WTTR - Select Energy Services GAAP EPS of $0.07 misses by $0.16 revenue of $381.68M misses by $6.21M

February, 21 2023 04:35 PM Select Energy Services Inc. Class A

Select Energy Services press release ( NYSE: WTTR ): Q4 GAAP EPS of $0.07 misses by $0.16 .
Revenue of $381.68M (+49.6% Y/Y) misses by $6.21M .
For the fourth quarter of 2022, gross profit was $41.6 million, as compared to $58.8 million in the third quarter of 2022 and $17.9 million in the fourth quarter of 2021.
Total gross margin was 10.9% in the fourth quarter of 2022 as compared to 15.7% in the third quarter of 2022 and 7.0% in the fourth quarter of 2021.
Adjusted EBITDA was $52.2 million in the fourth quarter of 2022 as compared to $62.8 million in the third quarter of 2022 and $26.4 million in the fourth quarter of 2021.
Adjusted EBITDA during the fourth quarter of 2022 was impacted by $4.2 million of non-recurring transaction costs, $1.3 million of non-cash losses on asset sales, a $0.4 million reduction in bargain purchase gain adjustment and $1.3 million in other adjustments.

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Company Name:	Select Energy Services Inc. Class A
Stock Symbol:	WTTR
Market:	NYSE
Website:	selectenergyservices.com