Earnings Call Summary | Select Water Solutions(WTTR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Select Water Solutions(WTTR.US) Q1 2024 Earnings Conference
The following is a summary of the Select Water Solutions, Inc. (WTTR) Q1 2024 Earnings Call Transcript:
以下是精选水务解决方案公司（WTTR）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Select Water Solutions demonstrated strong financial performance in Q1 2024, with revenues and margins progressively increasing in water infrastructures and chemical technology segments.
Consolidated gross margin and adjusted EBITDA significantly exceeded original expectations for the quarter.
Despite the expected decline in revenue from water services, EBITDA growth is anticipated to trend positively for the remaining year.
The Water Infrastructure segment exhibited substantial growth with an increase in revenue of over 4%, amounting to $64M, and an increase in gross margins by over 3.6%.
Chemical technologies saw a sequential increase in revenue by 4%, with margins increasing back up to 17%.
The company returned a total of $7.5M to shareholders, with a dividend rate of $0.06/shares in Q1.
精选水务解决方案在2024年第一季度表现强劲，水利基础设施和化学技术领域的收入和利润率逐渐增加。
本季度的合并毛利率和调整后的息税折旧摊销前利润大大超过了最初的预期。
尽管预计供水服务收入将下降，但预计剩余一年的息税折旧摊销前利润将呈正增长趋势。
水利基础设施板块表现出大幅增长，收入增长了4％以上，达到6400万美元，毛利率增长了3.6％以上。
化学技术公司的收入连续增长了4％，利润率回升至17％。
该公司共向股东返还了750万美元，第一季度的股息率为每股0.06美元。
Business Progress:
业务进展：
The company strategically completed multiple acquisitions across various regions, including Haynesville, Rockies, Permian, and Bakken. These acquisitions significantly contribute to the water infrastructure growth plan.
Long term contracts were assigned for new pipeline gathering, recycling and disposal projects to integrate into the existing infrastructure.
The Water Solutions company continues to improve its manufacturing operations' operating efficiency and boosts its in-basin delivery logistics.
The Trinity acquisitions and Buckhorn add to the company's disposal capacity and expand its service capabilities.
Shifting towards a full life cycle water company, aligning with unique secular growth drivers.
As part of the action plan, they are planning to expand their service and solution offerings end-to-end in water.
The company looks ahead to align 50% of its gross profit from infrastructure by 2025.
The focus is on both organic and inorganic growth, with special emphasis on asset acquisitions rather than company acquisitions.
The company is looking to expand its operating capabilities in areas like beneficial reuse as part of their future business strategy.
Five deals were consummated throughout the year, with each evaluated based on their strategic interests followed by a thorough due diligence process.
Assets acquired were strategic and underutilized, potentially replacing the need for organic growth capital.
The company remains open to synergistic opportunities that would benefit both their customer and investor base.
该公司战略性地完成了不同地区的多项收购，包括海恩斯维尔、洛基山脉、二叠纪和巴肯。这些收购为水基础设施的增长计划做出了重大贡献。
为新的管道收集、回收和处置项目签订了长期合同，以整合到现有基础设施中。
这家水务解决方案公司继续提高其制造业务的运营效率，并促进其流域内交付物流。
Trinity的收购和Buckhorn增加了公司的处置能力并扩大了其服务能力。
向全生命周期水务公司转型，与独特的长期增长动力保持一致。
作为行动计划的一部分，他们计划扩大其在水领域的端到端服务和解决方案供应。
该公司预计，到2025年，其基础设施毛利润的50％将保持一致。
重点是有机和无机增长，特别强调资产收购而不是公司收购。
该公司正在寻求扩大其在有益再利用等领域的运营能力，以此作为其未来业务战略的一部分。
全年完成了五笔交易，每笔交易均根据其战略利益进行了评估，然后进行了全面的尽职调查流程。
收购的资产具有战略意义且未得到充分利用，有可能取代对有机增长资本的需求。
该公司仍然对协同机会持开放态度，这将使他们的客户和投资者群都受益。
More details: Select Water Solutions IR
更多详情： 选择水务解决方案 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。