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Tetra Technologies Inc (TTI) |
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Tetra Technologies Inc 's Suppliers Performance
TTI's Supply Chain
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| TTI Costs vs Sales of Suppliers Growth |
Tetra Technologies Inc 's Suppliers recorded increase in sales by 9.99 % year on year in Q3 2022, from the previous quarter, sales fell by -0.92 %, Tetra Technologies Inc 's cost of sales deteriorated by % year on year, relative to one quarter ago cost of sales fell by -24.35 % in Q3.
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Tetra Technologies Inc 's Suppliers recorded an increase in sales by 9.99 % year on year in Q3 2022, from the previous quarter, sales fell by -0.92 %, Tetra Technologies Inc recorded increase in cost of sales by 14.99 % year on year, compare to one quarter ago cost of sales fell by -24.35 % in Q3.
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Tetra Technologies Inc 's Comment on Supply Chain
Our Fluids Division manufactures calcium chloride, calcium bromide, zinc bromide,
zinc calcium bromide, and sodium bromide for sale to its customers. The Fluids
Division also recycles used calcium bromide and zinc bromide CBFs repurchased
from its oil and gas customers.
The Fluids Division manufactures liquid calcium chloride, either from underground
brine or by reacting hydrochloric acid with limestone. The Fluids Division also
purchases liquid and dry calcium chloride from a number of U.S. and foreign chemical
manufacturers. Our El Dorado, Arkansas, plant produces liquid and flake calcium
chloride, utilizing underground brine (tail brine) obtained from Chemtura Corporation
("Chemtura") that contains calcium chloride. We also produce calcium
chloride at our two facility locations in San Bernardino County, California, by
solar evaporation of pumped underground brine reserves that contain calcium chloride.
The underground reserves of this brine are deemed adequate to supply our foreseeable
need for calcium chloride at those plants.
The Fluids Division's primary sources of hydrochloric acid are co-product streams
obtained from chemical manufacturers. Substantial quantities of limestone are
also consumed when converting hydrochloric acid into calcium chloride. Currently,
hydrochloric acid and limestone are generally available from multiple sources.
To produce calcium bromide, zinc bromide, zinc calcium bromide, and sodium bromide
at our West Memphis, Arkansas, facility, we use bromine, hydrobromic acid, zinc,
and lime as raw materials. There are multiple sources of zinc that we can use
in the production of zinc bromide and zinc calcium bromide. We have a long-term
supply agreement with Chemtura, under which the Fluids Division purchases its
requirements of raw material bromine from Chemtura’s Arkansas bromine facilities.
In addition, we have a long-term agreement with Chemtura under which Chemtura
supplies the Fluids’ El Dorado, Arkansas, calcium chloride plant with raw
material tail brine from its Arkansas bromine production facilities.
We also own a calcium bromide manufacturing plant near Magnolia, Arkansas that
was constructed in 1985. This plant was acquired in 1988 and is not operable.
We currently lease approximately 33,000 gross acres of bromine-containing brine
reserves in the vicinity of this plant. While this plant is designed to produce
calcium bromide, it could be modified to produce elemental bromine or select bromine
compounds. Development of the brine field, construction of necessary pipelines,
and reconfiguration of the plant would require a substantial capital investment.
The long-term Chemtura bromine supply agreement discussed above provides us with
a secure supply of bromine to support the division’s current operations.
We do, however, continue to evaluate our strategy related to the Magnolia, Arkansas,
assets and their future development. Chemtura has certain rights to participate
in future development of the Magnolia, Arkansas assets.
The Fluids and Production Testing Divisions purchase their water management, production
testing, and rig cooling equipment and components from third-party manufacturers.
