Select Water Solutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 20, 2024 at 04:15 pm EST
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Select Water Solutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 60.85 million compared to USD 44.6 million a year ago. Revenue was USD 374.86 million compared to USD 381.68 million a year ago. Net income was USD 27.6 million compared to USD 7.65 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.07 a year ago.
For the full year, sales was USD 229.97 million compared to USD 125.28 million a year ago. Revenue was USD 1,585.35 million compared to USD 1,387.42 million a year ago. Net income was USD 74.4 million compared to USD 48.28 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.5 a year ago.
Select Water Solutions, Inc. is a provider of sustainable water and chemical solutions to the energy industry. The Company operates in three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment consists of its services businesses, including water sourcing, water transfer, flowback and well testing, fluid hauling, water monitoring, water containment and water network automation, serving exploration and production (E&P) companies. The Water Infrastructure segment provides recycling, gathering, transferring and disposal of water. Its operations are enabled by a network of permanent pipeline infrastructure, semi-permanent pipeline infrastructure, water recycling facilities, earthen pits, water sources and SWDs. The Chemical Technologies segment develops, manufactures, manages logistics and provides a full suite of completion chemical products utilized in hydraulic fracturing, stimulation, cementing and related well completion processes.
SELECT WATER SOLUTIONS, INC. 
