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Flotek Industries Inc - FTK STOCK NEWS

Welcome to our dedicated news page for Flotek Industries (Ticker: FTK), a resource for investors and traders seeking the latest updates and insights on Flotek Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Flotek Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Flotek Industries's position in the market.

Rhea-AI Summary
Flotek Industries, Inc. (FTK) announced its schedule for releasing fourth quarter and year-end 2023 financial results, with the press release set for March 12, 2024, and the earnings conference call on March 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
earnings
-
Rhea-AI Summary
Flotek Industries, Inc. (FTK) announced their participation in the 36th Annual Roth Conference, with CEO Ryan Ezell and CFO Bond Clement engaging in panel discussions and one-on-one meetings with investors. An updated corporate presentation will be available on the company's website before the event.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
-
Rhea-AI Summary
Flotek Industries, Inc. (NYSE: FTK) reports significant improvement in profitability metrics, with net income of $1.3 million and positive adjusted EBITDA of $3.4 million for the third quarter of 2023. Total revenues for the quarter were $47.3 million, showing a 4% increase from the same period in 2022. The company also updated its full year 2023 guidance, expecting an increase in adjusted gross profit margin and total revenues of $185 million to $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.27%
Tags
earnings
Rhea-AI Summary
Flotek Industries, Inc. announces schedule for releasing its third quarter results. The financial and operating results will be released on November 7, 2023, with an earnings conference call scheduled for November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
earnings
-
Rhea-AI Summary
Flotek Industries appoints Tom Redlinger as Vice President of Data Analytics, strengthening executive leadership team and bringing energy industry expertise. Redlinger's collaborative approach and global experience will drive strategic transformation of Flotek. Significant financial and market share improvements achieved in past months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.35%
Tags
management
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Rhea-AI Summary
Flotek Industries expects positive adjusted EBITDA for Q3 2023, showing improvement in financial results. Revenues and gross profit increased by $56 million and $9 million respectively in H1 2023 compared to H1 2022. Board of Directors approved 1-for-6 reverse stock split. No effect on par value or authorized shares. Reverse stock split expected to regain compliance with NYSE listing standards.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.47%
Tags
none
Rhea-AI Summary
Flotek to discuss market prospects and revenue growth opportunities in fireside chat with Water Tower Research
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
conferences
-
Rhea-AI Summary
Flotek Industries, Inc. has announced three internal executive appointments to solidify the Company's leadership team. Nathan Snoke is promoted to Senior Vice President - Global Business Lines, Shane Wise to Senior Vice President - Operations, and Andrea Berry to Vice President of People Operations. The promotions aim to strengthen the platform for continued growth and profitability. The executives bring over 60 years of experience and diverse backgrounds to the team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
management
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Rhea-AI Summary
Flotek Industries, Inc. has entered into a revolving loan and security agreement with Amerisource Funding, Inc. The agreement provides for a 24-month term with up to $10 million of initial credit availability. The credit availability is expected to be increased by the lesser of 50% of the appraised value of the real estate and $5 million. The loan bears interest at the Wall Street Journal Prime Rate plus 2.5% per annum and will be used for working capital and other general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.25%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
earnings
Flotek Industries Inc

NYSE:FTK

FTK Rankings

FTK Stock Data

94.03M
28.15M
39.64%
14.04%
1.61%
Oil and Gas Field Machinery and Equipment Manufacturing
Manufacturing
Link
US
Houston

About FTK

chemical & logistics division develops, manufactures and sells specialty chemicals used in oil and gas well stimulation, cementing and blending. drilling products division designs, manufactures, repairs, markets and installs downhole drilling tools utilized in oilfield, mining, and water industries. artificial lift division provides pumping system components including electric submersible pumps or esps, gas separators, production valves.