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Flotek Industries Inc  (FTK)
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Price: $4.9200 $0.19 4.017%
Day's High: $4.95 Week Perf: 3.36 %
Day's Low: $ 4.64 30 Day Perf: 8.13 %
Volume (M): 74 52 Wk High: $ 5.70
Volume (M$): $ 364 52 Wk Avg: $3.96
Open: $4.75 52 Wk Low: $2.64



 Market Capitalization (Millions $) 149
 Shares Outstanding (Millions) 30
 Employees 363
 Revenues (TTM) (Millions $) 179
 Net Income (TTM) (Millions $) 5
 Cash Flow (TTM) (Millions $) -7
 Capital Exp. (TTM) (Millions $) 0

Flotek Industries Inc

Flotek Industries, Inc. is a global, diversified, technology-driven company that develops and supplies chemistry and services to the oil and gas industries, and high value compounds to companies that make cleaning products, cosmetics, food and beverages, and other products that are sold in consumer and industrial markets.

The Company was originally incorporated in the Province of British Columbia on May 17, 1985. In October 2001, the Company moved the corporate domicile to Delaware and effected a 120 to 1 reverse stock split by way of a reverse merger with CESI Chemical, Inc. (“CESI”). Since then, the Company has grown through a series of acquisitions and organic growth.

The Energy Chemistry Technologies (“ECT”) segment designs, develops, manufactures, packages, and markets chemistries for use in oil and gas (“O&G”) well drilling, cementing, completion, and stimulation activities designed to maximize recovery in both new and mature fields. These specialty chemistries possess enhanced performance characteristics and are manufactured to withstand a broad range of downhole pressures, temperatures and other well-specific conditions to be compliant with customer specifications. This segment has technical services laboratories and a research and innovation laboratory that focus on design improvements, development and viability testing of new chemistry formulations, and continued enhancement of existing products. Chemistries branded Complex nano-Fluid® technologies (“CnF® products”) are patented both domestically and internationally and are proven strategically cost-effective performance additives within both oil and natural gas markets. The CnF® product mixtures are environmentally friendly, stable mixtures of plant derived oils, water, and surface active agents which organize molecules into nano structures. The combined advantage of solvents, surface active agents and water, and the resultant nano structures, improve well treatment results as compared to the independent use of solvents and surface active agents. CnF® products are composed of renewable, plant derived, cleaning ingredients and oils that are certified as biodegradable. CnF® chemistries help achieve improved operational and financial results for the Company’s customers in low permeability sand and shale reservoirs.

The Consumer and Industrial Chemistry Technologies (“CICT”) segment sources citrus oil domestically and internationally and is one of the largest processors of citrus oils in the world. Products produced from processed citrus oil include (1) high value compounds used as additives by companies in the flavors and fragrances markets and (2) environmentally friendly chemistries for use in the oil & gas industry and numerous other industries around the world. The CICT segment designs, develops, and manufactures products that are sold to companies in the flavor and fragrance industries and specialty chemical industry. These technologies are used within food and beverage, fragrance, and household and industrial cleaning products industries.

The Company’s continuing operations include two strategic business segments: Energy Chemistry Technologies and Consumer and Industrial Chemistry Technologies. The Drilling Technologies and Production Technologies segments are classified as discontinued operations.
The Company offers competitive products and services derived from technological advances, some of which are patented, that are responsive to industry demands in both domestic and international markets. Flotek operates and/or distributes its products in over 20 domestic and international markets.



