News & Events

HOUSTON, June 11, 2024 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced today that the company is set to join the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell…

HOUSTON, June 10, 2024 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has appointed Leon Chad as Senior Vice President, Commercial, effective June 3, 2024. This appointment serves as the replacement for the Company’s Senior Vice President- Global Business Lines who departed in March 2024. With over three decades of both domestic and international experience in the energy and chemistry industries, Mr. Chad brings invaluable expertise that will further enhance the Company’s strategy to drive market share gains through its differentiated chemistry and data solutions. Ryan Ezell, Chief Executive Officer, said “I am thrilled to…

HOUSTON, May 24, 2024 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that David Nierenberg is stepping down from his position as a member of the Company’s Board of Directors. Harsha V. Agadi, Chairman of the Board of Directors of Flotek, said, “David’s leadership during his six years of service has played a pivotal role in the Company’s turnaround. David has provided the board unmatched corporate governance expertise as well as deep strategic insights helping the Company to achieve operational and financial success while navigating the volatility inherent in the industry. During David’s tenure, annual revenues…

FOR IMMEDIATE RELEASE HOUSTON, March 4, 2024 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has appointed Amy Blakeway as Senior Vice President, General Counsel, effective March 1, 2024. With over a decade of legal experience in the energy sector, Ms. Blakeway brings unique expertise that will further strengthen the leadership team and help advance the Company’s growth strategy to drive market share gains through its differentiated chemistry and data solutions. Ryan Ezell, Chief Executive Officer, said, “I am pleased to welcome Amy as the newest member of our leadership team at an exciting…

HOUSTON, January 25, 2024 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the Company is scheduled to participate in the 36th Annual Roth Conference to be held at the Ritz Carlton in Laguna Niguel, California, March 17-19, 2024. Flotek Chief Executive Officer, Ryan Ezell, will participate in an industry panel discussion and will be joined by Chief Financial Officer, Bond Clement, in hosting one-on-one meetings with investors during the event. An updated corporate presentation that will be used in discussions at the conference will be posted to the Investor Relations section of Flotek’s corporate website at…

HOUSTON, September 20, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has appointed Tom Redlinger as Vice President of its rapidly expanding, high margin Data Analytics segment. The appointment of Mr. Redlinger further strengthens the executive leadership team, while bringing deep energy industry expertise to the Data Analytics business, which supports customers through real-time data, monitoring, and visualization across the energy value chain utilizing the Company’s proprietary JP3 unit. Ryan Ezell, Chief Executive Officer, said, “I am pleased to welcome Tom to the Flotek leadership team. His diverse background and 20 years of…

HOUSTON, September 14, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced it expects to report positive adjusted EBITDA(1) for the quarter ending September 30, 2023, accelerating its previous estimate of achieving this financial metric before year-end. Reaching positive adjusted EBITDA(1) builds upon the Company’s improvement in its financial results over the last several quarters, highlighted by revenues and gross profit during the first half of 2023 increasing by approximately $56 million and $9 million, respectively, as compared to the first half of 2022. The Company expects that its third quarter 2023 adjusted EBITDA(1) will reflect…

HOUSTON, August 21, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that the Company is scheduled to participate in a fireside chat with Water Tower Research on August 23, 2023, at 2:00 PM Eastern Time. Ryan Ezell, Chief Executive Officer, and Bond Clement, Chief Financial Officer, will discuss the growing market for Flotek’s green chemistry solutions and the prospects for the company’s Data Analytics segment, driven by adoption of the JP3 Verax Analyzers; how the Company’s green chemistry technologies can drive improved performance for well owners; the Company’s revenue growth opportunities with transactional chemistry customers and…

HOUSTON, August 17, 2023 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced three internal executive appointments, marking the final step in solidifying the Company’s leadership team as it focuses on strengthening its platform for continued growth and profitability. The promotions of Nathan Snoke to Senior Vice President – Global Business Lines, Shane Wise to Senior Vice President – Operations, and Andrea Berry to Vice President of People Operations are effective immediately. They will join Flotek’s recently appointed Chief Executive Officer, Ryan Ezell, and Chief Financial Officer, Bond Clement, together forming a deep bench of executive talent…

HOUSTON, August 14, 2023 - Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced that it has entered into a revolving loan and security agreement in connection with an Asset Based Loan (“ABL”) with Amerisource Funding, Inc. (“Lender”). The ABL provides for a 24-month term with up to $10 million of initial credit availability for eligible accounts receivable and eligible inventory. After closing and subject to certain conditions, including an acceptable appraisal and the pledge of real estate collateral by the Company, the credit availability is expected to be increased by the lesser of 50% of the appraised…