Select water solutions announces second quarter 2024 financial results and operational updates

Generated revenue of $365 million during the second quarter of 2024 generated $83.1 million of operating cash flow and $37.4 million of free cash flow during the second quarter of 2024 net income more than tripled and adjusted ebitda improved 17% sequentially during the second quarter of 2024 relative to the first quarter of 2024 water infrastructure segment revenue, gross profit and gross profit before d&a increased by 8%, 28% and 17%, respectively, in the second quarter of 2024 as compared to the first quarter of 2024 during the second quarter of 2024, closed on the acquisition of disposal assets and operations in the northeast for $9 million of cash consideration contracted multiple new pipeline gathering, recycling & disposal infrastructure projects supported by long-term contracts in the permian basin, with anticipated new capital deployment of $55 million – $60 million houston , july 30, 2024 /prnewswire/ -- select water solutions, inc. (nyse: wttr) ("select" or the "company"), a leading provider of sustainable water and technology solutions to the energy industry, today announced its financial and operating results for the quarter ended june 30, 2024. john schmitz, chairman of the board, president and ceo, stated, "during the second quarter we achieved our goal and demonstrated our successes in improving the margin and profitability profile of the business, while generating strong free cash flow.
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