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Flotek Industries Inc (FTK.N)

FTK.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Flotek Industries Inc Q2 Adjusted Loss Per Share $0.34
Tuesday, 7 Aug 2018 05:00pm EDT 

Aug 7 (Reuters) - Flotek Industries Inc ::FLOTEK INDUSTRIES, INC. ANNOUNCES SECOND QUARTER 2018 RESULTS.FLOTEK INDUSTRIES INC QUARTERLY REVENUE OF $59.1 MILLION DECREASED 30.6%.FLOTEK INDUSTRIES INC QUARTERLY GAAP LOSS PER SHARE $1.30.FLOTEK INDUSTRIES INC QUARTERLY ADJUSTED LOSS PER SHARE $0.34.  Full Article

Flotek Industries Announces Fourth Quarter 2017 Results
Tuesday, 20 Feb 2018 05:11pm EST 

Feb 20 (Reuters) - Flotek Industries Inc ::FLOTEK INDUSTRIES, INC. ANNOUNCES FOURTH QUARTER 2017 RESULTS.FLOTEK INDUSTRIES INC - QTRLY GAAP LOSS PER SHARE FROM CONTINUING OPERATIONS OF $0.14.FLOTEK INDUSTRIES INC - QTRLY ADJUSTED EPS FROM CONTINUING OPERATIONS OF $0.00.FLOTEK INDUSTRIES INC - FOR THREE MONTHS ENDED DECEMBER 31, 2017, FLOTEK REPORTED REVENUE OF $72.5 MILLION, AN INCREASE OF $1.9 MILLION.FLOTEK INDUSTRIES INC - ANTICIPATE CAPITAL SPENDING TO BE IN $12 MILLION TO $16 MILLION RANGE FOR 2018.  Full Article

Flotek Industries Provides Q4 And Operational Update
Tuesday, 16 Jan 2018 07:00am EST 

Jan 16 (Reuters) - Flotek Industries Inc ::FLOTEK INDUSTRIES - PROVIDED UPDATE ON CO'S COST REDUCTION PROGRAM & GUIDANCE OF PROFITABILITY REGARDING ITS RESULTS FOR 3 MONTHS-ENDED DEC 31, 2017.FLOTEK INDUSTRIES INC - EXPECTS REVENUE IN ENERGY CHEMISTRY TECHNOLOGIES SEGMENT TO BE IN $54 MILLION - $56 MILLION RANGE FOR 3 MONTHS-ENDED DEC 31, 2017.FLOTEK INDUSTRIES - EXPECTS REVENUE IN CONSUMER & INDUSTRIAL CHEMISTRY TECHNOLOGIES SEGMENT TO BE IN $17 MILLION - $18 MILLION RANGE FOR 3 MONTHS-ENDED DEC 31, 2017.FLOTEK INDUSTRIES INC - "WE WILL CONTINUE TO IDENTIFY FURTHER AREAS OF COST CONTROLS IN COMING MONTHS".FLOTEK INDUSTRIES INC - EXPECT TO GENERATE POSITIVE OPERATING INCOME, EXCLUDING ANY POTENTIAL ONE-TIME CHARGES, IN QUARTER.FLOTEK INDUSTRIES INC - DO ANTICIPATE TAX CONSEQUENCE IN DEFERRED TAX ASSET AS A RESULT OF RECENT CHANGES TO U.S. CORPORATE TAX RATE TO 21 PERCENT.  Full Article

Flotek Industries reports qtrly ‍loss per share of $0.06​
Wednesday, 8 Nov 2017 07:30am EST 

Nov 8 (Reuters) - Flotek Industries Inc ::Qtrly ‍loss per share $0.06​.Quarterly revenue declined 6.7 percent sequentially to $79.5 million and increased 23.5 percent year-over-year​."Hurricane Irma has impacted our outlook for declining raw material pricing in near term, and into 2018"​.  Full Article

Flotek Industries says co, affiliates entered into 10th amendment to amended and restated revolving credit, term loan and security agreement​
Tuesday, 3 Oct 2017 04:17pm EDT 