   Company Address: 5775 N. Sam Houston Parkway W., Suite 400, Houston, 77086 TX
   Company Phone Number: 849-9911   Stock Exchange / Ticker: NYSE FTK
   


Customers Net Income grew by FTK's Customers Net Profit Margin grew to

66.32 %

10.38 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CE   -2.79%    
FMC   -3.73%    
FUL   -3.97%    
HUN        1.14% 
LYB   -1.17%    
NEU        1.23% 
• View Complete Report
   



Flotek Industries Inc

2. The rollercoaster ride of Flotek Industries Inc's financial performance in Q1 2024

Flotek Industries Inc has shown a mixed bag of financial results in the fiscal first quarter of 2024, with profitability turning positive at $0.05 per share compared to a loss of $0.12 per share a year prior. While this is a positive development, the company's revenue receded by -17.052% to $39.82 million from $48.01 million in the comparable period a year prior.
Net profits also fell significantly by -92.68% to $1.562 million in the fiscal first quarter of 2024, compared to $21.343 million in the corresponding period a year before. Operating earnings decreased by -88.61% to $2.108 million, leading to a decrease in the operating margin to 5.29% from 38.56% in the first quarter of 2023.

Flotek Industries Inc

Flotek Industries Inc Faces Stock Price Decline, Hits 52-Week Low

Flotek Industries Inc, a leading supplier of innovative solutions in the energy industry, has recently witnessed a decline in its stock price. Over the course of the last month, the stock has declined by -6.78%, bringing the share price down by -16.16% in the past 90 days.
This decline in stock price is significant as it has pushed Flotek Industries Inc to its 52-week low. The company's financial results for the fourth quarter and full-year ended December 31, 2023, indicate that there has been improvement in profitability metrics.
In addition to these financial results, Flotek Industries Inc has made a significant addition to its executive leadership team. Amy Blakeway has been appointed as the Senior Vice President and General Counsel, effective from March 1, 2024. With her extensive legal experience in the energy sector, Blakeway brings valuable knowledge and expertise to the company.
As the Senior Vice President and General Counsel, Blakeway will be responsible for overseeing the company's legal affairs and advising on legal and regulatory matters. Her strategic mindset and strong leadership skills are expected to contribute to the company's growth in the future.

Personnel Announcements

Flotek Industries Strengthens Legal Leadership with Appointment of Amy Blakeway as Senior Vice President, General Counsel

Published Mon, Mar 4 2024 9:15 PM UTC

Flotek Industries, a leading supplier of innovative solutions in the energy industry, has recently made a significant addition to its executive leadership team. The company announced the appointment of Amy Blakeway as Senior Vice President and General Counsel, effective March 1, 2024. With over a decade of legal experience in the energy sector, Ms. Blakeway brings a wealth o...

Flotek Industries Inc

FTK Reports Impressive 3.121% Revenue Surge in Q3 of 2023

Flotek Industries Inc, a chemical manufacturing company, has reported positive financial results for the fiscal period ending September 30, 2023. The company's earnings per share (EPS) have improved significantly, with a reported EPS of $0.04 per share compared to a loss of $-1.50 per share in the previous year. Additionally, the income per share has turned positive from a loss of $-0.12 per share in the prior reporting period.
Despite facing challenges in the chemical manufacturing industry, Flotek Industries has managed to buck the trend by posting top-line advancement. The company's revenue increased moderately by 3.121% to $47.05 million from $45.62 million in the similar reporting period a year ago. However, revenue deteriorated by -7.011% sequentially from $50.59 million.

Flotek Industries Inc

Flotek Industries Inc Reports $-0.02 per Share Shortfall in Q2 2023, But Shows Impressive Revenue Growth

/>The second quarter of 2023 has presented interesting developments for Flotek Industries Inc, a company operating in the Chemical Manufacturing sector. While its peers have experienced business reduction, Flotek stands out as it reports significant revenue improvement and a reduction in net proceeds. Let's delve into the details and explore the implications for the stock market.
Revenue Growth:
For the second quarter of 2023, Flotek Industries Inc's revenue grew substantially by 72.247%, reaching $50.59 million. This impressive growth is in stark contrast to the virtually unanimous business reduction experienced by other companies in the Chemical Manufacturing sector. Comparatively, in the same reporting period a year before, Flotek's revenue stood at $29.37 million, indicating a notable climb. Moreover, the sequential growth of 5.389% from the prior quarter's revenue of $48.01 million further highlights Flotek's positive trajectory.






 

Flotek Industries Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Flotek Industries Inc does not provide revenue guidance.

Earnings Outlook
Flotek Industries Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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