Select Water Solutions reports Q2 EPS 13c, consensus 11c

Reports Q2 revenue $365.1M, consensus $371.48M. 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. Supported by revenue growth and margin improvement in our Water Infrastructure segment, we were able to improve consolidated gross margins and increase net income and adjusted EBITDA during the second quarter despite activity pullbacks in the broader macro environment.”