Flotek Industries Inc (FTK) Q3 2024 Earnings Call Highlights: Strong Revenue Growth Amid Market ... [Yahoo! Finance]
Flotek Industries, Inc. (FTK)
Last flotek industries, inc. earnings: 8/7 08:54 pm
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US:NYSE Investor Relations:
flotekind.com/index.php/investor-relations
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Source: Yahoo! Finance
Data-as-a-Service Revenue Growth: 40% sequentially. Chemistry Technologies Segment Revenue Growth: 7% in the third quarter. Net Income: $2.5 million, a 97% year-over-year increase. Adjusted EBITDA: $4.8 million, a 43% year-over-year increase. Gross Profit Margin: Down 150 basis points sequentially. Data Analytics Gross Margin: 44%, a 47% sequential improvement. SG&A Costs: $5.7 million, a 12% year-over-year improvement. Debt Reduction: ABL balance reduced by 75% from the end of the second quarter. Adjusted EBITDA Guidance: Increased to $16.5 million to $18.5 million for 2024. Adjusted Gross Profit Margin Guidance: Expected to be between 20% and 22% for 2024. Warning! GuruFocus has detected 5 Warning Signs with FTK. Release Date: November 05, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Flotek Industries Inc ( NYSE:FTK ) achieved a 5% year-over-year revenue growth and an 8% sequential increase from t
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- 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