Core Viewpoint - Weatherford International plc has appointed Anuj Dhruv as Executive Vice President and Chief Financial Officer, aiming to enhance leadership and drive shareholder returns [1][2]. Group 1: Leadership Changes - Anuj Dhruv brings over two decades of experience in global finance, strategy, and transformation across various industries, including technology, energy, and chemicals [3]. - Girish Saligram, President and CEO of Weatherford, expressed confidence that Dhruv's expertise will help position the company for future growth [2]. Group 2: Anuj Dhruv's Background - Prior to joining Weatherford, Dhruv served as Vice President of Finance and Strategy for LyondellBasell's Global Olefins and Polyolefins segment, overseeing a $29 billion revenue segment [3]. - Dhruv has held strategic leadership roles at Schlumberger and Microsoft, focusing on optimizing financial performance and leading complex M&A transactions [3]. Group 3: Company Overview - Weatherford provides innovative energy services that combine proven technologies with advanced digitalization to maximize value and return on investment [4]. - The company operates in approximately 75 countries with around 18,000 team members from over 110 nationalities [4].

Group 1 - U.S. stock futures are higher, with Dow futures gaining around 300 points [1] - Northrop Grumman Corporation reported quarterly earnings of $6.06 per share, missing the analyst consensus estimate of $6.26 per share [2] - Northrop Grumman's quarterly sales were $9.468 billion, which also missed the analyst consensus estimate of $9.936 billion [2] - Following the earnings report, Northrop Grumman shares fell 8.5% to $485.99 in pre-market trading [2] Group 2 - USA Rare Earth, Inc. shares dipped 9.3% to $10.65 in pre-market trading [3] - Tyra Biosciences, Inc. declined 7.3% to $8.40 in pre-market trading [3] - National Energy Services Reunited Corp. shares dipped 6.9% to $5.60 in pre-market trading [3] - Celcuity Inc. declined 6.1% to $9.81 in pre-market trading [3] - SITE Centers Corp. shares fell 5.7% to $11.01 in pre-market trading [3] - Halliburton Company declined 5.7% to $20.67 following first-quarter results [3] - Five Point Holdings, LLC declined 5.3% to $4.61 in pre-market trading [3]

Core Viewpoint - Koil Energy Solutions, Inc. has appointed Mr. Mads Andersen as an independent, non-executive director to its Board of Directors, effective immediately, which is expected to enhance the company's growth strategy and international ambitions [1][3]. Company Overview - Koil Energy Solutions is a leading energy services company that provides subsea equipment and support services to the global energy and offshore industries [3]. New Board Member Profile - Mr. Mads Andersen is the CEO of Aibel ASA, a Norway-based energy services company with 5,000 employees and an annual revenue of US$ 1.5 billion [2]. - He has over 30 years of experience in the international oil and gas and energy services industry, with previous roles including Divisional President at OneSubsea (SLB) and Executive Vice President at Aker Solutions [2]. - Mr. Andersen holds a master's degree in mechanical engineering from the University of Glasgow, Scotland [2]. Strategic Implications - The addition of Mr. Andersen to the Board is anticipated to provide valuable insights into international business development, growth strategy, and mergers and acquisitions (M&A) for Koil Energy [3].

Group 1 - The Zacks Rank emphasizes earnings estimates and revisions to identify strong stocks, while also considering value, growth, and momentum trends [1] - Value investing is a popular strategy that relies on traditional analysis of key valuation metrics to find undervalued stocks [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly in the "Value" category [3] Group 2 - Helix Energy Solutions Group (HLX) has a Zacks Rank of 1 (Strong Buy) and an A for Value, indicating it is a strong value stock [4] - HLX's P/E ratio is 8.33, significantly lower than the industry average P/E of 10.90, suggesting it may be undervalued [4] - The P/B ratio for HLX is 0.64, compared to the industry's average P/B of 1.73, further indicating attractive valuation [5] - HLX's P/CF ratio is 5.03, which is lower than the industry's average P/CF of 5.87, suggesting solid cash outlook [6] - These valuation metrics indicate that HLX is likely undervalued and has a strong earnings outlook, making it an impressive value stock [7]

