TETRA Technologies Second Quarter 2024 Earnings: Misses Expectations

TETRA Technologies (NYSE:TTI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$171.9m (down 2.0% from 2Q 2023).
• Net income: US$7.64m (down 58% from 2Q 2023).
• Profit margin: 4.4% (down from 10% in 2Q 2023).
• EPS: US$0.058 (down from US$0.14 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TETRA Technologies Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 44%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for TETRA Technologies (of which 1 is concerning!) you should know about.

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