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.

Earnings data Q1 2021

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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.

HOUSTON , March 6, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its fourth quarter and full year 2022 results for the periods ended December 31, 2022.  In a press release to be issued after market close on Monday, March 20, 2023, Flotek plans to release its fourth quarter and full year 2022 financial and operating results for the periods ended December 31, 2022.

FLOTEK ANNOUNCES TIMING OF FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS RELEASE

Director Harsha V. Agadi to Serve as Chief Executive Officer on an Interim Basis, Succeeding John W.

Flotek Announces Leadership Transitions, Marking the Beginning of a New Chapter of Future Growth and Profitability

HOUSTON, Jan. 5, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, invites individual and institutional investors as well as advisors and analysts, to attend its real-time, interactive presentation at the Emerging Growth Conference on Wednesday, January 11, 2023, from 10:15 – 10:45 Eastern Time. CEO John W.

FLOTEK TO PRESENT AT THE EMERGING GROWTH CONFERENCE ON WEDNESDAY JANUARY 11, 2023

HOUSTON , Dec. 19, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced the appointment of Mr. Bond Clement to the role of Chief Financial Officer.

FLOTEK APPOINTS BOND CLEMENT TO ROLE OF CHIEF FINANCIAL OFFICER

Flotek Industries, Inc. (NYSE:FTK ) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Bernie Colson - Senior Vice President of Corporate Development & Sustainability John Gibson - Chairman, President & Chief Executive Officer Ryan Ezell - Chief Operating Officer Seham Carson - Interim Chief Financial Officer Conference Call Participants Don Crist - Johnson Rice Jeff Robertson - Water Tower Research Eric Swergold - Firestorm Capital Operator Greetings and welcome to Flotek Industries Third Quarter 2020 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Flotek Industries, Inc. (FTK) Q3 2022 Earnings Call Transcript

HOUSTON , Nov. 8, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced third quarter results for the three months ended September 30, 2022. Total third quarter revenue of $45.6MM increased 55% sequentially, 4.5x year-over-year, and exceeded full year 2021 revenue of $43.3MM Announced agreement with ProFrac Services, LLC to supply 20 JP3 Verax® analyzers with six placed in service in the fourth quarter Adjusted EBITDA as a percentage of revenue improved for the fifth consecutive quarter, to negative 18% compared to negative 25% in the second quarter 2022 and negative 42% in the first quarter 2022 Quarter-end cash and cash equivalents of $8.6MM was impacted by continued rapid growth and the associated increase in working capital.

FLOTEK ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS

HOUSTON , Nov. 7, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions today announced that management will present at the SHARE Series event, held virtually, on Monday, November 14, 2022, at 10:30 a.m. CT (11:30 a.m.

FLOTEK TO PARTICIPATE IN THE SHARE SERIES VIRTUAL EVENT

HOUSTON , Oct. 25, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its third quarter 2022 results for the three months ended September 30, 2022.  In a press release to be issued after market close on Tuesday, November 8, 2022, Flotek will release its third quarter 2022 financial and operating results for the three months ended September 30, 2022.

FLOTEK ANNOUNCES EARNINGS SCHEDULE FOR THIRD QUARTER 2022 RESULTS

HOUSTON , Oct. 13, 2022 /PRNewswire/ -- On October 11, 2022, the Board of Directors (the "Board") of Flotek Industries, Inc. ("Flotek") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, increased the number of directors on the Board from six to seven and appointed Evan Farber to the Board. Mr. Farber was appointed as a member of the compensation and corporate governance and nominating committees of the Board.

FLOTEK WELCOMES EVAN FARBER TO BOARD OF DIRECTORS

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Flotek Industries, Inc. (NYSE:FTK ) Q2 2022 Results Conference Call August 10, 2022 10:00 AM ET Company Participants Bernie Colson - SVP, Corporate Development and Sustainability John Gibson - Chairman, President and CEO and President Nick Bigney - General Counsel and Chief Compliance Officer Ryan Ezell - COO Seham Carson - Interim CFO James Silas - SVP of Research and Innovation Conference Call Participants Donald Crist - Johnson Rice Jeff Robertson - Water Tower Research Eric Swergold - Firestorm Capital Bill Hyler - WDH Capital Operator Good day, and welcome Flotek Industries Second Quarter 2022 Conference Call. [Operator Instructions] Please note that this event is being recorded.

Flotek Industries, Inc. (FTK) CEO John Gibson on Q2 2022 Results - Earnings Call Transcript

HOUSTON , Aug. 9, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced second quarter results for the three months ended June 30, 2022. "I'm pleased to report our second quarter 2022 results in which revenue of $29.4MM increased 2.3x compared to the first quarter 2022 and 3.2x compared to the second quarter of 2021.

FLOTEK ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS

HOUSTON , Aug. 9, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced an agreement in principle to provide 20 of the Company's JP3 Verax® analyzer units to ProFrac Holdings for a period of five years. "In April we commenced a 10-year chemistry Supply Agreement with ProFrac, which we are ramping up.

