Select Energy Services Provides Operational Updates And Strategic Actions In Response To Current Market Conditions
Select Energy Services, Inc. Class A (WTTR)
Last select energy services, inc. class a earnings: 2/24 04:15 pm
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US:NYSE Investor Relations:
investors.selectenergyservices.com
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Source: PR Newswire
HOUSTON, March 31, 2020 /PRNewswire/ -- Select Energy Services, Inc. (NYSE: WTTR) ("Select" or "the Company"), a leading provider of water management and chemical solutions to the U.S. unconventional oil and gas industry, today announced immediate strategic actions that the Company has taken in response to the significant decline in activity following the rapid decline in commodity prices this month and the operational disruption and market volatility resulting from the COVID-19 pandemic. In order to better align the Company's operating footprint and cost structure with current market conditions and to protect its strong financial position and debt-free balance sheet, Select has taken the following actions:Expect to realize annualized SG&A savings of $25-30 million, or approximately 25-30% relative to the annualized fourth quarter SG&A of $98.7 million (and a further reduction from 2019 total SG&A of $111.6 million), due to headcount and wage reductions across the employee base, inclu
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WTTR
Earnings
- 11/5/24 - Beat
WTTR
Sec Filings
- 11/12/24 - Form 4
- 11/8/24 - Form 144
- 11/8/24 - Form SC
- WTTR's page on the SEC website