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Flotek Industries Inc  (FTK)
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Flotek Industries Inc's Suppliers Performance

FTK's Supply Chain

 
FTK Costs vs Sales of Suppliers Growth Flotek Industries Inc's Suppliers recorded increase in sales by 28.52 % year on year in Q1 2022, sequentially sales grew by 6.79 %, Flotek Industries Inc's cost of sales deteriorated by % year on year, sequentially cost of sales grew by 53.84 % in Q1.

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Flotek Industries Inc's Suppliers recorded increase in sales by 28.52 % year on year in Q1 2022, sequentially sales grew by 6.79 %, Flotek Industries Inc's cost of sales deteriorated by -3.21 % year on year, sequentially cost of sales grew by 53.84 % in Q1.

More on FTK Suppliers




Flotek Industries Inc's Comment on Supply Chain


Materials and components used in the Company’s servicing and manufacturing operations, as well as those purchased for sale, are generally available on the open market from multiple sources. Collection and transportation of raw materials to Company facilities, however, could be adversely affected by extreme weather conditions. Additionally, certain raw materials used by the chemistries segments are available from limited sources. Disruptions to suppliers could materially impact sales. The prices paid for raw materials vary based on energy, steel, citrus, guar, and other commodity price fluctuations, tariffs, duties on imported materials, foreign currency exchange rates, business cycle position, and global demand. Higher prices for chemistries, steel, citrus, guar, and other raw materials could adversely impact future sales and contract fulfillments.
The Company is diligent in its efforts to identify alternate suppliers, in its contingency planning for potential supply shortages and in its proactive efforts to reduce costs through competitive bidding practices. When able, the Company uses multiple suppliers, both domestically and internationally, to purchase raw materials on the open market.
Citrus greening disease has adversely affected the availability of citrus crops around the world, thereby negatively impacting the supply and increasing the price of citrus terpenes. The Company’s market position, inventory, and forward purchases helps ensure availability for its patented CnF® technologies, as well as its existing customer base within CICT. As mentioned previously, the Company has also developed new CnF® formulations utilizing alternative solvents. These new formulations not only diversify the Company’s dependence on citrus terpenes, but they also provide certain performance benefits necessary for specific customer and reservoir challenges.

Flotek Industries Inc's Comment on Supply Chain


Materials and components used in the Company’s servicing and manufacturing operations, as well as those purchased for sale, are generally available on the open market from multiple sources. Collection and transportation of raw materials to Company facilities, however, could be adversely affected by extreme weather conditions. Additionally, certain raw materials used by the chemistries segments are available from limited sources. Disruptions to suppliers could materially impact sales. The prices paid for raw materials vary based on energy, steel, citrus, guar, and other commodity price fluctuations, tariffs, duties on imported materials, foreign currency exchange rates, business cycle position, and global demand. Higher prices for chemistries, steel, citrus, guar, and other raw materials could adversely impact future sales and contract fulfillments.
The Company is diligent in its efforts to identify alternate suppliers, in its contingency planning for potential supply shortages and in its proactive efforts to reduce costs through competitive bidding practices. When able, the Company uses multiple suppliers, both domestically and internationally, to purchase raw materials on the open market.
Citrus greening disease has adversely affected the availability of citrus crops around the world, thereby negatively impacting the supply and increasing the price of citrus terpenes. The Company’s market position, inventory, and forward purchases helps ensure availability for its patented CnF® technologies, as well as its existing customer base within CICT. As mentioned previously, the Company has also developed new CnF® formulations utilizing alternative solvents. These new formulations not only diversify the Company’s dependence on citrus terpenes, but they also provide certain performance benefits necessary for specific customer and reservoir challenges.


FTK's Suppliers Net Income grew by FTK's Suppliers Net margin grew in Q1 to
126.07 % 10.83 %


Flotek Industries Inc's Suppliers Sales Growth in Q1 2022 by Industry

Suppliers in Chemical Manufacturing Industry      68.31 %
Suppliers in Aerospace & Defense Industry      6.24 %
Suppliers in Agricultural Production Industry      25.69 %
Suppliers in Oil & Gas Integrated Operations Industry      52.45 %
Suppliers in Laboratory Analytical Instruments Industry      5.38 %
Suppliers in Internet Services & Social Media Industry      10.56 %
     
• FTK Suppliers Valuation • FTK Segment Rev. Growth • FTK Segment Inc. Growth • FTK Suppliers Mgmt. Effect.





FTK's vs. Suppliers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Flotek Industries Inc 90.85 44.38 -32.95 363
Agilent Technologies inc. 40,216.61 6,527.00 1,263.00 16,342
Alico Inc. 245.96 94.92 32.35 333
Mission Produce Inc. 1,205.60 978.50 24.30 2,800
Calavo Growers Inc 729.70 1,163.94 -30.39 2,096
Fresh Del Monte Produce Inc 1,405.01 4,370.90 36.60 47,000
Fluor Corporation 3,248.30 12,618.35 -327.09 37,508
Limoneira Company 231.67 168.64 -6.53 276
Model N Inc 981.39 207.34 -28.20 864
Royal Hawaiian Orchards, L.p. 86,961.54 29.13 4.55 262
Trecora Resources 231.52 301.32 8.99 310
Westlake Corporation 12,205.92 15,101.00 2,918.00 8,870
Westlake Chemical Partners Lp 884.50 1,525.87 398.18 141
SUBTOTAL 148,547.71 43,086.91 4,293.76 116,802
       
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