FLOTEK INDUSTRIES INC/CN/ reported the quarter ended March 31, 2026 results: revenue $70,051, net income $4,664, EPS $0.12 per diluted share. Guidance initiated.
“financial metrics compared to the prior-year quarter is as follows ( in thousands, except ‘per share’ amounts ): Three Months Ended March 31, 2026 2025 % Change Total Revenues $ 70,051 $ 55,362 27% Gross Profit $ 15,541 $ 12,449 25% Net Income $ 4,664 $ 5,380 (13)% Diluted Income Per Share $ 0.12 $ 0.17 (29)% Adjusted EBITDA (1) $ 9,093 $ 6,298 44% First Quarter”
David Nierenberg resigned as Director at FLOTEK INDUSTRIES INC/CN/.
“On May 24, 2024, David Nierenberg, a member of the Board of Directors (the “Board”) of Flotek Industries, Inc. (the “Company”), informed the Company of his decision to resign from the Board and as a member of the Board’s Audit Committee, Compensation Committee, Corporate Governance & Nominating Committee and Risk & Sustainability Committee, effective immediately.”
Earnings Releases
FLOTEK INDUSTRIES INC/CN/ updated its full year 2024 guidance (initiated).
“Flotek expects 2024 adjusted gross profit margin (2) to range between 18% and 22%, as compared to 2023 adjusted gross profit margin (1) of 15%. The Company expects 2024 adjusted EBITDA (2) to range between $10 million and $16 million as compared to $1.5 million in 2023 (1).”
Earnings Releases
FLOTEK INDUSTRIES INC/CN/ reported the quarter ended March 31, 2024 results: revenue $ 40,374, net income $ 1,562, EPS $ 0.05 per diluted share.
“Total Revenues $ 40,374 $ 48,007 (16)% Gross Profit $ 8,821 $ 1,880 369% Adjusted Gross Profit (1) $ 10,075 $ 2,647 281% Net Income $ 1,562 $ 21,343 (93)% Diluted Income (Loss) Per Share $ 0.05 $ (0.12) n/a”
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