Tetra Technologies, Inc. (TTI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you. Good morning, everybody, and thank you for joining Tetra's first quarter 2025 results conference call. I'm Curt Hallett, VP, Treasurer, and Head of IR. The speakers for today's call are Brady Murphy, Chief Executive Officer, and Alihio Serrano, Chief Financial Officer. I'd like to remind you that this conference may contain statements that are or are deemed to be forward-looking, including projections, financial guidance, profitability, and estimated earnings. These statements are based on certain assumptions and analysis made by Tetra and are based on several factors. These statements are subject to several risks and uncertainties, many of which are beyond the control of the company. Your caution that such statements are not guarantees of future performance and that actual results may differ materially from those projected in the forward-looking statements. In addition, in the course of the call, we may refer to EBITDA, adjusted EBITDA, adjusted EBITDA margins, pre-cash flow, net debt, net leverage ratio, liquidity, returns on net capital employed, or other non-GAAP financial measures. Please refer to yesterday's press release or to our public website for reconciliations of non-GAAP financial measures to the nearest GAAP measures. These reconciliations are not a substitute for financial information prepared in accordance with GAAP and should be considered within the context of our complete financial results for the period. In addition to our press release announcement, we encourage you to refer to our 10-Q that we also filed yesterday. I will now turn it over to Brady. Thanks, Kurt. Good morning, everyone, and welcome to Tetra's first quarter of 2025 earnings call. I'll summarize some highlights for the first quarter and provide an update on our strategic...