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Flotek Industries Inc (FTK.N)

FTK.N on New York Stock Exchange

10.24USD
26 May 2017
Change (% chg)

$0.00 (+0.00%)
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$10.24
Open
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Volume
88,883
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$16.91
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$8.87

Latest Key Developments (Source: Significant Developments)

Flotek Industries Q1 revenue from continuing operations $80 mln
Wednesday, 3 May 2017 04:47pm EDT 

May 3 (Reuters) - Flotek Industries Inc :Flotek Industries Inc says Q1 revenue from continuing operations was $80.0 million, up 13.2% sequentially, and up 25.3% year-over-year.Flotek Industries - on GAAP basis, co reported loss per share for three months ended March 31, 2017 of $0.01 from continuing operations.Flotek Industries Inc - expected capital expenditures for 2017 in the range of $10 million - $14 million.Q1 earnings per share view $-0.02, revenue view $79.4 million -- Thomson Reuters I/B/E/S.Flotek Industries - ongoing strategic alternatives remain substantial progress is being made towards divestiture of production technologies segment, which remains for sale.  Full Article

Flotek Industries announces agreement to divest drilling technologies segment
Tuesday, 2 May 2017 05:35pm EDT 

May 2 (Reuters) - Flotek Industries Inc :Flotek Industries, Inc. announces agreement to divest drilling technologies segment.Flotek Industries Inc - Deal for total consideration of $17.0 million.Flotek Industries - Agreement to divest its drilling technologies segment to National Oilwell Varco, L.P. for a total consideration of $17.0 million.Flotek Industries Inc - In-line with company's ongoing initiatives, proceeds from deal will go towards reducing outstanding debt on its balance sheet.  Full Article

Federal court dismisses lawsuit against Flotek
Tuesday, 4 Apr 2017 08:00am EDT 

Flotek Industries Inc : Federal court dismisses lawsuit against flotek . Flotek Industries - court has granted co's motion to dismiss securities class action that had been filed against co . Flotek Industries-plaintiffs alleged co intentionally manipulated third-party data to overstate efficacy of their patented complex nano-fluid chemistry products .Flotek Industries Inc - U.S. District judge concluded that plaintiffs failed to show any deliberate or fraudulent intent by flotek to manipulate data.  Full Article

Flotek Industries says Richard Walton appointed CFO
Friday, 17 Feb 2017 06:50am EST 

Flotek Industries Inc - :On Feb 13 Richard Walton was appointed as executive vice president and chief financial officer of Flotek - sec filing.  Full Article

Flotek Industries Inc reports EPS of $0.07 for three months ended Dec. 31
Wednesday, 8 Feb 2017 04:45pm EST 

Flotek Industries Inc : Flotek Industries Inc - for three months ended December 31, 2016, Flotek posted revenue of $70.6 million, an increase of $6.7 million .Flotek Industries Inc - on a GAAP basis, Flotek reported earnings per share (fully diluted) for three months ended December 31, 2016 of $0.07.  Full Article

Flotek Industries Provides interim update on Q4 operations
Tuesday, 20 Dec 2016 08:30am EST 

Flotek Industries Inc : Flotek Industries - expects total energy chemistry segment gross margins for Q4 to decline modestly, likely to 38-40% range, from Q3 level of 40.4% . Flotek Industries Inc - consumer and industrial chemistry segment revenues to decline by $2.5-$3.5 million in q4 when compared to Q3 results . Expects Q4 total energy chemistry segment revenues to increase by 10-15% when compared to q3, 2016 results .Flotek Industries, Inc provides interim update on fourth quarter operations.  Full Article

Flotek Industries files for resale of 2.7 million shares
Thursday, 11 Aug 2016 06:00pm EDT 

Flotek Industries Inc :Flotek Industries Inc files for resale of 2.7 mln shares of co's common stock that may be offered and sold by selling stockholders - SEC FILING.  Full Article

Flotek Industries says it has sold $30.7 million in equity financing
Monday, 8 Aug 2016 12:00pm EDT 

Flotek Industries Inc : Says it has sold $30.7 million in equity financing - SEC Filing Source - http://bit.ly/2aVSLnE Further company coverage: [FTK.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Flotek Industries to acquire International Polymerics Inc
Wednesday, 27 Jul 2016 07:12am EDT 

Flotek Industries Inc : Flotek announces acquisition of International Polymerics Inc, adding to speciality chemistry business and enabling further prescriptive chemistry management™ opportunities . Flotek will pay about $7.9 million in cash and issue about 248,000 shares of common stock as consideration . Included in assets will be about $1.2 million in working capital . Donald Bramblett will remain president of IPI . Acquisition will be treated as an asset purchase for income taxation purposes . Deal for consideration consisting of cash and Flotek common stock .Deal scheduled to close coincident with execution of stock purchase agreement, will become part of company's energy chemistry reporting segment.  Full Article

Flotek industries Q2 revenue $72.3 mln
Tuesday, 26 Jul 2016 04:46pm EDT 

Flotek Industries Inc : Revenue for Q2 2016 was $72.3 million, slightly higher than Q1 . Q2 earnings per share view $-0.10, revenue view $65.0 million -- Thomson Reuters I/B/E/S .For quarter ended June 30, 2016, company reported a net loss of $2.3 million or $0.04 per common share.  Full Article

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BRIEF-Flotek Industries announces agreement to divest drilling technologies segment

* Flotek Industries, Inc. announces agreement to divest drilling technologies segment