Flotek Announces Increased 2024 Guidance, Improved Revenue, and Continued Profit Growth in Connection with Third Quarter 2024 Results [Yahoo! Finance]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
Check Earnings Report
US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
Company Research
Source: Yahoo! Finance
results for the quarter ended September 30, 2024 , highlighted by significant improvement in profitability metrics as compared to the third quarter of 2023. Due to the strong results achieved through the first nine months of the year, the Company increased its 2024 profit guidance. Financial Summary (in thousands, except 'per share' amounts) Three Months Ended September 30, Nine Months Ended September 30, Total Revenues Gross Profit Adjusted Gross Profit Net Income Diluted Income (Loss) Per Share Adjusted EBITDA Third Quarter 2024 Highlights Generated total revenue of $49.7 million , a 5% increase from the third quarter of 2023, highlighted by a 58% year-over-year increase in Data Analytics revenues. Reduced SG&A by 12% from the third quarter of 2023 and by 9% sequentially from the second quarter of 2024. Reported net income of $2.5 million and adjusted EBITDA of $4.8 million , representing a year-over-year increase of 97% and 43%, respectively. Reduced bor
Show less
Read more
Impact Snapshot
Event Time:
FTK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FTK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FTK alerts
High impacting Flotek Industries, Inc. news events
Weekly update
A roundup of the hottest topics
FTK
News
- Flotek Industries, Inc.'s (NYSE:FTK) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects? [Yahoo! Finance]Yahoo! Finance
- Are Oils-Energy Stocks Lagging China Shenhua Energy Co. (CSUAY) This Year? [Yahoo! Finance]Yahoo! Finance
- Flotek Industries (FTK) Is Up 0.60% in One Week: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Here's Why 'Trend' Investors Would Love Betting on Flotek Industries (FTK) [Yahoo! Finance]Yahoo! Finance
- Flotek Industries, Inc. (NYSE: FTK) had its price target raised by analysts at Roth Mkm from $6.50 to $8.00. They now have a "buy" rating on the stock.MarketBeat
FTK
Earnings
- 11/4/24 - Beat
FTK
Sec Filings
- 11/7/24 - Form 10-Q
- 11/4/24 - Form 8-K
- 10/31/24 - Form 4
- FTK's page on the SEC website