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TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced full year and fourth quarter 2020 results, which are within the range of the preliminary results that were pre-announced on January 29, 2021. On that same date, the Company announced the sale of the general partner, incentive distribution rights, and 10.95 million common units of CSI Compressco LP ("CSI Compressco") and 15 compressor units to Spartan Energy Partners, which generated over $30 million of cash proceeds to TETRA. TETRA's income statement reflects CSI Compressco as discontinued operations, and the assets and liabilities of CSI Compressco are reflected as assets and liabilities held for sale as of December 31, 2020. TETRA continues to own 5.2 million of CSI Compressco common units, which are equal to approximately 11% of the total outstanding CSI Compressco common units, with a current market value of approximately $10.6 million. Net loss before discontinued oper
Provided by GlobeNewswire
Feb 25, 2021 12:30 PM UTC
BALTIMORE, Feb. 25, 2021 (GLOBE NEWSWIRE) Laureate Education, Inc. (NASDAQ: LAUR) today announced financial results for the fourth quarter and the year ended December 31, 2020.
Unless indicated otherwise, the results presented below relate to Continuing Operations, which encompass Laureate s operations in Mexico and Peru, as well as Laureate s Corporate overhead expenses.
Fourth Quarter 2020 Highlights (compared to fourth quarter 2019):
On a reported basis, revenue decreased 19% to $285.2 million. On an organic constant currency basis¹, revenue decreased by 13%.
Operating income for the fourth quarter decreased by $20.4 million, or 36%, to $36.9 million.
Net income (including Discontinued Operations) for the fourth quarter was $379.0 million, primarily attributable to the gain on sale of the Company s Australia and New Zealand businesses within Discontinued Operations, as compared to net income of $6
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