Flotek Industries

Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. It operates through the following segments: Chemistry Technologies and Data Analytics. The Chemistry Technologies segment develops, manufactures, packages, distributes delivers, and markets sanitizers and disinfectants for commercial, governmental and personal consumer use and also includes specialty chemistries and logistics which enable customers to improve efficiencies in the drilling and completion of well. The Data Analytics segment includes the design, development, production, sale and support of equipment and services that create and provide valuable information about the composition of energy customer's hydrocarbon fluids. The firm also empowers the energy industry to maximize the value of hydrocarbon streams and improve return on invested capital through real-time data platforms and chemistry technologies. It serves downstream, midstream and upstream customers, both domestic and international. The company was founded on May 17, 1985 and is headquartered in Houston, TX.

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Flotek Industries reports robust Q3 earnings and eyes global expansion

Flotek Industries delivered strong financial performance in Q3 2024, with notable revenue growth and improved profitability metrics.
While facing challenges in a competitive landscape, the company's focus on innovation and cost efficiency presents opportunities for sustained growth.
By emphasizing revenue growth, market expansion, and shareholder value, Flotek is poised to capitalize on opportunities and drive long-term success.

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Flotek Industries, Inc. engages in the business of creating unique solutions to reduce the environmental impact of energy on air, water, land, and people. It operates through the following segments: Chemistry Technologies (CT), Data Analytics (DA), and Corporate and Other. The CT segment includes developing, manufacturing, packaging, distributing, delivering, and marketing green specialty chemicals that help customers meet their environmental, social, and governance and operational goals and aims to enhance the profitability of hydrocarbon producers. The DA segment focuses on enabling users to maximize the value of their hydrocarbon associated processes by providing real-time data and analytics associated with the streams in seconds rather than minutes or days. The company was founded on May 17, 1985 and is headquartered in Houston, TX.

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Flotek Industries, Inc. (NYSE:FTK ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Michael Critelli - Director, Finance & IR Ryan Ezell - CEO Bond Clement - CFO Conference Call Participants Jeff Grampp - Alliance Global Partners Gerry Sweeney - ROTH Capital Josh Jayne - Daniel Energy Partners Operator Welcome to the Flotek Industries Third Quarter 2024 Earnings Conference Call. [Operator Instructions].

Flotek Industries, Inc. (FTK) Q3 2024 Earnings Call Transcript

Flotek Industries (FTK) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.04 per share a year ago.

Flotek Industries (FTK) Q3 Earnings Surpass Estimates

HOUSTON , Nov. 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the quarter ended September 30, 2024, highlighted by significant improvement in profitability metrics as compared to the third quarter of 2023. Due to the strong results achieved through the first nine months of the year, the Company increased its 2024 profit guidance.

Flotek Announces Increased 2024 Guidance, Improved Revenue, and Continued Profit Growth in Connection with Third Quarter 2024 Results

HOUSTON , Oct. 7, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its third quarter 2024 financial and operating results for the period ended September 30, 2024.  The Company plans to issue its third quarter 2024 financial and operating results press release after market close on Monday, November 4, 2024, and host its earnings conference call on Tuesday, November 5, 2024, at 9:00 a.m.

Flotek Announces Timing of Third Quarter 2024 Earnings Release

Flotek Industries (FTK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in Flotek Industries (FTK): Can Its 9.5% Jump Turn into More Strength?

Flotek Industries, Inc. (NYSE:FTK ) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Michael Critelli - Director of Finance Ryan Ezell - Chief Executive Officer Bond Clement - Chief Financial Officer Conference Call Participants Jeff Grampp - Alliance Global Partners Don Crist - Johnson Rice Gerry Sweeney - ROTH Capital Blake McLean - Daniel Energy Partners Richard Dearnley - Longport Partners Operator Good morning, ladies and gentlemen, and welcome to the Flotek Industries' 2024 Q2 Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, August 7, 2024.

Flotek Industries, Inc. (FTK) Q2 2024 Earnings Call Transcript

HOUSTON , Aug. 6, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the quarter ended June 30, 2024, highlighted by significant improvement in profitability metrics as compared to the second quarter of 2023. Due to the strong business performance in the first half of the year, the Company increased its 2024 profitability guidance.

Flotek Announces Increased 2024 Guidance and Continued Profitability Growth in Connection with Second Quarter 2024 Results

HOUSTON , July 16, 2024 /PRNewswire/ -- Flotek Industries' (NYSE: FTK) wholly owned subsidiary JP3 Measurement, a leader in innovative analytical measurement solutions, today announced that the Environmental Protection Agency (EPA) has designated the JP3 system as an approved measurement technology with respect to recently enacted flare regulations. This state-of-the-art optical instrument, designed for the precise measurement of net heating values (NHV) in flare gases, is the first to be approved as an alternative method under the new NSPS OOOOb regulations, supporting cleaner and more efficient operations across the oil and gas industry.

