

 

(0.03

)

GAAP net cash provided by operating activities

44,953

 

 

            13,760

 

 

27,761

 

TETRA only adjusted free cash flow from continuing operations(2)

$

15,598

 

 

$

(558

)

 

$

4,361

 

 

 

1

 

The following information was filed by Tetra Technologies Inc (TTI) on Thursday, February 28, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Tetra Technologies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Tetra Technologies Inc.

Continue

Rating

Learn More
Filter by Sentiment:
All
Positive
Negative
Filter by Category:
All
Financial
Revenue
M & A
Other
Filter by Subcategory:
All
Cash Flow
Product
Earnings
Income
Debt
Expense
Shares
Geography
Other
Inside Tetra Technologies Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

SEC Filing Financial Summary

Microsoft Excel Excel Download

Loading SEC Filing Financial Summary...

Ticker: TTI
CIK: 844965
Form Type: 10-K Annual Report
Accession Number: 0000844965-19-000003
Submitted to the SEC: Mon Mar 04 2019 11:44:13 AM EST
Accepted by the SEC: Mon Mar 04 2019
Period: Monday, December 31, 2018
Industry: Crude Petroleum And Natural Gas

External Resources:
Insider Transactions
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/tti/0000844965-19-000003.htm

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account