CCLP designs and fabricates its reciprocating and rotary screw compressor packages
and pumps with components obtained from third party suppliers. These components
represent a significant portion of the cost of the compressor packages and pump
systems. Some of the components used in the assembly of compressor packages, well
monitoring, sand separation, production testing, and rig cooling equipment are
obtained from a single supplier or a limited group of suppliers. We do not have
long-term contracts with these suppliers or manufacturers. Should we experience
unavailability of the components we use to assemble our equipment, we believe
that there are adequate alternative suppliers and that any impact to us would
not be severe. CCLP occasionally experiences long-lead times for components from
suppliers and, therefore, may at times make purchases in anticipation of future
orders.
Tetra Technologies Inc 's Comment on Supply Chain
Our Fluids Division manufactures calcium chloride, calcium bromide, zinc bromide,
zinc calcium bromide, and sodium bromide for sale to its customers. The Fluids
Division also recycles used calcium bromide and zinc bromide CBFs repurchased
from its oil and gas customers.
The Fluids Division manufactures liquid calcium chloride, either from underground
brine or by reacting hydrochloric acid with limestone. The Fluids Division also
purchases liquid and dry calcium chloride from a number of U.S. and foreign chemical
manufacturers. Our El Dorado, Arkansas, plant produces liquid and flake calcium
chloride, utilizing underground brine (tail brine) obtained from Chemtura Corporation
("Chemtura") that contains calcium chloride. We also produce calcium
chloride at our two facility locations in San Bernardino County, California, by
solar evaporation of pumped underground brine reserves that contain calcium chloride.
The underground reserves of this brine are deemed adequate to supply our foreseeable
need for calcium chloride at those plants.
The Fluids Division's primary sources of hydrochloric acid are co-product streams
obtained from chemical manufacturers. Substantial quantities of limestone are
also consumed when converting hydrochloric acid into calcium chloride. Currently,
hydrochloric acid and limestone are generally available from multiple sources.
To produce calcium bromide, zinc bromide, zinc calcium bromide, and sodium bromide
at our West Memphis, Arkansas, facility, we use bromine, hydrobromic acid, zinc,
and lime as raw materials. There are multiple sources of zinc that we can use
in the production of zinc bromide and zinc calcium bromide. We have a long-term
supply agreement with Chemtura, under which the Fluids Division purchases its
requirements of raw material bromine from Chemtura’s Arkansas bromine facilities.
In addition, we have a long-term agreement with Chemtura under which Chemtura
supplies the Fluids’ El Dorado, Arkansas, calcium chloride plant with raw
material tail brine from its Arkansas bromine production facilities.
We also own a calcium bromide manufacturing plant near Magnolia, Arkansas that
was constructed in 1985. This plant was acquired in 1988 and is not operable.
We currently lease approximately 33,000 gross acres of bromine-containing brine
reserves in the vicinity of this plant. While this plant is designed to produce
calcium bromide, it could be modified to produce elemental bromine or select bromine
compounds. Development of the brine field, construction of necessary pipelines,
and reconfiguration of the plant would require a substantial capital investment.
The long-term Chemtura bromine supply agreement discussed above provides us with
a secure supply of bromine to support the division’s current operations.
We do, however, continue to evaluate our strategy related to the Magnolia, Arkansas,
assets and their future development. Chemtura has certain rights to participate
in future development of the Magnolia, Arkansas assets.
The Fluids and Production Testing Divisions purchase their water management, production
testing, and rig cooling equipment and components from third-party manufacturers.
CCLP designs and fabricates its reciprocating and rotary screw compressor packages
and pumps with components obtained from third party suppliers. These components
represent a significant portion of the cost of the compressor packages and pump
systems. Some of the components used in the assembly of compressor packages, well
monitoring, sand separation, production testing, and rig cooling equipment are
obtained from a single supplier or a limited group of suppliers. We do not have
long-term contracts with these suppliers or manufacturers. Should we experience
unavailability of the components we use to assemble our equipment, we believe
that there are adequate alternative suppliers and that any impact to us would
not be severe. CCLP occasionally experiences long-lead times for components from
suppliers and, therefore, may at times make purchases in anticipation of future
orders.
