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Flotek Industries Inc (FTK.N)

FTK.N on New York Stock Exchange

4.76USD
12 Dec 2017
Change (% chg)

$-0.08 (-1.65%)
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$4.84
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Volume
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$14.51
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Flotek Industries reports qtrly ‍loss per share of $0.06​

* Quarterly revenue declined 6.7 percent sequentially to $79.5 million and increased 23.5 percent year-over-year​