{"id":523502,"date":"2021-08-04T16:20:41","date_gmt":"2021-08-04T20:20:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/trecora-resources-announces-second-quarter-2021-results\/"},"modified":"2021-08-04T16:20:41","modified_gmt":"2021-08-04T20:20:41","slug":"trecora-resources-announces-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/trecora-resources-announces-second-quarter-2021-results\/","title":{"rendered":"Trecora Resources Announces Second Quarter 2021 Results"},"content":{"rendered":"
\n

— Second quarter net income and Adjusted EBITDA increased year-over-year due to economic recovery and strong demand from end-use markets<\/h2>\n

— Second quarter net income from continuing operations of $2.3 million compared to net loss from continuing operations of $1.9 million in the second quarter of 2020<\/h2>\n

— Second quarter Adjusted EBITDA from continuing operations of $8.1 million compared to Adjusted EBITDA from continuing operations of $4.2 million in the second quarter of 2020, driven by sharply improved results for both Specialty Petrochemicals and Specialty Waxes<\/h2>\n

— Repurchased 633,273 shares year-to-date, or approximately $5 million, under $20 million share repurchase authorization<\/h2>\n

— Strong balance sheet with ample liquidity to fund growth initiatives<\/h2>\n

— Conference call at 10:00 am ET, August 5, 2021<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n SUGAR LAND, Texas<\/span>, Aug. 4,\u00a02021 \/PRNewswire\/ —\u00a0Trecora Resources (“Trecora” or the “Company”) (NYSE: TREC), a leading provider of specialty hydrocarbons and specialty waxes, today announced financial results for the second quarter ended June 30, 2021<\/span>.<\/p>\n

\n

\n
\n \"TREC
\n <\/a>\n <\/p>\n<\/p><\/div>\n

\n Executive Commentary<\/b>\n <\/p>\n

“We delivered strong top and bottom line growth in the second quarter of 2021 as compared to the same period last year,” stated Pat Quarles<\/span>, Trecora’s President and Chief Executive Officer. “The reopening of economies and an improving macroeconomic environment in the United States<\/span> led to a significant improvement in demand across all of our end-markets, particularly for our prime products and waxes. This quarter demonstrates the strength of our business model as the economy continues to recover from the pandemic impacts and our industry recovers from the Texas<\/span> freeze event in February. Product revenues for our Specialty Waxes segment were up 26.1% year-over-year, primarily reflecting increases in wax pricing. For our Specialty Petrochemicals segment, an 84.9% year-over-year increase in product revenues was driven by strong sales volumes as well as higher product prices. These factors led to second quarter net income from continuing operations of approximately $2.3 million<\/span> and Adjusted EBITDA from continuing operations of $8.1 million<\/span>, nearly doubling last year’s second quarter Adjusted EBITDA.”<\/p>\n

“We continue to focus on maintaining a strong balance sheet and delivering on our organic growth programs while seeking additional external opportunites to grow. In every instance, we are commited to increasing our earnings and cashflow and creating long-term value for our stockholders. As part of that commitment, during the quarter we completed the repurchase of $5 million<\/span> of shares of the $20 million<\/span> authorization from our Board,” concluded Mr. Quarles.<\/p>\n

\n Sami Ahmad<\/span>, Trecora’s Chief Financial Officer stated, “Our enhanced operational efficiencies and strong competitive positioning, coupled with improving execution at Trecora Chemical, enabled us to capitalize on the economic upturn and generate improved profitability in the second quarter. Cash used in operations in the second quarter was $4.3 million<\/span> as the growth in the business resulted in an increase in working capital of nearly $16 million<\/span>. We are extremely confident in our liquidity position, with cash at the end of the quarter of $39.1 million<\/span>, and an undrawn revolver. Total bank debt at the end of the quarter was $44.0 million<\/span>. The strength of our balance sheet affords us a great amount of financial flexibility to manage our business and execute on our strategic plan,” concluded Mr. Ahmad.<\/p>\n

\n Second Quarter 2021 Financial Results<\/b>\n <\/p>\n

Net income in the second quarter\u00a0of 2021 was $2<\/span>.3\u00a0million, or $0.09<\/span> per diluted share[1], compared to net loss of $1.9 million<\/span>, or $(0.07)<\/span> per diluted share[2], in the second quarter of 2020. Adjusted EBITDA from continuing operations was $8.1 million<\/span> for the second quarter of 2021, compared with Adjusted EBITDA from continuing operations of $4.2 million<\/span> in the second quarter of 2020.<\/p>\n

