THE WOODLANDS, Texas, Jan. 31, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that it will release fourth quarter and full year 2024 results after the closing of the market on Tuesday, February 25, 2025. On February 26, 2025, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call. TETRA invites you to listen to the co ...

Company Overview - TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that enhance quality of life [3] - The company operates on six continents and has a portfolio that includes Energy Services, Industrial Chemicals, and Critical Minerals [3] - TETRA provides products and services to the oil and gas industry and calcium chloride for various applications, while also expanding into the low-carbon energy market [3] - The company leverages its chemistry expertise, key mineral acreage, and global infrastructure to meet the demand for sustainable energy in the 21st century [3] Upcoming Events - TETRA's senior management will participate in the 27th Annual Needham Growth Conference in New York on January 14th and 15th, 2025 [1] - CEO Brady Murphy and CFO Elijio Serrano will host one-on-one meetings and present on January 14 from 8:45 A.M. to 9:25 A.M. (ET) [2] - The presentation will be webcast, and interested parties can register for one-on-one meetings at the Lotte New York Palace Hotel [2]

Market Overview - The global power tools market is projected to grow at a CAGR of 6.36% from 2023 to 2029 [2] - The estimated market value in 2023 is $40 billion, with a forecasted value of $57.9 billion by 2029 [22] Regional Insights - APAC held the largest share of the global power tools market, accounting for over 36% in 2023 [16] - China and India are significant drivers of growth in the construction industry due to rapid urbanization and industrialization [3][4] Adoption Trends - The adoption of power tools is increasing across various industries due to their productivity, precision, and efficiency benefits [5] - The rise in DIY projects and home improvement activities is boosting the power tools market, particularly in developed and developing economies [6][9] Market Segmentation - By operation type, the cutting segment is expected to be the largest revenue segment [10] - The drilling and fastening tools segment held the largest share of the global power tools market in 2023 [12] - The electric-powered segment dominates the market, with significant growth projected due to innovations in battery technology [13] Competitive Landscape - The market is moderately fragmented, with key players including Stanley Black & Decker, Bosch Power Tools, and TTI [19] - Bosch Power Tools leads through technological advancements, while local vendors compete in this dynamic landscape [19] Key Questions Addressed - The report addresses key questions regarding market dominance, size, growth rate, trends, and key players in the global power tools market [21]

Core Viewpoint - TETRA Technologies, Inc. has launched TETRA Oasis TDS, a comprehensive water treatment and desalination technology aimed at beneficial re-use and mineral extraction from oil and gas produced water [1][3]. Company Developments - TETRA has successfully completed a commercial pilot project for desalinating produced water from the Delaware Basin, meeting Texas Railroad Commission standards and passing third-party Whole Effluent Toxicity testing [2][4]. - The company achieved a 92% recovery rate of desalinated water in its first field pilot program, with total dissolved solids levels between 40 ppm and 200 ppm, surpassing municipal drinking water standards [4]. - TETRA has engaged with high-quality customers to address water challenges and has seven non-disclosure agreements in place, indicating strong interest in its proprietary technology [5]. Market Opportunity - Rystad Energy estimates that produced water volumes in the Permian Basin will reach 8.3 billion barrels in 2024, a 5% increase from 2023, highlighting a growing market for water treatment solutions [5]. - The handling and treatment of produced water is identified as a $4 billion annual market opportunity in the Permian Basin, making it one of the fastest-growing sectors in the oil and gas industry [5]. Technology and Process - TETRA Oasis TDS involves multiple processing stages, starting with pre-treatment of produced water, followed by desalination using exclusive technologies from KMX and Hyrec [6][7]. - The final stage includes post-treatment to meet customer specifications and may involve mineral extraction, enhancing economic benefits [8]. Company Overview - TETRA Technologies, Inc. operates globally, focusing on environmentally conscious services and solutions across energy services, industrial chemicals, and critical minerals [11].