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TTI's Suppliers Net profit fell by |
TTI's Suppliers Net margin fell in Q3 to |
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-32.99 % |
9.17 % |
TTI's vs. Suppliers, Data
(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)
| COMPANY NAME |
MARKET CAP |
REVENUES |
INCOME |
EMPLOYEES |
| Tetra Technologies Inc |
496.94 |
442.82 |
8.52 |
2,400 |
| United States Steel Corp |
7,967.14 |
22,349.00 |
3,419.00 |
34,680 |
| Dover Corp |
22,413.99 |
8,358.14 |
2,589.39 |
23,000 |
| Ak Steel Holding Corporation |
111.45 |
6,359.40 |
63.00 |
8,000 |
| Worthington Industries Inc |
2,974.60 |
5,482.75 |
229.35 |
10,500 |
| Terex Corporation |
3,566.38 |
4,106.90 |
240.60 |
20,400 |
| Rowan Companies Plc |
1,379.14 |
1,119.70 |
-49.90 |
4,051 |
| Nucor Corporation |
44,085.68 |
39,967.55 |
7,933.90 |
26,800 |
| Nov Inc |
9,184.41 |
6,681.00 |
13.00 |
29,593 |
| The Manitowoc Company Inc |
494.88 |
1,908.70 |
16.50 |
12,300 |
| Deere and Co |
125,407.31 |
48,368.00 |
6,170.00 |
69,600 |
| Caterpillar Inc |
132,649.19 |
56,628.00 |
7,370.00 |
102,300 |
| Ati Inc |
5,709.94 |
3,591.00 |
40.70 |
9,700 |
| Alcoa Corp |
9,306.22 |
13,128.00 |
89.00 |
61,000 |
| Steel Dynamics Inc |
22,431.02 |
22,745.14 |
4,336.18 |
7,780 |
| Columbus Mckinnon Corporation |
1,099.32 |
935.77 |
46.36 |
2,747 |
| Astec Industries Inc |
1,023.67 |
1,191.60 |
10.00 |
3,952 |
| Concrete Leveling Systems Inc |
0.00 |
0.00 |
-0.05 |
3 |
| Briggs and Stratton Corporation |
32.41 |
1,697.15 |
-212.09 |
5,480 |
| Commercial Metals Company |
6,843.58 |
8,913.48 |
1,217.26 |
8,388 |
| Ascent Industries Co |
118.78 |
428.26 |
30.01 |
0 |
| Timkensteel Corporation |
909.90 |
1,424.60 |
155.40 |
2,600 |
| Searchlight Minerals Corp. |
0.00 |
0.00 |
0.00 |
11 |
| Handy & Harman Ltd. |
401.51 |
602.43 |
40.60 |
3,400 |
| Dmc Global Inc |
495.40 |
550.86 |
6.82 |
428 |
| Global Brass & Copper Holdings, Inc. |
967.78 |
1,723.90 |
60.70 |
1,857 |
| Generac Holdings Inc |
7,801.45 |
4,065.61 |
523.52 |
4,202 |
| Mueller Industries Inc |
3,903.98 |
4,061.23 |
649.28 |
4,244 |
| Materion Corporation |
1,830.30 |
1,719.76 |
76.91 |
2,550 |
| Ryerson Holding Corporation |
1,497.89 |
6,569.30 |
521.80 |
3,000 |
| Tesco Corp |
172.99 |
152.68 |
-58.98 |
1,215 |
| Olympic Steel Inc |
551.96 |
2,664.53 |
111.83 |
1,660 |
| Eco-stim Energy Solutions, Inc. |
0.40 |
40.71 |
-87.87 |
230 |
| Expro Group Holdings N v |
2,147.00 |
1,436.62 |
-113.38 |
0 |
| Viavi Solutions Inc |
2,568.50 |
1,250.10 |
56.40 |
3,500 |
| Arcelormittal |
32,597.36 |
76,571.00 |
15,565.00 |
0 |
| SUBTOTAL |
452,645.54 |
356,792.87 |
51,060.26 |
469,171 |
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4.01 %