Total revenue in the second quarter of 2021 was $68<\/span>.8\u00a0million, compared to $40.7 million<\/span> in the second quarter of 2020. This 69.3% year-over-year increase was primarily due to higher sales volumes and selling prices as reopening trends and economic recovery continue, leading to greater demand in our end-markets.<\/p>\n

Gross profit in the second quarter of 2021 was $11<\/span>.0\u00a0million, or 16.0% of total revenues, compared to $6.2 million<\/span>, or 15.2% of total revenues in the second quarter of 2020. Operating income in the second quarter of 2021 was $3<\/span>.1\u00a0million, compared to operating loss\u00a0of $0.3 million<\/span> in the second quarter of 2020.<\/p>\n

\n Specialty Petrochemicals<\/b>\n <\/p>\n

Specialty Petrochemicals net income was $5.3 million<\/span> in the second quarter of 2021, compared to net income of $1.4 million<\/span> in the second quarter of 2020, including the benefit of $1.4 million<\/span> settlement with a utility provider for costs related to the Texas<\/span> freeze event. Specialty Petrochemicals volume in the second quarter of 2021 was 20.0 million gallons, compared to 17.2 million gallons in the first quarter of 2021 and 15.3 million gallons in the second quarter of 2020. Sales revenues for our Specialty Petrochemicals products increased 84.9% year-over-year.\u00a0 This was\u00a0 primarily due to the economic recovery which resulted in\u00a0 greater demand for our products as well as higher product prices.<\/p>\n

Prime product volume in the second quarter of 2021 was 16.9\u00a0million gallons, compared to 14.7 million gallons in the first quarter\u00a0of 2021 and 13.1 million gallons in the second quarter of 2020. By-product sales volume was 3.1 million gallons in the second quarter of 2021. Adjusted EBITDA from continuing operations for Specialty Petrochemicals in the second quarter of 2021 was $9<\/span>.7\u00a0million, compared to $5<\/span>.0\u00a0million in the second quarter of 2020.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Dollar amounts in thousands\/rounding may apply<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n THREE MONTHS
ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n JUNE 30<\/b>
\n ,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2021<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n % Change<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Product sales<\/span>\n <\/p>\n<\/td>\n

\n

\n $57,763<\/span>\n <\/p>\n<\/td>\n

\n

\n $31,236<\/span>\n <\/p>\n<\/td>\n

\n

\n 85%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Processing fees<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,527<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,159<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 32%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Gross revenues<\/span>\n <\/p>\n<\/td>\n

\n

\n $59,290<\/span>\n <\/p>\n<\/td>\n

\n

\n $32,395<\/span>\n <\/p>\n<\/td>\n

\n

\n 83%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating profit before depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,741<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,974<\/span>\n <\/p>\n<\/td>\n

\n

\n 96%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating profit<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,955<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,354<\/span>\n <\/p>\n<\/td>\n

\n

\n 196%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Net profit before taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,709<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,648<\/span>\n <\/p>\n<\/td>\n

\n

\n 307%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,787<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,621<\/span>\n <\/p>\n<\/td>\n

\n

\n 6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Adjusted EBITDA<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,737<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,998<\/span>\n <\/p>\n<\/td>\n

\n

\n 95%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Capital expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,692<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,382<\/span>\n <\/p>\n<\/td>\n

\n

\n (31%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n Specialty Waxes<\/b>\n <\/p>\n

Specialty Waxes generated revenues of approximately $9<\/span>.6\u00a0million in the second quarter of 2021, a $0<\/span>.9\u00a0million increase from $8.7 million<\/span> in the first quarter\u00a0of 2021, and a $1.3 million<\/span> increase from the second quarter of 2020. Revenues included approximately $6<\/span>.9\u00a0million of wax product sales in the second quarter of 2021, 26.1% higher than the same quarter last year, due to higher selling prices; average selling prices for our specialty waxes increased by more than 20%. Wax sales volumes increased approximately 5.2% from the second quarter of 2020.<\/p>\n