Oct 3 (Reuters) - Flotek Industries Inc :Flotek Industries - ‍on Sept 29, co, affiliates entered into tenth amendment to amended and restated revolving credit, term loan and security agreement​.Flotek Industries Inc says pursuant to amendment, maximum loan amount increased to $75 million - SEC Filing.Flotek Industries Inc - ‍pursuant to amendment term of credit facility was extended two years to mature on may 10, 2022​.Flotek Industries Inc - ‍pursuant to amendment eligible inventory cap in revolving advances calculation increased from $45 million to $52 million​.Flotek Industries Inc - pursuant to amendment, availability block of $5 million, applied as a reduction of gross collateral value, was removed.  Full Article

Flotek Industries provides update on third quarter expectations
Monday, 25 Sep 2017 05:46pm EDT 

Sept 25 (Reuters) - Flotek Industries Inc :Flotek IndustrieS provides update on third quarter expectations.Flotek Industries inc - ‍estimates third-quarter revenues will be approximately $5.0 million less than previously expected​.Flotek Industries Inc - Florida citrus crops have suffered damages related to hurricane irma passing over primary domestic growing region.Flotek Industries Inc - ‍estimates third-quarter incremental costs will increase by less than $1.0 million as compared to previous expectations​.Flotek Industries Inc- at this time, early indications are that total crop losses of 40 to 50 percent have occurred.Flotek Industries Inc - Flotek expects damages from irma to delay raw material price reductions that were initially expected prior to storm.Flotek Industries Inc- shortages of certain raw materials supplied by third-party vendors further impacted client activity during q3.Flotek Industries - due to storms harvey, irma, some chemical suppliers to co declared force majeure which impacted client drilling, completion activity.Flotek Industries Inc - issues due to Harvey, Irma are expected primarily to impact the energy chemistry technologies segment.  Full Article

Flotek Industries provides storm related operational updates
Thursday, 7 Sep 2017 08:25am EDT 

Sept 7 (Reuters) - Flotek Industries Inc ::Flotek Industries Inc - ‍ direct facilities suffered minimal-to-no damage on its critical infrastructure from hurricane Harvey​.Flotek Industries Inc - some of company's employees were impacted; with about 10 percent of its Texas-based labor force having direct impact from storm.Flotek Industries Inc - ‍E&P operators continue to assess possible damages from storm​.Flotek Industries-if hurricane Irma continues its path to Florida, operations at Florida chemical subsidiary may temporarily close.  Full Article

Flotek Industries announces conclusion of SEC inquiry
Tuesday, 22 Aug 2017 05:23pm EDT 

Aug 22 (Reuters) - Flotek Industries Inc :Flotek Industries Inc announces conclusion of SEC inquiry.Flotek Industries-SEC ‍staff does not intend to recommend any enforcement action by SEC regarding Co's Fracmax software and efficacy of CNF​.  Full Article

Flotek Industries files for mixed shelf of upto $350 mln
Tuesday, 1 Aug 2017 05:54pm EDT 

Aug 1 (Reuters) - Flotek Industries Inc :Flotek Industries Inc files for mixed shelf of upto $350 million - SEC filing.  Full Article

Flotek Industries ‍adj EPS from continuing operations was $0.02/shr
Tuesday, 1 Aug 2017 05:00pm EDT 

Aug 1 (Reuters) - Flotek Industries Inc ::Flotek Industries Inc - qtrly ‍revenue expanded 7 pct sequentially to $85.2 million and up 33 pct year-over-year​.Flotek Industries Inc - qtrly ‍on a gaap basis, Flotek reported loss per share $0.02 from continuing operations​.Flotek Industries Inc - ‍adjusted eps from continuing operations was $0.02 for three months ended june 30, 2017​.Flotek Industries Inc - qtrly ‍diluted loss per common share $0.07​.Q2 earnings per share view $0.04, revenue view $88.9 million -- Thomson Reuters I/B/E/S.  Full Article