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Flotek Industries Inc (FTK) |
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Flotek Industries Inc's Suppliers Performance
FTK's Supply Chain
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| FTK Costs vs Sales of Suppliers Growth |
Revenues of Flotek Industries Inc's Suppliers, deteriorated by -17.86 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.37 %, Flotek Industries Inc's cost of sales deteriorated by -19.94 % year on year, relative to one quarter ago cost of sales fell by -18.61 % in Q3.
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Flotek Industries Inc's Suppliers realized a deteriorated in sales by -17.86 % compared to the same quarter a year ago, from the previous quarter, sales fell by -5.37 %, Flotek Industries Inc's cost of sales deteriorated by -19.94 % year on year, compare to one quarter ago cost of sales fell by -18.61 % in Q3.
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News about Flotek Industries Inc Contracts |
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.
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FTK's Suppliers Net profit fell by |
FTK's Suppliers Net margin fell in Q3 to |
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-25.16 % |
8.55 % |
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 |
100.96 |
193.87 |
3.58 |
363 |
| Agilent Technologies inc |
37,993.05 |
6,994.00 |
1,133.00 |
18,100 |
| Alico Inc |
216,362.25 |
40.20 |
-20.72 |
333 |
| Mission Produce Inc |
636.53 |
934.00 |
-50.90 |
2,800 |
| Calavo Growers Inc |
409.62 |
973.49 |
-3.53 |
2,096 |
| Fresh Del Monte Produce Inc |
1,120.64 |
4,352.10 |
124.20 |
47,000 |
| Fluor Corporation |
5,488.89 |
12,618.35 |
-327.09 |
37,508 |
| Limoneira Company |
322.46 |
178.13 |
9.89 |
276 |
| Model N Inc |
900.27 |
249.25 |
-33.92 |
864 |
| Trecora Resources |
231.52 |
301.32 |
8.99 |
310 |
| Westlake Corporation |
17,046.37 |
13,021.00 |
1,257.00 |
8,870 |
| Westlake Chemical Partners Lp |
808.78 |
1,260.36 |
338.83 |
141 |
| SUBTOTAL |
281,320.37 |
40,922.19 |
2,435.75 |
118,298 |
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10.05 %