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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.

News
Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Flotek Industries, Inc. (FTK) announced its schedule for releasing first quarter 2024 financial results, set for May 7, 2024. The earnings conference call will be held on May 8, 2024, at 9:00 a.m. CST.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
Tags
earnings
-
News
Flotek Reports Fourth Quarter and Full-Year 2023 Results Highlighted by Growth in All Profitability Metrics Including a $31 Million Improvement in Annual Gross Profit
Rhea-AI Summary
Flotek Industries, Inc. (NYSE: FTK) reported positive financial results for Q4 and full-year 2023, with significant improvements in profitability metrics. The company achieved its first positive adjusted EBITDA since 2017, showing a year-over-year improvement in net income, gross profit, and adjusted gross profit. Full-year highlights include a $67.0 million increase in net income, year-over-year improvements in gross profit, adjusted gross profit, and adjusted EBITDA, a 38% revenue increase compared to 2022, and strong growth in the data analytics segment. Flotek also strengthened liquidity through an up to $13.8 million Asset Based Loan and made key leadership appointments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.89%
Tags
earnings
-
News
Flotek Strengthens Executive Leadership Team with the Addition of Amy Blakeway as Senior Vice President, General Counsel
Rhea-AI Summary
Flotek Industries, Inc. appoints Amy Blakeway as Senior Vice President, General Counsel, bringing over a decade of legal experience in the energy sector to strengthen the leadership team. The move aims to drive market share gains through differentiated chemistry and data solutions, supporting the Company's growth strategy. CEO Ryan Ezell welcomes Amy's expertise, highlighting her leadership qualities and deep industry understanding.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.34%
Tags
management
News
Flotek Announces Timing of Fourth Quarter and Year-End 2023 Earnings Release and Conference Call
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
-
News
Flotek Announces Participation in the 36th Annual Roth Conference
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
-
News
Flotek Reports Third Quarter 2023 Financial Results Driven by Strong Growth in Net Income and First Positive Adjusted EBITDA Quarter Since 2018
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
News
Flotek Announces Timing of Release of Third Quarter 2023 Earnings Results and Conference Call
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
-
News
Flotek Bolsters Executive Leadership Team to Drive Innovation and Growth in Data Analytics Segment
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
-
News
Flotek Projects Achieving Financial Milestone in Third Quarter and Announces 1-for-6 Reverse Stock Split
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
News
Flotek to Participate in Water Tower Research Fireside Chat
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
Stock FTK logo
Flotek Industries Inc

NYSE:FTK

FTK Rankings

#4250 Ranked by Market Cap
#4303 Ranked by Stock Gains
N/A Ranked by Dividends

FTK Stock Data

106.79M
28.29M
39.6%
14.25%
1.43%
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.