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Flotek(FTK) - 2024 Q1 - Quarterly Results
2024-05-07 20:02
Exhibit 99.1 Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability HOUSTON, May 7, 2024 - 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 ...
Flotek Announces First Quarter 2024 Results Reflecting Improved Profitability
Prnewswire· 2024-05-07 20:01
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) ...
Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference Call
PRNewsWire· 2024-04-08 20:14
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. CST (10:00 a.m. EST).To participate in the ...
Flotek(FTK) - 2023 Q4 - Annual Report
2024-03-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-13270 FLOTEK INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 90-0023731 (State of other jurisdiction of incorpora ...
Flotek(FTK) - 2023 Q4 - Earnings Call Transcript
2024-03-13 16:06
Flotek Industries, Inc. (NYSE:FTK) Q4 2023 Earnings Conference Call March 13, 2024 10:00 AM ET Company Participants Mike Critelli - Director of Finance Ryan Ezell - Chief Executive Officer Bond Clement - Chief Financial Officer Conference Call Participants Donald Crist - Johnson Rice Jeff Robertson - Water Tower Research Eric Swergold - Firestorm Capital Richard Rudgley - Glenbrook Operator Welcome to the Flotek Industries Fourth Quarter and Year-End 2023 Earnings Conference Call. At this time, note that al ...
Flotek(FTK) - 2023 Q4 - Earnings Call Presentation
2024-03-13 14:01
// 2 // 3 Market leading Oil & Gas prescriptive chemistry solutions • Industry leading technology improving BOE uplift by +26% Company Overview NYSE maximize our customers' value Our Strategic Priorities Strong Balance Sheet Minimal debt and strengthened liquidity with ABL* facility // 6 • Revenue: $52.0 million • Revenues associated with external customers grew each quarter • Material weakness and going concern issues identified in connection with the 2022 audit are expected to be resolved // 7 $81.6 $120. ...
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
Prnewswire· 2024-03-12 20:02
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). Financial Summary (in thousands) Three months ended December 31, ...
Flotek(FTK) - 2023 Q4 - Annual Results
2024-03-11 16:00
Exhibit 99.1 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 | | | | Three months ended December 31, | | | | Twelve months ended December 31, | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2023 | | 2022 | 2023 | | | 2022 | | Total Revenues | $ | 42,188 | $ | 48,217 | $ | 188,058 | $ | 136,092 | | Gross Profit (Loss) | $ | 9,430 | $ | (2,074) | $ | 24,263 | $ | (6,700) | | ...
Flotek Strengthens Executive Leadership Team with the Addition of Amy Blakeway as Senior Vice President, General Counsel
Prnewswire· 2024-03-04 21:15
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. Blakeway brings unique expertise that will further strengthen the leadership team and help advance the Company's growth strategy to drive market share gains through its differentiated chemistry and data solutions. Ryan Ezell, ...
Flotek(FTK) - 2023 Q3 - Earnings Call Transcript
2023-11-08 18:55
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. [Operator Instructions] Please note that th ...