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August 7, 2014
16:12 EDTNESNuverra Environmental reports Q2 EPS (91c), consensus (22c)
Reports Q2 revenue $126.9M, $156.6M including TFI, consensus $144.8M. Results of operations of Thermo Fluids Inc. are reflected as discontinued operations due to its pending divestiture. The company said, “During the second quarter, we sharpened our focus on pricing within the Shale Solutions segment in order to further strengthen our overall platform and reduce low-margin business. We implemented pricing increases in multiple basins during the quarter, which included releasing some business that does not meet our profitability targets. We also identified opportunities to become more efficient and reduce costs. While these activities as a whole resulted in essentially flat sequential revenue for the second quarter, we achieved a 220 bps sequential improvement in adjusted EBITDA margins at our Shale Solutions segment, and a 328 bps sequential improvement in adjusted EBITDA margins from continuing operations.”
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