Company Overview - TETRA Technologies, Inc. is an energy services and solutions company focused on environmentally conscious services and solutions [3] - The company operates on six continents and has a portfolio that includes Energy Services, Industrial Chemicals, and Critical Minerals [3] - TETRA provides products and services to the oil and gas industry and calcium chloride for diverse applications, while also expanding into the low-carbon energy market [3] Upcoming Event - TETRA's senior management will participate in the 2024 Wells Fargo 23rd Annual Midstream, Energy and Utilities Symposium in New York on December 10, 2024 [1] - CEO Brady Murphy and CFO Elijio Serrano will host one-on-one meetings from 8:00 A.M. to 5:00 P.M. (ET) on the same day [1]

Market Overview - The Smart Outdoor Power Equipment Market was valued at USD 8.45 Billion in 2023 and is projected to reach USD 11.56 Billion by 2029, with a CAGR of 5.36% [1] - The market is moderately fragmented, dominated by key players such as Stanley Black & Decker, Bosch, and TTI [1] Market Trends & Drivers - The growth of DIY culture and demand for user-friendly equipment is leading vendors to customize products for home improvement, making them more compact, lightweight, and affordable [2] - Industry 4.0 and smart precision manufacturing are transforming the market, with advancements in IoT, AI, and robotics enhancing the production of cordless and connected smart outdoor power equipment [5] - The expansion of rental services is driving demand, allowing consumers and businesses to access the latest equipment without significant financial commitment [6] Regional Insights - North America accounted for over 36% of the global market share in 2023, driven by consumer demand for advanced products and substantial R&D investments [3] - The region's growth is supported by advances in Li-ion battery technology, leading to increased demand for cordless smart outdoor power equipment [4] Adoption & Consumer Behavior - The adoption of smart outdoor power equipment is increasing due to their productivity, precision, and efficiency advantages over traditional tools [7] - The rise in residential improvement and DIY projects is notable, with consumers in developed and developing economies engaging in home maintenance activities [8]

Dublin, Nov. 20, 2024 (GLOBE NEWSWIRE) -- The "U.S. Hand Tools Market Research Report 2024-2029" report has been added to ResearchAndMarkets.com's offering.The U.S. Hand Tools Market was valued at USD 5.46 billion in 2023, and is expected to reach USD 6.84 billion by 2029, rising at a CAGR of 3.83% The U.S. hand tools market is highly competitive and marked by low market concentration, with numerous players vying for market share. Major companies like Stanley Black & Decker, Emerson, Apex Tool Group, Snap- ...

