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Anellotech and South Hampton Resources (a subsidiary of Trecora Resources) have renewed their agreement for operations services at the TCat-8™ process development pilot plant in Silsbee, Texas. This partnership, ongoing since 2016, has facilitated over 5,000 hours of successful operation, producing bio-p-Xylene from wood feedstock. Anellotech plans to enhance its Bio-TCat process and develop the new Plas-TCat process for converting plastic waste into petrochemicals. The collaboration signifies a commitment to sustainable technology in petrochemical production.
Trecora Resources (NYSE: TREC) announced that President & CEO Patrick Quarles and CFO Sami Ahmad will present at the Sidoti Virtual Micro Cap Conference on December 8, 2021, starting at 11:30 am ET. The conference offers investors an opportunity for one-on-one meetings with the company's leadership. Registration for both the presentation and meetings is free and available to all interested parties. Trecora specializes in high purity hydrocarbons and wax manufacturing, operating facilities in Texas.
Trecora Resources (NYSE: TREC) reported Q3 2021 revenues of $74.6 million, a 56.3% increase from $47.7 million in Q3 2020. Despite strong demand, gross profit was $9.0 million (12% of revenue), down from $8.5 million (17.7%). Operating loss was $(0.2) million, impacted by $2.8 million in non-recurring expenses. Specialty Petrochemicals' net income was $2.6 million, while Specialty Waxes turned a profit of $2.7 million. Cash flow from operations for nine months was $9.3 million. Trecora ended Q3 with $44.4 million cash on hand. Overall, Trecora anticipates robust demand and further price increases into 2022.
Trecora Resources (NYSE: TREC) will release its third quarter 2021 financial results after market close on November 3, 2021. The conference call, led by CEO Patrick D. Quarles and CFO Sami Ahmad, is scheduled for November 4, 2021, at 10:00 a.m. Eastern Time. Investors can access the live call and presentation slides via the company's website. A replay will be available shortly after the call concludes. Trecora specializes in high purity hydrocarbons and waxes, operating facilities in Texas.
Trecora Resources (TREC) reported strong financial results for Q2 2021, showcasing significant year-over-year growth amidst economic recovery. Net income reached $2.3 million, improving from a $1.9 million loss in Q2 2020, while total revenues surged 69.3% to $68.8 million, fueled by increased product prices and sales volumes. The Specialty Petrochemicals segment saw an 84.9% revenue increase, whereas Specialty Waxes reported a 26.1% revenue boost. Adjusted EBITDA also nearly doubled to $8.1 million. The company remains focused on maintaining a resilient balance sheet and capitalizing on growth opportunities.
Trecora Resources (NYSE: TREC) will release its second quarter 2021 financial results after market close on August 4, 2021. A conference call is scheduled for August 5, 2021, at 10:00 a.m. Eastern Time, featuring President and CEO Patrick D. Quarles and CFO Sami Ahmad. The call can be accessed via toll-free dial-in or webcast, with replay options available through October 5, 2021. Trecora operates specialty petrochemical and wax manufacturing facilities in Texas, emphasizing high purity hydrocarbons.
Trecora Resources (NYSE: TREC), based in Sugar Land, Texas, announced its conference schedule for May 2021. Highlights include participation in the G. Research Microcap Symposium on May 18, where President & CEO Pat Quarles and CFO Sami Ahmad will meet investors. This will be followed by the Sidoti Virtual Microcap Conference on May 19, featuring a live webcast with replays available for 90 days. Trecora specializes in high purity hydrocarbons and wax manufacturing, anchoring its operations in Texas.
Trecora Resources (TREC) reported a net loss of $4.4 million for Q1 2021, down from a net income of $10.7 million in Q1 2020. This decline is largely attributed to disruptions caused by the February freeze in Texas, leading to a 12.1% drop in total revenue year-over-year to $54.6 million. Adjusted EBITDA was $(0.5) million compared to $5.5 million in the previous year. Despite these challenges, Trecora authorized a $20 million share repurchase program and reported strong liquidity with $53 million in cash. The company sees potential for recovery in the upcoming quarters based on improving market conditions.
Trecora Resources (NYSE: TREC), a leader in specialty hydrocarbons and waxes, is set to release its Q1 2021 financial results on May 4, 2021, after market close. A conference call will follow on May 5, 2021, at 10:00 a.m. Eastern Time, featuring insights from President Patrick D. Quarles and CFO Sami Ahmad. The call will be accessible via webcast, and a replay will be available until May 8, 2021. Investors can find more details on Trecora's website.
Trecora Resources (TREC) announces the appointment of Rafael (Ralph) Pons as Chief Manufacturing Officer effective May 15, 2021. Mr. Pons succeeds John R. Townsend, who retires on May 14, 2021. Pons has over 35 years of chemical manufacturing experience, previously serving as site leader at South Hampton Resources in Texas. His leadership is anticipated to enhance the company’s operational reliability and reduce maintenance costs. The transition also includes Dan Roberts as the new site leader at South Hampton, effective April 19, 2021.
