Select Water Solutions reports Q3 EPS 15c, consensus 14c

Reports Q3 revenue $371.3M, consensus $350.91M. John Schmitz, Select’s Chairman of the Board, President and CEO, stated, “During the third quarter Select delivered another quarter of continued margin improvement and profitability, while generating solid free cash flow. Supported by revenue growth and margin improvement in our Water Infrastructure segment, our unique growth story continued as we were able to improve consolidated gross margins and increase net income and adjusted EBITDA during the third quarter despite activity pullbacks in the broader macro environment.”