Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today it has acquired 100% ownership of JP3 Measurement, LLC ("JP3"), a privately held leading data and analytics technology company, in a cash-and-stock transaction. The transaction is valued at approximately $34.4 million, comprised of $25 million in cash and 11.5 million shares in Flotek common stock, with the assumption of $1.3MM of debt and an additional $5 million earn-out based on appreciation of Flotek's share price.
Q4 2019 Flotek Industries Inc Earnings Call
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that John W. Gibson, Jr. has assumed the positions of Chairman of the Board of Directors ("Chairman") and Chief Executive Officer ("CEO") and President of the Company as of today. David Nierenberg, who has been Flotek's Chairman of the Board of Directors ("Board") since May 2019, remains an independent director on the Company's Board, and John Chisholm, Flotek's former Chief Executive Officer, has stepped down from the Board. As previously announced, Mr. Gibson, who has extensive industry leadership experience with Tudor, Pickering, Holt & Company, Tervita Corporation, Paradigm Geophysical, Landmark Graphics Corporation, Halliburton Company and Chevron Corporation, was identified as a CEO candidate after an extensive search by the Company.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that Nick Bigney has joined the organization as Senior Vice President, General Counsel and Corporate Secretary. In this role, he will lead the Company's legal strategy, securities filings, corporate governance, compliance and risk assessment programs, and dispute resolution and litigation, as well as commercial transactional work related to organic and inorganic activities. He will be based in Houston and report to Flotek's Chief Executive Officer, President & Chairman of the Board, John W. Gibson, Jr.
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Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it has received written notice from the New York Stock Exchange (the "NYSE") that the average closing price of the Company's shares of common stock was below $1.00 per share over a period of 30 consecutive trading days, which is below the requirement for continued listing on the NYSE.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three months and full year ended December 31, 2019. As the results of the Company's Consumer and Industrial Chemistry Technologies ("CICT") segment are presented as discontinued operations for all periods, the financial discussion and comparisons substantially relate to Flotek's continuing operations, or its Energy Chemistry Technologies ("ECT") segment.
Houston Wire & Cable Company (HWCC) announced that David Nierenberg has been elected to its Board of Directors, effective March 16, 2020. Mr. Nierenberg is Founder and President of Nierenberg Investment Management Company, Inc. (NIMCO), which manages the D3 Family Funds. The Board of Directors has also appointed Damon Benedict, a partner at NIMCO, as a board observer effective as of the same date.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its first quarter 2020 results for the three months ended March 31, 2020.
NEW YORK, NY / ACCESSWIRE / March 6, 2020 / Flotek Industries, Inc. (FTK) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 6, 2020 at 10:00 AM Eastern ...
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Q3 2019 Flotek Industries Inc Earnings Call
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Flotek Industries Inc (NYSE:FTK) based on that […]
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced results for the three months ended March 31, 2020.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced the Company's schedule for releasing its fourth quarter 2019 results for the three months ended December 31, 2019.
Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that John W. Gibson, Jr. has been named as Chairman of the Board of Directors and Chief Executive Officer and President of the Company effective January 6, 2020. Mr. Gibson is a recognized leader with more than 35 years of experience in the energy technology, oil and gas services and exploration and production sectors of the energy industry. With this appointment, David Nierenberg, Flotek's Chairman of the Board of Directors ("Board"), will remain an independent director of the Company's Board, and John Chisholm, Flotek's current Chief Executive Officer, will step down from the Board.
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