Core Viewpoint - Mammoth Energy Services, Inc. has completed a significant transaction by selling its subsidiaries for $108.7 million, enhancing its cash position to approximately $160 million and expanding its investment opportunities [1][2][4] Financial Transaction Summary - The sale of 5 Star Electric, Higher Power Electrical, and Python Equipment to Peak Utility Services Group resulted in cash proceeds of $98.3 million, with $10.4 million held in escrow for adjustments and liabilities [1] - The company has amended its revolving credit facility to allow for stock repurchases up to $50 million or 10 million shares, provided unrestricted cash exceeds $50 million post-repurchase [3] Strategic Growth and Future Plans - The transaction is expected to unlock significant value for Mammoth, which has generated over $90 million in annual revenue from the sold subsidiaries in the past three years [2] - The company is actively exploring capital deployment opportunities for accretive returns, leveraging its enhanced liquidity position [2][4] Aircraft Acquisition - Mammoth has purchased eight small passenger aircraft for approximately $11.5 million, which are under long-term leases and expected to be immediately accretive to financial results [1][4] Leadership Transition - Phil Lancaster will transition to Peak as CEO after the sale, while Mammoth initiates a search for a new CEO [3]

Core Points - Koil Energy Solutions, Inc. will file its Annual Report on Form 10-K later than the scheduled date of March 31, 2025, due to a material weakness in internal control over financial reporting [1] - The delay is attributed to the need to complete certain audit procedures after discovering a $140,000 accrual for expired stock options that were reversed inconsistently with Accounting Standards Codification 718 [1] - Despite the material weakness, the Company does not expect a material adverse impact on its financial position or results of operations and anticipates continued profitable growth in revenues for the year ended December 31, 2024 [1] Company Overview - Koil Energy is a leading energy services company that provides subsea equipment and support services to the energy and offshore industries [3] - The Company offers innovative solutions for challenges between production facilities and energy sources, including distribution system installation support, engineering services, and umbilical terminations [3] - Koil Energy's experienced team supports subsea engineering, manufacturing, installation, commissioning, and maintenance projects globally [3]

Core Viewpoint - Energy Services of America Corporation (NASDAQ: ESOA) recently reported its Q1 '25 earnings, prompting an analysis of its performance over the past year, highlighting both positive and negative aspects of the company's operations [1]. Financial Performance - The company’s Q1 '25 earnings report serves as a basis for evaluating its financial health and operational efficiency over the last year [1]. Investment Strategy - The investment approach discussed emphasizes a long-term horizon, typically between 5 to 10 years, focusing on a diversified portfolio that includes growth, value, and dividend-paying stocks, with a particular inclination towards value investments [1].

Core Viewpoint - TETRA Technologies, Inc. is committed to refreshing its Board of Directors to enhance value creation and maintain effective governance, amidst ongoing challenges from activist shareholder Brad Radoff [1][2][5]. Board Refreshment and Governance - TETRA plans to nominate Julie Sloat, a former CEO of American Electric Power, for election to its Board, while independent director Mark E. Baldwin will retire [2][3]. - Over the past five years, TETRA has proactively refreshed its Board with five retirements and four new additions, ensuring a diverse and experienced leadership team [3][4]. - The Board has focused on maintaining clear disclosures regarding governance policies and strategic planning, aiming for a well-rounded Board with expertise in various relevant fields [3][4]. Performance and Strategy - Since the appointment of CEO Brady Murphy in 2019, TETRA has achieved a total shareholder return of approximately 60%, with a five-year total shareholder return of 1117%, significantly outperforming industry indices [11][17]. - The company’s long-term strategy includes leveraging synergies between its Completion Fluids & Products and Water & Flowback Services segments, while also expanding into energy storage and desalination markets [11][7]. - TETRA has maintained disciplined capital allocation, achieving a record Return on Net Capital Employed (RONCE) of 17.8% over the last two years, up from 13.4% in 2022 [11][19]. Activist Campaign and Response - Brad Radoff has initiated an activist campaign to replace a majority of the Board's independent members, despite TETRA's efforts to engage in good faith discussions [5][6]. - The Board's Nominating, Governance and Sustainability Committee is assessing Radoff's proposed candidates, noting that some have poor records of delivering shareholder value [6][7]. - TETRA emphasizes that destabilizing the current Board would not be in the best interests of shareholders, as it continues its director refreshment approach [6][7].

