Last $21.71 USD
Change Today -0.24 / -1.09%
Volume 547.4K
FTK On Other Exchanges
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Exchange
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As of 4:15 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

flotek industries inc (FTK) Snapshot

Open
$21.95
Previous Close
$21.95
Day High
$22.24
Day Low
$21.50
52 Week High
06/24/14 - $32.92
52 Week Low
01/10/14 - $18.51
Market Cap
1.2B
Average Volume 10 Days
765.8K
EPS TTM
$0.86
Shares Outstanding
53.9M
EX-Date
--
P/E TM
25.1x
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.

487 Employees
Last Reported Date: 02/10/14

flotek industries inc (FTK) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $498.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $398.4K
Executive Vice President of Operations
Total Annual Compensation: $587.3K
Executive Vice President of Chemistry Researc...
Total Annual Compensation: $552.2K
Consultant
Total Annual Compensation: $565.5K
Compensation as of Fiscal Year 2013.

flotek industries inc (FTK) Key Developments

Flotek Industries Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 08:00 AM

Flotek Industries Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 08:00 AM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: John W. Chisholm, Chairman, Chief Executive Officer and President.

Flotek Industries Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Flotek Industries Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Flotek reported that revenue for the three months ended September 30, 2014 was $116.8 million compared to $98.4 million for the three months ended September 30, 2013. Consolidated revenue for the three months ended September 30, 2014 increased $18.4 million, or 18.7%, relative to the comparable period of 2013. The increase in revenue for the three months ended September 30, 2014 compared to the same period of 2013 was primarily due to increased sales in its Energy Chemical Technologies segment. For the three months ended September 30, 2014, the company reported net income of $14.3 million, or $0.26 per common share (fully diluted), compared to net income of $9.0 million, or $0.16 per common share (fully diluted) for the same period in 2013. Net income benefited by approximately $0.9 million related to the tax treatment of certain deferred tax liabilities and other benefits related to the 2013 acquisition of Florida Chemical. Earnings before interest, taxes, depreciation and amortization, or EBITDA (a non-GAAP measure of financial performance), for the three months ended September 30, 2014 was $25.2 million, an increase of $6.0 million or 31.3%, compared to $19.2 million for the three months ended September 30, 2013. Cash from operations in the third quarter was $21.5 million. Income from operations was $20.847 million against $15.087 million a year ago. Income before income taxes was $20.336 million against $14.616 million a year ago. For the first nine months of 2014, Flotek generated cash from operations of approximately $39.9 million, or about $1 million per week. That compares to just $39.5 million of cash from operations for the full year in 2013. Revenues were $324.653 million against $270.217 million a year ago. Income from operations was $57.320 million against $41.166 million a year ago. Income before income taxes was $55.755 million against $39.788 million a year ago. Net income was $37.330 million or $0.67 diluted per share against $25.173 million or $0.47 diluted per share a year ago. Net cash provided by operating activities was $39.897 million against $21.360 million a year ago. Capital expenditures were $13.494 million against $9.985 million a year ago. Payments for acquisitions, net of cash acquired were $5.704 million against $53.396 million a year ago. Overall activity continued to accelerate into the early weeks of October, providing a positive start to the fourth quarter. Continued chemistry market growth, a result of the introduction of FracMax and new client and basin opportunities, as well as continued strength in drilling technologies have provided a solid start to the final quarter of 2014. The company expects effective tax rate to return to more traditional levels in the fourth quarter of 2014.

Flotek Industries Inc. to Report Q3, 2014 Results on Oct 22, 2014

Flotek Industries Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 22, 2014

 

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FTK

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Valuation FTK Industry Range
Price/Earnings 25.2x
Price/Sales 2.8x
Price/Book 4.0x
Price/Cash Flow 20.6x
TEV/Sales 2.7x
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