TETRA Technologies, Inc. Reports Third Quarter EPS of $0.00

TETRA Technologies, Inc. TTI today announced break-even third quarter 2010 results from continuing operations of $0.00 per fully diluted share, compared to $0.30 per fully diluted share reported in the third quarter of 2009. Third quarter 2010 results include special charges of $16.7 million of pretax income, or approximately $0.15 per share after tax, related to Maritech's oil and gas properties. Consolidated revenues for the quarter ended September 30, 2010 were $211.9 million versus $254.0 million in the third quarter of 2009. Total gross profit was $28.8 million in the third quarter of 2010 versus $62.8 million in the third quarter of 2009. Income before discontinued operations was $0.2 million in the third quarter of 2010 versus $22.8 million in the comparable period of 2009. Net income was $0.2 million in 2010's third quarter versus $22.7 million in 2009's third quarter.