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 [Yahoo! Finance]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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Source: Yahoo! Finance
results for the fourth quarter and full-year ended December 31, 2023 , highlighted by significant improvement in all profitability metrics, including net income, gross profit and adjusted gross profit . For the first time since 2017, the Company generated full-year positive adjusted EBITDA Financial Summary (in thousands) Three months ended December 31, Twelve months ended December 31, Total Revenues Gross Profit (Loss) Adjusted Gross Profit (Loss) Net Income (Loss) Adjusted EBITDA (1) A non-GAAP financial measure. See the "Unaudited Reconciliation of Non-GAAP Items and Non-Cash Items Impacting Earnings" section in this release for more information, including reconciliations to the most comparable GAAP measures. Full-Year 2023 Highlights Reported net income of $24.7 million , a $67.0 million year-over-year improvement, compared to a net loss of $42.3 million for 2022. Delivered year-over-year improvements in gross profit, adjusted gross profit and adjusted EB
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News
- Is Flotek Industries, Inc. (NYSE:FTK) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Flotek Announces Timing of First Quarter 2024 Earnings Release and Conference CallPR Newswire
- Flotek Industries Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (NYSE: FTK) was upgraded by analysts at TheStreet from a "d" rating to a "c-" rating.MarketBeat
- Commodity Roundup: Drone strikes on Russian refineries keep oil supported; gold down [Seeking Alpha]Seeking Alpha
FTK
Analyst Actions
- 3/14/24 - TheStreet
FTK
Sec Filings
- 4/24/24 - Form DEFA14A
- 4/24/24 - Form DEF
- 4/22/24 - Form 4
- FTK's page on the SEC website