FLOTEK JP3 VERAX® ANALYZER ENABLES FIELD GAS USAGE AT PROFRAC

HOUSTON , Aug. 3, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its second quarter 2022 results for the three months ended June 30, 2022.  In a press release to be issued after market close on Tuesday, August 9, 2022, Flotek will release its second quarter 2022 financial and operating results for the three months ended June 30, 2022.

FLOTEK ANNOUNCES EARNINGS SCHEDULE FOR SECOND QUARTER 2022 RESULTS

HOUSTON , July 20, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced that it expects second quarter 2022 revenue to be in excess of $28MM compared to first quarter 2022 revenue of $12.9MM and second quarter 2021 revenue of $9.2MM. In addition, the Company provided commentary on progress made ramping up volumes related to the ProFrac Holdings (ProFrac) contract.

FLOTEK ANNOUNCES PRELIMINARY SECOND QUARTER 2022 REVENUE

HOUSTON , May 17, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced that it has closed its transactions under the previously-announced agreement with ProFrac Holdings, LLC ("ProFrac") to expand the existing long-term supply agreement with one of ProFrac's affiliates, as approved by the Company's shareholders on May 9, 2022.  As part of the transactions, the existing long-term supply agreement was amended to extend the term to ten years and to increase the minimum baseline of chemical products to the greater of 70% of ProFrac's requirements or the chemicals required for 30 hydraulic fracturing fleets.

FLOTEK ANNOUNCES CLOSING OF AGREEMENT WITH PROFRAC

Flotek Industries, Inc. (NYSE:FTK ) Q1 2022 Earnings Conference Call May 17, 2022 10:00 AM ET Company Participants Bernie Colson - SVP, Corporate Development and Sustainability John Gibson - Chairman, President and CEO and President Nick Bigney - General Counsel and Chief Compliance Officer Ryan Ezell – COO Michael Borton – CFO James Silas - SVP of Research and Innovation Conference Call Participants Eric Swergold - Firestorm Capital Don Crist - Johnson Rice Mike Heim - Noble Capital Markets Operator Greetings, and welcome to Flotek Industries' First Quarter 2022 Earnings Conference Call. At this time, all participants are in listen-only mode.

Flotek Industries, Inc. (FTK) CEO John Gibson on Q1 2022 Results - Earnings Call Transcript

Flotek Industries (FTK) delivered earnings and revenue surprises of -150% and 8.74%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Flotek Industries (FTK) Reports Q1 Loss, Tops Revenue Estimates

HOUSTON , May 16, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced first quarter results for the three months ended March 31, 2022. "We closed the quarter in a strong position with March performance returning to pre-pandemic levels, leading to improved quarterly revenue and adjusted EBITDA compared to last quarter.

FLOTEK ANNOUNCES FIRST QUARTER 2022 RESULTS

HOUSTON , May 10, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK), a leader in technology-driven specialty green chemistry solutions, today announced that Flotek's shareholders overwhelmingly approved the previously-announced agreement with ProFrac Holdings, LLC ("ProFrac") to expand the existing long-term supply agreement with one of ProFrac's affiliates. The results from yesterday's meeting indicate that approximately 98.5% of the votes cast by Flotek common stock voted in favor of the proposal to approve the transactions contemplated by the agreement with ProFrac.

FLOTEK ANNOUNCES SHAREHOLDER APPROVAL OF $2 BILLION+ LONG TERM CONTRACT

HOUSTON , May 9, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its first quarter 2022 results for the three months ended March 31, 2022.  In a press release to be issued after market close on Monday, May 16, 2022, Flotek will release its first quarter 2022 financial and operating results for the three months ended March 31, 2022.

FLOTEK ANNOUNCES EARNINGS SCHEDULE FOR FIRST QUARTER 2022 RESULTS

HOUSTON , April 4, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it has received written notice from the New York Stock Exchange (the "NYSE") that it has regained compliance with the NYSE's continued listing standards. The notification is a result of the Company's average closing price for the 30-trading days ended March 31, 2022 exceeding the NYSE's minimum requirement of $1.00 per share, based on a 30-trading day average.

FLOTEK INDUSTRIES REGAINS COMPLIANCE WITH NYSE'S CONTINUED LISTING STANDARD

Flotek Industries, Inc.'s (FTK) CEO John Gibson on Q4 2021 Results - Earnings Call Transcript

HOUSTON , March 30, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the fourth quarter and full-year ended December 31, 2021. "In 2021 we focused on strengthening the fundamentals of our business to emerge as a stronger organization primed for metamorphic opportunities in 2022 and beyond.

FLOTEK ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS

HOUSTON , March 28, 2022 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) schedule for releasing its results for the twelve months ended December 31, 2021. In a press release to be issued after market close on Wednesday, March 30, 2022, Flotek will release its full year 2021 financial and operating results for the twelve months ended December 31, 2021.

FLOTEK ANNOUNCES EARNINGS SCHEDULE FOR 2021 RESULTS

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