Adjusted EBITDA for Specialty Waxes in the second quarter of 2021 was $1.3 million<\/span>, compared to $0.9 million<\/span> in the second quarter of 2020. Specialty Waxes net loss was $0<\/span>.2\u00a0million in the second quarter of 2021, compared to net loss of $0.3 million<\/span> in the second quarter of 2020.<\/p>\n

Processing fees, which were approximately $2.7 million<\/span> in the second quarter of 2021, a decrease of 5.2%, or approximately $0.1 million<\/span>, from the second quarter of 2020. The decline was due to customer supply chain disruptions combined with residual impacts from the Texas<\/span> freeze event which caused the ramp up on new custom processing projects to take longer than expected.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Dollar amounts in thousands\/rounding may apply<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n THREE MONTHS
ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n \u00a0JUNE 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2021<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n % Change<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Product sales<\/span>\n <\/p>\n<\/td>\n

\n

\n $6,897<\/span>\n <\/p>\n<\/td>\n

\n

\n $5,471<\/span>\n <\/p>\n<\/td>\n

\n

\n 26%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Processing fees<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,662<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,808<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (5%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Gross revenues<\/span>\n <\/p>\n<\/td>\n

\n

\n $9,559<\/span>\n <\/p>\n<\/td>\n

\n

\n $8,279<\/span>\n <\/p>\n<\/td>\n

\n

\n 16%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating profit before\u00a0depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,321<\/span>\n <\/p>\n<\/td>\n

\n

\n 854<\/span>\n <\/p>\n<\/td>\n

\n

\n 55%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating loss<\/span>\n <\/p>\n<\/td>\n

\n

\n (198)<\/span>\n <\/p>\n<\/td>\n

\n

\n (485)<\/span>\n <\/p>\n<\/td>\n

\n

\n 59%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Net loss before taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n (184)<\/span>\n <\/p>\n<\/td>\n

\n

\n (445)<\/span>\n <\/p>\n<\/td>\n

\n

\n 59%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,518<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,338<\/span>\n <\/p>\n<\/td>\n

\n

\n 14%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Adjusted EBITDA<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,336<\/span>\n <\/p>\n<\/td>\n

\n

\n 892<\/span>\n <\/p>\n<\/td>\n

\n

\n 50%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Capital expenditures<\/span>\n <\/p>\n<\/td>\n

\n

\n 191<\/span>\n <\/p>\n<\/td>\n

\n

\n 285<\/span>\n <\/p>\n<\/td>\n

\n

\n (33%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\n First Half 2021 Financial Results <\/b>\n <\/p>\n

Net loss from continuing operations in the first half of 2021 was $2.1 million<\/span>, or $(0.09)<\/span> per diluted share[3], compared to net income from continuing operations of $4.0 million<\/span>, or $0.16<\/span> per diluted share[4], for the same period in 2020. The first half of 2021 included the negative impact of the Texas<\/span> freeze event in February, estimated to be $3.5 million<\/span>, while the first half of 2020 included an income tax benefit of $4.8 million<\/span>. Adjusted EBITDA from continuing operations in the first half of 2021 was $7.6 million<\/span>, compared to Adjusted EBITDA from continuing operations of $9.7 million<\/span> for the same period in 2020.<\/p>\n

Total revenue in the first half of 2021 was $123.4 million<\/span>, compared to $102.7 million<\/span> for the same period in 2020, an increase of 20.1%. This increase was primarily due to higher sales volumes and higher selling prices as a result of the economic recovery from COVID-19 and increased costs of natural gasoline.<\/p>\n

Gross profit in the first half of 2021 was $13.4 million<\/span>, or 10.8% of total revenues, compared to $14.2 million<\/span>, or 13.9% of total revenues, for the same period in 2020. Operating loss in the first half of 2021 was $2.1 million<\/span>, compared to operating income of $0.9 million<\/span> for the same period in 2020.<\/p>\n

