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Last $20.30 USD
Change Today +0.10 / 0.50%
Volume 2.3M
FTK On Other Exchanges
Symbol
Exchange
New York
As of 6:40 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

flotek industries inc (FTK) Snapshot

Open
$20.25
Previous Close
$20.20
Day High
$21.72
Day Low
$20.10
52 Week High
09/26/14 - $27.60
52 Week Low
05/12/15 - $11.03
Market Cap
1.1B
Average Volume 10 Days
1.6M
EPS TTM
$0.54
Shares Outstanding
53.6M
EX-Date
--
P/E TM
37.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FLOTEK INDUSTRIES INC (FTK)

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flotek industries inc (FTK) Details

Flotek Industries Inc. provides oilfield services and equipment to the energy and mining industries in the U.S. and internationally. It has three segments: Chemicals & Logistics, Drilling Products, and Artificial Lift. The first develops, manufactures, and markets specialty chemicals used by oilfield service companies in oil and gas well cementing, stimulation, drilling, and production. The segment also designs and manages automated bulk material handling, loading facilities, and blending capabilities for oilfield service companies. The Drilling segment rents, inspects, manufactures, and markets down-hole drilling equipment for the oilfield, mining, water-well, and industrial drilling sectors. The Artificial Lift segment manufactures and markets artificial lift equipment, which includes the Petrovalve line of beam pump components, electric submersible pumps, gas separators, valves, and services to support coal bed methane, traditional gas, and heavy crude production. Flotek is headquartered in Houston and was founded in 1985.

561 Employees
Last Reported Date: 01/27/15

flotek industries inc (FTK) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.3M
Executive Vice President of Operations
Total Annual Compensation: $869.0K
Executive Vice President of Chemistry Researc...
Total Annual Compensation: $938.1K
Chief Financial Officer Emeritus
Total Annual Compensation: $724.6K
Compensation as of Fiscal Year 2014.

flotek industries inc (FTK) Key Developments

Flotek Industries Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Impairment Charge for the Second Quarter of 2015

Flotek Industries Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's revenue was $87,030,000 compared to $105,318,000 a year ago. Revenue increased 5.6% sequentially but decreased 17.4% when compared to the same period in 2014. The decrease in year-over-year revenue was driven by the steep decline in oilfield activity; however, the increase in sequential Revenues were driven almost entirely by increased sales of Flotek's Complex nano-Fluid completion chemistries as the company's marketing campaign and new direct distribution model provided significant revenue opportunities during the quarter. Loss from operations was $18,608,000 compared to profit from operations of $17,675,000 a year ago. Loss before income taxes was $19,030,000 compared to profit before income taxes of $17,022,000 a year ago. Net loss was $12,547,000 compared to net profit of $11,041,000 a year ago. Diluted loss per common share was $0.23 compared to earnings per share of $0.20 a year ago. Adjusted EBITDA (Non-GAAP) was $6,372,000 compared to $21,998,000 a year ago. Income before taxes (excluding impairment) was $1,342,000 compared to loss before taxes of $579,000 a year ago. Net income (excluding impairment) was $1,087,000 compared to loss of $428,000 a year ago. Diluted earnings per common share (excluding impairment) were $0.02 compared to loss per share of $0.01 a year ago. Income from operations excluding the impairment decreased by $1.2 million for the three months ended June 30, 2015 compared to the same period in 2014. This decrease is primarily due to product mix and increases in SG&A costs attributable to employee-related expenses as the segment continues to refocus and reposition for growth. For the six months, the company's revenue was $169,904,000 compared to $207,893,000 a year ago. Loss from operations was $19,986,000 compared to profit from operations of $36,473,000 a year ago. Loss before income taxes was $20,951,000 compared to profit before income taxes of $35,419,000 a year ago. Net loss was $14,062,000 compared to net profit of $23,058,000 a year ago. Diluted loss per common share was $0.26 compared to earnings per diluted share of $0.42 a year ago. Net cash provided by operating activities was $11,460,000 compared to $18,440,000 a year ago. Capital expenditures was $8,963,000 compared to $9,245,000 a year ago. Purchase of patents and other intangible assets was $292,000 compared to $595,000 a year ago. Adjusted EBITDA (non-GAAP) was $9,430,000 compared to $45,069,000 a year ago. Income from operations excluding the impairment decreased by $1.7 million for the six months ended June 30, 2015 compared to the same period in 2014. This decrease is primarily due to product mix and increases in SG&A costs attributable to employee-related expenses as the segment continues to refocus and reposition for growth. During the second quarter, as a result of decreased rig activity and Flotek's expectations for future market activity, the company refocused its Drilling Technologies segment to concentrate on products and markets that leadership believes have the best opportunity for profitable growth in the future. As a result, the company recorded a impairment of inventory and rental equipment of $20.372 million in the second quarter of 2015.

Flotek Industries Inc. to Report Q2, 2015 Results on Jul 22, 2015

Flotek Industries Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 22, 2015

Flotek Industries Inc., Q2 2015 Earnings Call, Jul 23, 2015

Flotek Industries Inc., Q2 2015 Earnings Call, Jul 23, 2015

 

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FTK

Industry Average

Valuation FTK Industry Range
Price/Earnings 67.4x
Price/Sales 2.7x
Price/Book 3.7x
Price/Cash Flow 40.2x
TEV/Sales 2.5x
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