QUOTE AND NEWS
Motley Fool  Aug 2  Comment 
On a record-setting day for the Dow, these stocks fell. Find out why.
Motley Fool  Aug 2  Comment 
Increased revenue couldn't offset higher costs for Flotek in Q2.
Motley Fool  Jun 9  Comment 
Investors weren't too impressed with the company's most recent results.
Motley Fool  May 4  Comment 
Flotek's first-quarter results were very similar to those from this time last year, and well below Wall Street's expectations.




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Flotek Industries, Inc. (AMEX: FTK) manufactures and and markets the Petrovalve line of downhole pump components and the Spidle Turbeco line of downhole drilling tools and casing accessories. The company's other business is the specialty chemicals segment (CESI), which develops, manufactures, packages and sells chemicals used by other oilfield service companies in oil and gas well cementing, stimulation, acidizing, drilling and production. The company is headquartered in Houston, Texas.

Growth Strategy

  • Generate sustainable earnings and revenue growth
  • Seek attractive acquisitions in strategic markets
  • Organic growth through R&D

[1]

Financials

  • Revenue of $101 million in 2006, up from $53 million in 2005
  • Net Income of $11.4 million in 2006, up from $7.7 million in 2005

References
1. Investor presentation, Houston Energy Financial Forum, November 12-15, 2007

References

  1. FTK
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