\n Specialty\u00a0Petrochemicals <\/b>\n <\/p>\n

Specialty Petrochemicals net income was $5.5 million<\/span> in the first half of 2021, compared to net income of $6.0 million<\/span> for the same period in 2020. Specialty Petrochemicals volume in the first half of 2021 was 37.2 million gallons, compared to 35.1 million gallons for the same period in 2020. Prime product volume in the first half of 2021 was 31.5 million gallons, compared to 29.3 million gallons in the same period 2020. Adjusted EBITDA from continuing operations for Specialty Petrochemicals in the first half of 2021 increased 7.3% to $12.3 million<\/span>, compared to $11.5 million<\/span> for the same period in 2020.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Dollar amounts in thousands\/rounding may apply\u00a0<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n SIX MONTHS <\/b>
\n <\/span>\n <\/p>\n

\n
\n ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n JUNE 30<\/b>
\n ,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2021<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n \u00a0% Change<\/u>
\n <\/b>\u00a0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Product sales\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $102,421<\/span>\n <\/p>\n<\/td>\n

\n

\n $81,622<\/span>\n <\/p>\n<\/td>\n

\n

\n 26%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Processing fees\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,781<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,403<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 16%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Gross revenues\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $105,202<\/span>\n <\/p>\n<\/td>\n

\n

\n $84,025<\/span>\n <\/p>\n<\/td>\n

\n

\n 25%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating\u00a0profit before\u00a0depreciation and amortization\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,312<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,464<\/span>\n <\/p>\n<\/td>\n

\n

\n 7%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating profit\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,724<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,226<\/span>\n <\/p>\n<\/td>\n

\n

\n 8%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Net profit\u00a0before taxes\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,412<\/span>\n <\/p>\n<\/td>\n

\n

\n 4,590<\/span>\n <\/p>\n<\/td>\n

\n

\n 40%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Depreciation and amortization\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,589<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,238<\/span>\n <\/p>\n<\/td>\n

\n

\n 7%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Adjusted EBITDA\u00a0from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,307<\/span>\n <\/p>\n<\/td>\n

\n

\n 11,471<\/span>\n <\/p>\n<\/td>\n

\n

\n 7%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Capital expenditures\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,259<\/span>\n <\/p>\n<\/td>\n

\n

\n 6,983<\/span>\n <\/p>\n<\/td>\n

\n

\n 4%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Specialty Waxes<\/b>\u00a0<\/p>\n

Specialty Waxes net loss of $2.1 million<\/span> in the first half of 2021 compared to net income of $0.9 million<\/span> for the same period in 2020. Specialty Waxes had revenues of $18.2 million<\/span> in the first half of 2021, a 2.6% decrease from the same period of 2020. Revenues included $13.8 million<\/span> of wax product sales and $4.4 million<\/span> of processing revenues. Wax sales volumes in the first half of 2021 decreased approximately 4.9% from the same period in 2020. In the first half of 2021, the Texas<\/span> freeze event impacted both wax production and the custom processing business. Adjusted EBITDA from continuing operations for Specialty Waxes in the first half of 2021 was $0.9 million<\/span>, compared to $2.0 million<\/span> for the same period in 2020.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Dollar amounts in thousands\/rounding may apply\u00a0<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n SIX MONTHS
ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n JUNE 30<\/b>
\n ,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2021<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n \u00a0% Change<\/u>
\n <\/b>\u00a0<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Product sales\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $13,804<\/span>\n <\/p>\n<\/td>\n

\n

\n $12,268<\/span>\n <\/p>\n<\/td>\n

\n

\n 13%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Processing fees\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 4,428<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 6,448<\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (31%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Gross revenues\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $18,232<\/span>\n <\/p>\n<\/td>\n

\n

\n $18,716<\/span>\n <\/p>\n<\/td>\n

\n

\n (3%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating\u00a0profit before\u00a0depreciation and amortization\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 840<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,920<\/span>\n <\/p>\n<\/td>\n

\n

\n (56%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Operating loss\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,155)<\/span>\n <\/p>\n<\/td>\n

\n

\n (747)<\/span>\n <\/p>\n<\/td>\n

\n

\n (189%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Net loss\u00a0before taxes\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n (2,138)<\/span>\n <\/p>\n<\/td>\n

\n

\n (687)<\/span>\n <\/p>\n<\/td>\n

\n

\n (211%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Depreciation and amortization\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,994<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,666<\/span>\n <\/p>\n<\/td>\n

\n

\n 12%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Adjusted EBITDA\u00a0from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 857<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,996<\/span>\n <\/p>\n<\/td>\n