Financial Data and Key Metrics Changes - Consolidated gross profit for Q4 2024 was $21.6 million, flat compared to Q4 2023. For fiscal 2024, gross profit was $79.8 million, up from $76.7 million in fiscal 2023 [30] - Adjusted EBITDA for Q4 2024 was $6.3 million, down from $8.9 million in Q4 2023. For fiscal 2024, adjusted EBITDA was $25.9 million, compared to $26.6 million in fiscal 2023 [31] - Adjusted EPS for fiscal 2024 was $2.03, slightly down from $2.04 in fiscal 2023 [31] Business Line Data and Key Metrics Changes - In Engineering, Q4 2024 gross profit was $5.2 million, down from $6.1 million in Q4 2023. Fiscal 2024 gross profit was $22.5 million, up from $20.6 million in fiscal 2023 [35] - In IT, Life Sciences, and Data Solutions, Q4 2024 gross profit was $3.9 million, down from $4.5 million in Q4 2023. Fiscal 2024 gross profit was $14.7 million, down from $16.2 million in fiscal 2023 [36] - In Health Care, Q4 2024 gross profit was $12.5 million, up from $11.0 million in Q4 2023. Fiscal 2024 gross profit was $42.5 million, compared to $39.9 million in fiscal 2023 [37] Market Data and Key Metrics Changes - School revenue for Q4 2024 was $34.9 million, compared to $29.8 million in Q4 2023. Non-School revenue for Q4 2024 was $6.2 million, down from $6.9 million in Q4 2023 [38] - Days Sales Outstanding (DSOs) improved from 114 in Q3 2023 to 92 in Q4 2024 [39] Company Strategy and Development Direction - The company aims for smart growth, operational excellence, and delivering unparalleled service to clients as it moves into 2025 [11] - The focus on behavioral health services in schools is a key growth driver, addressing the mental health crisis among students [9] - The company is transitioning to AI and ML tools in its IT services, indicating a shift in primary markets [15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, citing a strong employee base and strategic positioning for success despite macroeconomic uncertainties [6] - The company aims for double-digit growth in adjusted EBITDA for each quarter in 2025, viewing any failure to meet this as a disappointing outcome [73] Other Important Information - The company faced several material expenses in Q4 2024, including a canceled industrial process equipment order and high medical costs, which negatively impacted gross profit [32][33] - A class action lawsuit settlement added approximately $450,000 in SG&A expenses [33] Q&A Session Summary Question: Was any of the extra costs realized in the tax rate? - The tax rate for Q4 was influenced by the overall effective tax rate for the year, which was 34.0%, considered high and abnormal [45][46] Question: What is the normal tax rate range? - The normal tax rate range is expected to be between 26% to 29% [48][49] Question: Can you elaborate on the specific costs in Engineering? - The $900,000 reduction in gross profit was due to a canceled order and significant rework on a project, both resulting in lower revenue [52][56] Question: Did the canceled order relate to any political factors? - No, the canceled order was due to nuances with a particular client, not political factors [62] Question: Is there any impact from DOGE or related headlines? - There is no direct impact from DOGE on the company, although general IT environment changes could occur [66][70] Question: What is the growth expectation for adjusted EBITDA? - The company aims for low double-digit growth in adjusted EBITDA every quarter in 2025 [73]

Company Overview - Energy Services of America Corporation (NASDAQ: ESOA) is headquartered in Huntington, WV, and operates primarily in the mid-Atlantic and Central regions of the United States [2] - The company provides services to various industries, including natural gas, petroleum, water distribution, automotive, chemical, and power [2] - Energy Services employs over 1,300 employees regularly, emphasizing core values of safety, quality, and production [2] Upcoming Events - Management will host one-on-one investor meetings as part of the 37th Annual ROTH Conference on March 17, 2025 [1] - Interested investors can contact their ROTH representative or submit a request to schedule a meeting [1]