FLOTEK'S JP3 ANALYZER RECEIVES EPA APPROVAL FOR OIL AND GAS FLARE MONITORING REGULATIONS

HOUSTON , July 9, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its second quarter 2024 financial and operating results for the period ended June 30, 2024. The Company plans to release its second quarter 2024 financial and operating results press release after market close on Tuesday, August 6, 2024, and host its earnings conference call on Wednesday, August 7, 2024, at 9:00 a.m.

Flotek Announces Timing of Second Quarter 2024 Earnings Release and Participation in EnerCom - The Energy Investment Conference

HOUSTON , June 11, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that the company is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization.

Flotek Set to Join the Russell Microcap® Index

HOUSTON , June 10, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. This appointment serves as the replacement for the Company's Senior Vice President- Global Business Lines who departed in March 2024.

Flotek Enhances Executive Leadership Team With Addition of Leon Chad as Senior Vice President, Commercial

HOUSTON , May 24, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that David Nierenberg is stepping down from his position as a member of the Company's Board of Directors.   Harsha V.

Flotek Announces Departure of Director David Nierenberg

Flotek Industries, Inc. (NYSE:FTK ) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Michael Critelli - Director of Finance Ryan Ezell - Chief Executive Officer Bond Clement - Chief Financial Officer Conference Call Participants Jeffrey Grampp - Alliance Global Partners Donald Crist - Johnson Rice Eric Swergold - Firestorm Capital BJ Cook - Singular Research Operator Good morning, ladies and gentlemen, and welcome to the Flotek Industries First Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.

Flotek Industries, Inc. (FTK) Q1 2024 Earnings Call Transcript

HOUSTON , May 7, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the quarter ended March 31, 2024, highlighted by significant improvement in profitability metrics as compared to the first quarter of 2023. Financial Summary (in thousands, except per share amounts) Three months ended March 31, 2024 2023 % Change Total Revenues $                    40,374 $                     48,007 (16) % Gross Profit $                      8,821 $                       1,880 369 % Adjusted Gross Profit (1) $                    10,075 $                       2,647 281 % Net Income $                      1,562 $                     21,343 (93) % Diluted Income (Loss) Per Share $                        0.05 $                        (0.12) n/a Adjusted EBITDA (1) $                      4,026 $                      (3,851) n/a First Quarter 2024 Highlights Reported net income of $1.6 million compared to net income of $21.3 million for the first quarter of 2023.

Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability

HOUSTON , April 8, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its first quarter 2024 financial and operating results for the period ended March 31, 2024.    The Company plans to release its first quarter 2024 financial and operating results press release after market close on Tuesday, May 7, 2024, and host its earnings conference call on Wednesday, May 8, 2024, at 9:00 a.m.

Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference Call

Flotek Industries, Inc. (FTK) Q4 2023 Earnings Call Transcript

HOUSTON , March 12, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced operational and financial results for the fourth quarter and full-year ended December 31, 2023, highlighted by significant improvement in all profitability metrics, including net income, gross profit and adjusted gross profit(1). For the first time since 2017, the Company generated full-year positive adjusted EBITDA(1).

Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit

HOUSTON , March 4, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Amy Blakeway as Senior Vice President, General Counsel, effective March 1, 2024. With over a decade of legal experience in the energy sector, Ms.

Flotek Strengthens Executive Leadership Team with the Addition of Amy Blakeway as Senior Vice President, General Counsel

HOUSTON , Feb. 12, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its fourth quarter and year-end 2023 financial and operating results for the periods ended December 31, 2023.    The Company plans to release its fourth quarter and year-end 2023 financial and operating results press release after market close on Tuesday, March 12, 2024.

Flotek Announces Timing of Fourth Quarter and Year-End 2023 Earnings Release and Conference Call

HOUSTON , Jan. 25, 2024 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company is scheduled to participate in the 36th Annual Roth Conference to be held at the Ritz Carlton in Laguna Niguel, California, March 17-19, 2024. Flotek Chief Executive Officer, Ryan Ezell, will participate in an industry panel discussion and will be joined by Chief Financial Officer, Bond Clement, in hosting one-on-one meetings with investors during the event.

Flotek Announces Participation in the 36th Annual Roth Conference

Flotek Industries, Inc. (NYSE:FTK ) Q3 2023 Earnings Conference Call November 8, 2023 10:00 AM ET Company Participants Larry Busnardo - Investor Relations Ryan Ezell - Chief Executive Officer Bond Clement - Chief Financial Officer Conference Call Participants Cory Johnson - Epistrophy Capital Gerry Sweeney - ROTH Capital Partners Operator Good morning, and welcome, Flotek International Third Quarter 2023 Earnings Call. All participants will be in listen-only mode.

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