\n

\n (57%)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0Capital expenditures\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,405<\/span>\n <\/p>\n<\/td>\n

\n

\n 601<\/span>\n <\/p>\n<\/td>\n

\n

\n 134%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Outlook<\/b>\n <\/p>\n

“In the second quarter we saw a very strong resurgence of demand due both to the continued recovery from the pandemic and the pent-up demand as a result of the Texas<\/span> freeze event in February. The demand improvement allowed us to realize price increases across our entire product offering. Some of these benefits were muted by supply chain disruptions both with our suppliers and service providers. While some issues remain, we took positive steps to mitigate impacts to our customers by expanding our owned trucking fleet and extending our third party trucking network.<\/p>\n

“Demand in the third quarter remains strong reflecting the general economy and likely some inventory building in the supply chain as our customers deal with their own supply chain issues. We also continue to advance our organic growth program with two new commercial trials expected in the quarter. Benefits from restructuring acitivies in our South Hampton product handling function will reduce our costs in the second half of the year. Continued increases in the price of natural gasoline are also impacting margins on our market-based prime products.<\/p>\n

“The second quarter was one of major progress at Trecora and we continue to believe that with an improving economic environment, increasing levels of vaccinations, and activity levels increasing in our end-markets, we expect to drive sustainable profitability in the quarters to come. The improvements that we have made in our company make us very confident about our progress and outlook for the second half of 2021,” concluded Mr. Quarles.<\/p>\n

\n Earnings Call<\/b>\n <\/p>\n

Tomorrow’s conference call, on August 5, 2021<\/span> at 10:00 am Eastern Time<\/span>, will be simulcast live on the Internet, and can be accessed on the investor relations section of the Company’s website at http:\/\/www.trecora.com\/<\/a>\u00a0or at https:\/\/edge.media-server.com\/mmc\/p\/zcza6anf<\/a>. A replay of the call will also be available through the same link until October 5, 2021<\/span>.<\/p>\n

To participate via telephone, callers should dial in at least ten to fifteen minutes prior to the 10:00 am Eastern Time<\/span> start; domestic callers (U.S. and Canada<\/span>) should call +1-866-417-5724 or +1-409-217-8234 if calling internationally, using the conference ID 9462308. To listen to the playback, please call 1-855-859-2056 if calling within the United States<\/span> or 1-404-537-3406 if calling internationally. Use pin number 9462308\u00a0for the replay.<\/p>\n

\n Use of Non-GAAP Measures<\/b>\n <\/p>\n

This earnings press release includes non-GAAP financial measures of EBITDA from continuing operations and Adjusted EBITDA from continuing operations and provide reconciliations from our most directly comparable GAAP financial measures to those measures.<\/p>\n

We believe these financial measures provide users of our financial statements with supplemental information that may be useful in evaluating our operating performance. We also believe that such non-GAAP measures, when read in conjunction with our operating results presented under GAAP, can be used to better assess our performance from period to period and relative to performance of other companies in our industry, without regard to financing methods, historical cost basis or capital structure. These measures are not measures of financial performance or liquidity under GAAP and should be considered in addition to, and not as a substitute for, analysis of our results under GAAP.<\/p>\n

We define EBITDA from continuing operations as net income (loss) from continuing operations plus interest expense, income tax expense (benefit), and depreciation and amortization. We define Adjusted EBITDA from continuing operations as EBITDA from continuing operations plus share-based compensation and plus or minus gains or losses on disposal of assets.<\/p>\n

\n Forward-Looking Statements<\/b>\n <\/p>\n

Some of the statements and information contained in this earnings press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements regarding the Company’s financial position, business strategy and plans and objectives of the Company’s management for future operations and other statements that are not historical facts, are forward-looking statements. Forward-looking statements are often characterized by the use of words such as “outlook,” “may,” “will,” “can,” “shall,” “should,” “could,” “expects,” “plans,” “anticipates,” “contemplates,” “proposes,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “continue,” “intend,” or the negative of such terms and other comparable terminology, or by discussions of strategy, plans or intentions.<\/p>\n

Forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance or our achievements, or industry results, to differ materially from historical results, any future results, or performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and factors include, but are not limited to the impacts of the COVID-19 pandemic on our business, financial results and financial condition and that of our customers, suppliers, and other counterparties; general economic and financial conditions domestically and internationally; insufficient cash flows from operating activities; our ability to attract and retain key employees; feedstock and product prices; feedstock availability and our ability to access third party transportation; competition; industry cycles; natural disasters or other severe weather events (such as the Texas<\/span> freeze event), health epidemics and pandemics (including the COVID-19 pandemic) and terrorist attacks; our ability to consummate extraordinary transactions, including acquisitions and dispositions, and realize the financial and strategic goals of such transactions; technological developments and our ability to maintain, expand and upgrade our facilities; regulatory changes; environmental matters; lawsuits; outstanding debt and other financial and legal obligations (including having to return the amounts borrowed under the PPP Loans or failing to qualify for forgiveness of such loans, in whole or in part); difficulties in obtaining additional financing on favorable conditions, or at all; local business risks in foreign countries, including civil unrest and military or political conflict, local regulatory and legal environments and foreign currency fluctuations; and other risks detailed in our latest Annual Report on Form 10-K, including, but not limited to, “Part I, Item 1A. Risk Factors” and “Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” therein, and in our other filings with the Securities and Exchange Commission (the “SEC”). Many of these risks and uncertainties are currently amplified by and will continue to be amplified by, or in the future may be amplified by, the COVID-19 pandemic and other natural disasters such as severe weather events.<\/p>\n

There may be other factors of which we are currently unaware or deem immaterial that may cause our actual results to differ materially from the forward-looking statements. In addition, to the extent any inconsistency or conflict exists between the information included in this release and the information included in our prior releases, reports and other filings with the SEC, the information contained in this release updates and supersedes such information.<\/p>\n

Forward-looking statements are based on current plans, estimates, assumptions and projections, and, therefore, you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.<\/p>\n

\n About Trecora Resources (TREC)<\/b>\n <\/p>\n

TREC owns and operates a specialty petrochemicals facility specializing in high purity hydrocarbons and other petrochemical manufacturing and a specialty wax facility, both located in Texas<\/span>, and provides custom processing services at both facilities.<\/p>\n

\n Investor Relations Contact: The Equity Group Inc.<\/b>\n <\/p>\n

\n\n\n\n\n\n\n
\n

\n Fred Buonocore, CFA<\/span>\n <\/p>\n<\/td>\n

\n

\n (212) 836-9607<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n fbuonocore@equityny.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Mike Gaudreau<\/span>\n <\/p>\n<\/td>\n

