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Flotek (FTK)
NYSE:FTK
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 10, 2025
|% Change Since: -8.50%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
Flotek Industries reported a strong quarter and year, with significant revenue and profitability growth despite industry challenges. Expansion in international markets and the data analytics segment contributed to these results. The company also faced regulatory uncertainties that could impact future revenues.Company Guidance
During the Flotek Industries, Inc. fourth quarter and full year 2024 earnings call, the company provided several key metrics reflecting their performance and outlook. Total revenues for Q4 2024 increased by 20% compared to Q4 2023, driven by a 21% rise in external customer revenue, despite a 25% decline in active frac fleet counts. The company's data analytics service revenue surged by 124% year-over-year and 44% compared to the full year of 2023. Flotek achieved a net income of $4.4 million and adjusted EBITDA of $7 million for Q4 2024, marking increases of 111% and 78%, respectively, from the same period in 2023. The full year adjusted EBITDA reached $20.3 million, surpassing guidance by 10%. The company's stock price improved by 140%, ranking in the top three among oilfield service stocks. Additionally, Flotek highlighted the development of new products within their data analytics segment, with a potential total addressable market of over $500 million. Looking ahead to 2025, Flotek expressed cautious optimism about sustaining profitability momentum, driven by the expansion of their service offerings and the anticipated growth in demand for their innovative chemistry and data solutions.Record Quarterly Revenue and Growth
Q4 2024 total revenues rose 20% versus Q4 2023, driven by a 21% increase in external customer revenue.
Data Analytics Segment Expansion
Data analytics service revenue grew 124% versus Q4 2023 and 44% versus the full year 2023. The company developed three new products, expanding their total addressable market by more than $500 million.
Significant Profitability and Stock Performance
Q4 2024 net income was $4.4 million and adjusted EBITDA was $7 million, up 111% and 78% respectively versus Q4 2023. Full year 2024 adjusted EBITDA reached $20.3 million, exceeding guidance by 10%. Stock price improved by 140%.
International Revenue Growth
International chemistry business made its largest quarterly contribution with revenues up 300% sequentially in Q4 2024.
Zero Lost Time Incidents
The company achieved all these results with zero lost time incidents in field operations.
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FTK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $7.29 | $7.41 | +1.65% |
| Nov 04, 2024 | $5.00 | $6.15 | +23.00% |
| Aug 06, 2024 | $4.22 | $3.87 | -8.29% |
| May 07, 2024 | $3.60 | $3.57 | -0.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Flotek (FTK) report earnings?
Flotek (FTK) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Flotek (FTK) earnings time?
Flotek (FTK) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTK EPS forecast?
FTK EPS forecast for the fiscal quarter 2025 (Q1) is 0.11.
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