Financial Data and Key Metrics - Q3 2024 revenue was $142 million, down 6% YoY and from Q1 2024 [10] - Adjusted EBITDA for Q3 was $23.5 million, down $2.5 million YoY but up $700,000 from Q1 2024 [10] - Trailing 12 months adjusted EBITDA was $101 million [15] - Trailing 12 months adjusted free cash flow was over $7 million, despite $23 million investment in Arkansas [15] - Current liquidity is approximately $197 million, including a $75 million delayed draw feature for the Arkansas bromine project [15] - Net leverage ratio at the end of Q3 was 1.5x [39] - Return on capital for the trailing 12 months was 16.6%, compared to a weighted average cost of capital of 11%-12% [39] Business Segment Performance Completion Fluids & Products - Q3 adjusted EBITDA margin was 31.7%, with a record 32.1% excluding unrealized gains/losses on investments, up 200 basis points YoY and 80 basis points from Q1 2024 [9][16] - Major deepwater completions fluid award in Brazil, a multi-well, multi-year contract for high-density bromine-based completion fluids [11] - Introduction of TETRA X, a new corrosion inhibitor for high-temperature downhole environments, expected to expand market share [17] - Q4 expected to be comparable to slightly down from Q3 due to hurricane impacts on deepwater completion schedules [18] Water & Flowback Services - Q3 adjusted EBITDA margin was 14.6%, consistent with goals [19] - Record produced water recycling for frac reuse, with another record expected in Q4 [12][21] - Automation efforts are reducing labor costs, the highest cost in this segment, with 20% of the fleet automated and another 20% to be upgraded in 2025 [19][21] - Q4 revenue expected to be down, but margins to remain in the mid-teens due to increased recycling and automation [34] Market Performance - U.S. onshore frac crew activity down close to 25% over the past 18 months, impacting completion-related revenues [19] - Gulf of Mexico remains a technically challenging market, with TETRA recognized as the performance leader by Kimberlite [14] - Brazil deepwater market is growing, with TETRA securing a second major deepwater fluid award in three years [11] Strategic Initiatives and Industry Competition - Focus on automation and technology deployment to enhance efficiency and safety in Water & Flowback Services [20] - Progress in water desalination and beneficial reuse, with pilot projects in the Permian Basin and discussions with multiple major customers [22] - Collaboration with Eos Energy for long-duration energy storage electrolyte, with increased manufacturing capacity to meet demand [23] - Arkansas bromine project has compelling economics, with a $270 million CapEx investment expected to yield $90-$115 million in annual adjusted EBITDA [24] - Lithium project engineering studies ongoing, with a focus on near-term strategic initiatives like TETRA CS Neptune Fluids and PureFlow+ electrolyte shipments [26] Management Commentary on Operating Environment and Future Outlook - Despite hurricane disruptions and lower U.S. land completion activity, Q3 financial performance met expectations [8] - Strong momentum for 2025, driven by deepwater market recovery, automation, produced water recycling, and electrolyte sales [43] - Visibility for Completion Fluids & Products segment is the highest in many years, with a strong backlog for 2025 [30] - Q4 adjusted EBITDA expected to be modestly below Q3, but a material ramp-up is anticipated in Q1 2025 [33] Other Important Information - Industrial chemicals business, primarily calcium chloride, generates approximately $140 million annually, with EBITDA margins around 30% [32] - Marketable securities holdings of over $14 million, including Standard Lithium and Kodiak Gas Services, provide additional liquidity [39] - Cost reduction actions initiated in Q3, including a 6% reduction in SG&A headcount [42] Q&A Session Summary Deepwater Projects and CS Neptune - Additional CS Neptune projects in the Gulf of Mexico are likely in 2025, with discussions ongoing with operators [28][46] - Neptune projects are unique, with no competing offerings in the same price range, making TETRA the preferred choice [47] Water & Flowback Business Outlook - 2025 expected to be flattish in terms of activity, with a focus on margin enhancement through automation and recycling [48] Water Desalination and Bromine Project - Water desalination technology is proprietary, with pre-treatment and post-treatment processes unique to TETRA [64][66] - Bromine project likely to be staged, with initial production targeting 66% of DFS volumes and significant CapEx savings [59][62] Lithium Royalties and Standard Lithium - AOGC ruling on lithium royalties expected soon, with TETRA holding a 2.5% royalty on Standard Lithium's production [69][72] - Standard Lithium received a grant from the Department of Energy and partnered with Equinor, indicating strong future production potential [73][74] Automation and TETRA X - Automation in Water & Flowback Services is well-received, with maximum utilization of automated equipment [83] - TETRA X, a high-temperature corrosion inhibitor, is expected to contribute to premium pricing in high-temperature well markets [86] PureFlow+ Electrolyte Business - TETRA is prepared to meet Eos Energy's demand for PureFlow+ and full electrolyte, with blending capacity expanded in West Memphis [90] - Margins for the electrolyte business are expected to be consistent with the oil and gas sector [92] Middle East Sandstorm Deployment - Sandstorm deployment in the Middle East is progressing, with trials expected in Q1 2025 [94]

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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this oil and gas services company would post earnings of $0.10 per share when it actually produced earnings of $0.07, delivering a surprise of -30%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Tetra T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number 1-13455 TETRA Technologies, Inc. (Exact name of registrant as specified in its charter) Delaware 74-2148293 (State or Other Jur ...