\n

\n (212) 836-9620<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n mg@equityny.com<\/a>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n TRECORA RESOURCES AND SUBSIDIARIES<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n June 30, 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December 31,
2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n ASSETS<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n (thousands of dollars, except par value)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Current Assets<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 39,125<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 55,664<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Trade receivables, net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34,210<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25,301<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Inventories<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,640<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,945<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Prepaid expenses and other assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,094<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,198<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Taxes receivable<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 286<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,788<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total current assets<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 94,355<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 105,896<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0Plant, pipeline and equipment,<\/b>\u00a0net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 188,109<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 187,104<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Intangible assets, <\/b>net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,893<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Lease right-of-use assets,<\/b>\u00a0net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,962<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,528<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Mineral properties<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 412<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 412<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTAL ASSETS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 303,810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 316,833<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n LIABILITIES<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Current Liabilities<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Accounts payable<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 11,488<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 14,447<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accrued liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,388<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,857<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of long-term debt<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,194<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,194<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of lease liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,244<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,195<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of CARES Act, PPP Loans<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,123<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of other liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 569<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 891<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total current liabilities<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 33,006<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 29,584<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n CARES Act, <\/b>PPP Loans, net of current portion<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,123<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Long-term debt, <\/b>net of current portion<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39,804<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 41,901<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Post-retirement benefit, <\/b>net of current portion<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 316<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 320<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Lease liablities, <\/b>net of current portion<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,718<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,333<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Other liabilities, <\/b>net of current portion<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 648<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Deferred income taxes<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,241<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,517<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Total liabilities<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 105,711<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 112,426<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n EQUITY<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Common stock <\/b>– authorized 40 million shares of $0.10 par value; issued
24.4\u00a0million and 24.8\u00a0million and outstanding 23.8\u00a0million\u00a0and 24.8\u00a0million in
2021 and 2020, respectively<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,497<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,483<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Additional paid-in capital<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62,138<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 61,311<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Treasury stock, <\/b>at cost (0.6 million shares)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5,000)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Retained earnings<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 138,175<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 140,324<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Trecora Resources Stockholders’ Equity<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 197,810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 204,118<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noncontrolling Interest<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 289<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 289<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Total equity<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 198,099<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 204,407<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n TOTAL LIABILITIES AND EQUITY<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0303,810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 316,833<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n TRECORA RESOURCES AND SUBSIDIARIES<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CONSOLIDATED STATEMENTS OF INCOME<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n THREE MONTHS ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n SIX MONTHS ENDED<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n JUNE 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n JUNE 30,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n
\n (unaudited)<\/i>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n (unaudited)<\/i>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n
\n (thousands of dollars, except per share amounts)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Revenues<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Product sales<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a064,660<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 36,707<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 116,225<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 93,890<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Processing fees<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,189<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,967<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,209<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,851<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 68,849<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 40,674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 123,434<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 102,741<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating costs and expenses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cost of sales and\u00a0processing (including depreciation and
amortization of $4,082, $3,750, $8,137 and $7,486,
respectively)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 57,828<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 34,507<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 110,068<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 88,496<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gross Profit<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,021<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,167<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,366<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14,245<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n General and Administrative Expenses<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n General and administrative<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,673<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,289<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,005<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,963<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 212<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 428<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 7,899<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,501<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,457<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,391<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Operating income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,122<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (334)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,091)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 854<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Other income (expense)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (297)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (735)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (599)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,651)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Miscellaneous income, net<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 133<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 68<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 243<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (164)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (667)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (356)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,645)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) from continuing operations before income taxes<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,958<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,001)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,447)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (791)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax (expense) benefit<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (703)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (858)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 298<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,795<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) from continuing operations<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,255<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,859)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,149)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,004<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) from discontinued operations, net of tax<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,855<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 2,255<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (1,861)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (2,149)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a08,859<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic earnings (loss) per common share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss) from continuing operations (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 (0.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0(0.09)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a00.16<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income from discontinued operations, net of tax (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss) (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0(0.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0(0.09)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.36<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic weighted average number of common shares
outstanding<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,485<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,802<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,673<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,784<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Diluted earnings (loss) per common share<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net income (loss) from continuing operations (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 (0.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 (0.09)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.16<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income from discontinued operations, net of tax (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.19<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss) (dollars)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a00.09<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 (0.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0(0.09)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 0.35<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Diluted weighted average number of common shares
outstanding<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25,097<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,802<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,673<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25,327<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

TRECORA RESOURCES AND SUBSIDIARIES<\/p>\n

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES<\/p>\n

EBITDA from continuing operations and Adjusted EBITDA from continuing operations<\/p>\n

(thousands of dollars; rounding may apply)<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n \n <\/td>\n\n

\n
\n
\n THREE MONTHS ENDED<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n THREE MONTHS ENDED<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n 6\/30\/2021<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 6\/30\/2020<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n SPEC. PETRO<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. WAX<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n CORP<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n TREC<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. PETRO<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. WAX<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n CORP<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n TREC<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS)<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 5,286<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 (183)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (2,848)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 2,255<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 1,393<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 (332)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(2,922)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1,861)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income from discontinued operations, net of
tax<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (Loss) from continuing operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 5,286<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 (183)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (2,848)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 2,255<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 1,393<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 (332)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(2,920)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1,859)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 297<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 297<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 736<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 735<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income tax expense (benefit)<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,406<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (703)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 703<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 255<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (113)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 716<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 858<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 200<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 185<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 212<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization in cost of
sales<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,586<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,496<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,082<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,436<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,314<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,750<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EBITDA from continuing operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,775<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,336<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3,548)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,563<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,005<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 892<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,201)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,696<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Stock-based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 552<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 552<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 543<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 543<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on disposal of assets<\/span>\n <\/p>\n<\/td>\n

