Flotek Industries Announces Second Quarter Earnings Release and Conference Call Schedule
Flotek will host a conference call on Thursday, July 23, 2015 at 7:00 a.m. Central Standard Time to discuss its financial and operating results for the three -months ended June 30, 2015. Flotek intends to provide dial-in information through a press release on July 22, 2015.
In addition to the Company’s traditional earnings report, Flotek will also update investors on significant progress in the establishment of alternative distribution channels for its core Complex nano-Fluid® completion chemistries, the success of FracMax™ in marketing CnF® during the quarter, progress in international markets and adjustments to its Drilling Technologies business.
“We are very pleased with the progress we have made on the chemistry front in the second quarter and look forward to sharing the positive financial impact of such progress when we discuss second quarter results with investors next week,” said John Chisholm, Flotek’s Chairman, President and Chief Executive Officer. “We have also undertaken a comprehensive review of all our businesses to ensure we are operating the right businesses in the right places with the right people and look forward to sharing the results of this very important strategic exercise with investors.”
Flotek plans to file its 10-Q after the market close on Wednesday, July 22, 2015. In addition, the Company will provide additional details regarding operating results in a press release after the market close on July 22, 2015.
About Flotek Industries, Inc.
Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK."
For additional information, please visit Flotek's web site at www.flotekind.com.
Certain statements set forth in this Press Release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Press Release.
Although forward-looking statements in this Press Release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company's ability to obtain financing to support its operations, environmental and other casualty risks, and the impact of government regulation.
Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filings on Form 10-K (including without limitation in the "Risk Factors" Section), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Press Release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Press Release.