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

Generated revenue of $371 million during the third quarter of 2024, an increase of 2% sequentially compared to the second quarter of 2024 produced $51.9 million of operating cash flow and $20.4 million of free cash flow during the third quarter of 2024 increased net income 26% and improved adjusted ebitda 4% sequentially during the third quarter of 2024 relative to the second quarter of 2024 water infrastructure segment revenue, gross profit and gross profit before d&a increased sequentially by 20%, 42% and 33%, respectively, in the third quarter of 2024 as compared to the second quarter of 2024 secured multiple new long-term contracts for pipeline gathering, recycling & disposal infrastructure projects, with anticipated new capital deployment of $37 – $42 million houston , nov. 5, 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 third quarter ended september 30, 2024. john schmitz, select's chairman of the board, president and chief executive officer, stated, "during the third quarter select delivered another quarter of continued margin improvement and profitability, while generating solid free cash flow.
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