Latest news with #BradRadoff
Yahoo
02-05-2025
- Business
- Yahoo
Tetra lowers first half FY25 revenue view to $315M-$345M from $325M-$355
Brady Murphy, TETRA President and CEO, stated, 'In the Q2, we expect to see the full benefit of our European industrial chemicals seasonal peak, the first well from our recently awarded multi-well, multi-year deepwater Brazil project and the completion of the three well TETRA CS Neptune project. With regards to tariffs, we source a high percentage of our products and materials from the U.S. Therefore, we do not anticipate much, if any, impact to our financials from the announced tariffs. However, the recent pull-back in oil prices does create more uncertainty for our U.S. Water & Flowback segment for the second half of the year. Given our Q1 performance and strong second quarter outlook, we have increased the lower end of our previously communicated first half 2025 Adjusted EBITDA guidance, and we are now expecting first half 2025 Adjusted EBITDA to be between $57M-$65M, previously $55M-$65M. We are also revising our revenue guidance to be between $315M-$345M, previously $325M-$355M and net income before taxes and discontinued operations to be between $10.5M-$23.2M. We expect adjusted net income before taxes and discontinued operations to be between $24M-$35M. Attainment of the Adjusted EBITDA guidance for the first half of the year would be near or above a ten-year record for TETRA, which would be achieved despite the uncertain environment the industry is experiencing and does not assume a material deterioration in the overall business environment from the current levels.' Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on TTI: Disclaimer & DisclosureReport an Issue Tetra Technologies reports Q1 adjusted EPS 11c, consensus 8c Is TTI a Buy, Before Earnings? Tetra Technologies price target lowered to $6.50 from $7 at Stifel Tetra Technologies announces withdrawal of Brad Radoff nominees Tetra Technologies announces pilot project with EOG Resources
Yahoo
03-04-2025
- Business
- Yahoo
TETRA TECHNOLOGIES, INC. ANNOUNCES WITHDRAWAL OF INVESTOR GROUP NOMINEES
2025 Annual Meeting of Shareholders Continues as Planned Notes Shareholders Are Not Required to Take Any Action At This Time THE WOODLANDS, Texas, April 3, 2025 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI), a leader in delivering energy services and new energy solutions, yesterday received notice from the investor group led by Brad Radoff (the "Investor Group") of its irrevocable withdrawal of its four director nominees. As a result, TETRA's 2025 Annual Meeting of Shareholders will be uncontested and continue as previously planned. The Company expects to file a definitive proxy statement with the U.S. Securities and Exchange Commission in the near term. The TETRA Board and management team wish to thank its shareholders for their constructive engagement and look forward to continued engagement leading up to the annual meeting and beyond. Company Overview TETRA Technologies, Inc. is an energy services and solutions company focused on developing environmentally conscious services and solutions that help make people's lives better. With operations on six continents, the Company's portfolio consists of Energy Services, Industrial Chemicals, and Lithium Ventures. In addition to providing products and services to the oil and gas industry and calcium chloride for diverse applications, TETRA is expanding into the low-carbon energy market with chemistry expertise, key mineral acreage, and global infrastructure, helping to meet the demand for sustainable energy in the twenty-first century. Visit the Company's website at for more information. Cautionary Statement Regarding Forward Looking Statements This press release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. These forward-looking statements are based on certain assumptions and analyses made by the Company, input received from outside expertized service providers, as well as its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a myriad of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performance or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Risk Factors" contained in the Company's Annual Report on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange Commission (the "SEC"). Important Additional Information The Company intends to file a proxy statement and proxy card with the SEC in connection with the solicitation of proxies for the Annual Meeting. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ SUCH PROXY STATEMENT, ACCOMPANYING PROXY CARD AND ALL OTHER DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE ANNUAL MEETING. Shareholders will be able to obtain the Company's proxy statement, any amendments or supplements to the proxy statement and other documents filed by the Company with the SEC at no charge at the SEC's website at Copies will also be available at no charge at the Company's website at Participant Information For participant information, see the Company's soliciting material filed as "DEFA14A" with the SEC on March 25, 2025, and available here. View original content to download multimedia: SOURCE TETRA Technologies, Inc.