\n

\n (38)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (38)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (7)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA from continuing
operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a09,737<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,336<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (2,996)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a08,077<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 4,998<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 892<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(1,658)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 4,232<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n SIX MONTHS ENDED<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n SIX MONTHS ENDED<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n 6\/30\/2021<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 6\/30\/2020<\/u>
\n <\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n SPEC. PETRO<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. WAX<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n CORP<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n TREC<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. PETRO<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n SPEC. WAX<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n CORP<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n TREC<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCOME (LOSS)<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 5,491<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0(2,137)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (5,503)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(2,149)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 5,989<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0882<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,988<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 8,859<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income from discontinued operations, net of
tax<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,855<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,855<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (Loss) from continuing operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 5,491<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0(2,137)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (5,503)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(2,149)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 5,989<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0882<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(2,867)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 4,004<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 599<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 599<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,651<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,651<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income tax expense (benefit)<\/span>\n <\/p>\n<\/td>\n

\n

\n 920<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,218)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (298)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,399)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,569)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,827)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4,795)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n 400<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 46<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 452<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 371<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 47<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 428<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization in cost of
sales<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,189<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,948<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,137<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,867<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,619<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,486<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n EBITDA from continuing operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n 12,599<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 857<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6,715)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,741<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,479<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,979<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (4,684)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,774<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Share based compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,123<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,123<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 933<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 933<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (Gain) Loss on disposal of assets<\/span>\n <\/p>\n<\/td>\n

\n

\n (292)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (292)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Adjusted EBITDA from continuing
operations *<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a012,307<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 857<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ (5,592)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a07,572<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a011,471<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a01,996<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $(3,751)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a09,716<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n * Discontinued Operations only applicable within the Corporate segment<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

__________
1<\/sup>\u00a0Based on 25.1\u00a0million shares outstanding.
2<\/sup>\u00a0Based on 24.8 million shares outstanding.
3<\/sup>\u00a0Based on 24.7\u00a0million shares outstanding.
4<\/sup>\u00a0Based on 25.3\u00a0million shares outstanding.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/trecora-resources-announces-second-quarter-2021-results-301348660.html<\/a><\/p>\n

SOURCE Trecora Resources<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

— Second quarter net income and Adjusted EBITDA increased year-over-year due to economic recovery and strong demand from end-use markets — Second quarter net income from continuing operations of $2.3 million compared to net loss from continuing operations of $1.9 million in the second quarter of 2020 — Second quarter Adjusted EBITDA from continuing operations of $8.1 million compared to Adjusted EBITDA from continuing operations of $4.2 million in the second quarter of 2020, driven by sharply improved results for both Specialty Petrochemicals and Specialty Waxes — Repurchased 633,273 shares year-to-date, or approximately $5 million, under $20 million share repurchase authorization — Strong balance sheet with ample liquidity to fund growth initiatives — Conference call at 10:00 am ET, August … <\/p>\n

Continue reading “Trecora Resources Announces Second Quarter 2021 Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-523502","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTrecora Resources Announces Second Quarter 2021 Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/trecora-resources-announces-second-quarter-2021-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trecora Resources Announces Second Quarter 2021 Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"— Second quarter net income and Adjusted EBITDA increased year-over-year due to economic recovery and strong demand from end-use markets — Second quarter net income from continuing operations of $2.3 million compared to net loss from continuing operations of $1.9 million in the second quarter of 2020 — Second quarter Adjusted EBITDA from continuing operations of $8.1 million compared to Adjusted EBITDA from continuing operations of $4.2 million in the second quarter of 2020, driven by sharply improved results for both Specialty Petrochemicals and Specialty Waxes — Repurchased 633,273 shares year-to-date, or approximately $5 million, under $20 million share repurchase authorization — Strong balance sheet with ample liquidity to fund growth initiatives — Conference call at 10:00 am ET, August … Continue reading "Trecora Resources Announces Second Quarter 2021 Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/trecora-resources-announces-second-quarter-2021-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-04T20:20:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/167307\/trecora_resources_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Trecora Resources Announces Second Quarter 2021 Results\",\"datePublished\":\"2021-08-04T20:20:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/\"},\"wordCount\":3311,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/167307\\\/trecora_resources_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/trecora-resources-announces-second-quarter-2021-results\\\/\",\"name\":\"Trecora Resources Announces Second Quarter 2021 Results - 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