Latest Flotek Industries Inc. Stories
HOUSTON, Aug. 13 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK) today reported expanded results for the second quarter and first six months of 2009. Highlights comparing Q2 2009 to Q2 2008 and first six months of 2009 to 2008 include: Revenue decrease 58.6% and 37.8%, respectively.124.1% and 98.1% decrease in Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA", a non-GAAP financial measure), excluding the effect of the goodwill impairmentLoss from...
HOUSTON, Aug. 11 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK) today announced that Jerry Dumas, Chairman, President and Chief Executive Officer, has announced his plans to retire from Flotek in 2010. John Chisholm, currently a director of Flotek, has been appointed to serve as interim President while the company conducts the search for a new CEO. "The recently announced equity raise and amendment to our bank credit agreement put Flotek on solid financial ground going...
HOUSTON, Aug. 11 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK) today announced that it has entered into definitive purchase agreements with accredited investors with respect to the private placement of convertible preferred stock and warrants to purchase shares of common stock, for gross proceeds of approximately $16 million. In addition, Flotek announced that it has entered into an amendment to its bank credit facility to waive covenant violations and relax future...
HOUSTON, Aug. 11 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, today reported results for the second quarter of 2009. Total revenue for the second quarter of 2009 was $23.5 million, a decrease of $33.3 million or 58.6%, compared to revenues of $56.8 million for the second quarter of 2008. The decline in revenues was principally due to the continued curtailment of activity in the oil and gas...
HOUSTON, June 8 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, announced today that the New York Stock Exchange (NYSE) has received approval from the Securities and Exchange Commission (SEC) for a pilot program that would lower the numeric thresholds for continued listing criterion to require a 30 day market capitalization of not less than $50 million and total stockholder's equity of not less...
HOUSTON, May 7 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, appointed Scott D. Stanton as the company's Vice President of Finance and Chief Accounting Officer on May 6, 2009. Mr. Stanton is a Certified Public Accountant. Prior to joining Flotek, from 2006 to 2008, Mr. Stanton was Vice President, Finance and Assistant Controller of Office Depot, Inc. Prior to 2006, Mr. Stanton served in...
HOUSTON, May 1 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK) will hold a conference call to discuss first quarter results on Thursday, May 7, 2009, at 9:00 AM CDT. Flotek plans to release its first quarter results prior to the market opening on Thursday, May 7, 2009. Date & Time: Thursday, May 7, 2009 9:00 AM CDT (10:00 AM EDT) Dial-In Number: 800-860-2442 (U.S. & Canada)...
HOUSTON, March 27 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, announced today that the Company has been notified by New York Stock Exchange Regulations, Inc. that it is not currently in compliance with one of the continued listing standards of the New York Stock Exchange (the "NYSE"). Flotek is considered below one listing criteria established by the NYSE because the Company's total market...
HOUSTON, March 20 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, announced today that it will be participating in the 37th Annual Howard Weil Energy Conference in New Orleans. Chief Operating Officer Steve Reeves and Chief Financial Officer Jesse "Jempy" Neyman will be speaking to investors on Tuesday, March 24 and Wednesday, March 25, 2009. For your convenience, a copy of the...
HOUSTON, March 16 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK) announces the following Webcast: What: Flotek Industries Q4 and Full Year 2008 Earnings Conference Call When: March 16th, 2009 @ 9:00am CDT Where: http://www.videonewswire.com/event.asp?id=56761 How: Live over the Internet -- Simply log on to the web at the address above. If you are unable to participate during the live webcast, the...
