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Flotek Industries (FTK)
QUOTE AND NEWS
Flotek Industries, Inc. Announces First Quarter Results
PR News Wire  May 7 
HOUSTON, May 7 /PRNewswire-FirstCall/ -- Flotek Industries, Inc. (NYSE: FTK), a technology driven growth company serving the oil, gas, and mining industries, today reported results for the first quarter of 2009. 1Q 2009 Highlights vs. 1Q 2008
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Scott Redmond
FTK AT A GLANCE
 
 
 
 
 
 
 
 
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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.

[edit] Growth Strategy

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

[1]

[edit] 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

[edit] References

  1. ↑ FTK
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