Total Revenue

-3% (from $943.56M in Q4 2023 to $912.04M in Q4 2024)

Overall revenue declined due to a significant weakness in key international markets, notably Latin America and Asia-Pacific, which could not be offset by the stronger U.S. performance. The dramatic drop in Latin America revenue greatly influenced the overall decrease. " " " "

Net Income

+7% (from $77.20M in Q4 2023 to $82.77M in Q4 2024)

Net income increased despite lower total revenue due to improved operational performance and cost efficiencies, allowing higher profitability from the U.S. market and other segments, even as international revenues declined. " "

Basic EPS

Increased (from $0.40 in Q4 2023 to $0.43 in Q4 2024)

Basic EPS improved as a result of the higher net income and likely favorable share count management, reflecting the improved earnings quality from a robust U.S. market despite the overall revenue pressure from international regions. " "

United States Revenue

Up over 5% (from $481.85M in Q4 2023 to $508.66M in Q4 2024)

U.S. revenue grew driven by increased customer activity and demand—likely in high-margin areas such as artificial lift systems—helping to buoy overall performance even as other regions struggled. " "

Latin America Revenue

-54% (from $155.63M in Q4 2023 to $71.83M in Q4 2024)

Latin America revenues plunged sharply due to the decline of revenue derived from the Cross Supply and Product Transfer Agreement with Ecolab, a factor that had previously supported higher revenue levels in this region. " "

Asia-Pacific Revenue

-13% (from $20.69M in Q4 2023 to $17.99M in Q4 2024)

Asia-Pacific revenue declined as lower demand and possibly reduced activity in key countries contributed to a drop in sales, following a trend observed in prior periods where international challenges impacted revenue performance. " "