Flotek Industries, Inc. Provides Earnings Guidance for the Three Months-Ended December 31, 2017
January 16, 2018 at 07:00 am
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Flotek Industries, Inc. provided earnings guidance for the three months-ended December 31, 2017. Selling, General and Administrative costs, excluding non-cash compensation expenses, are expected to be near the low end of the $15 million - $16 million guidance range provided on last quarter's conference call. The company expects its revenues in its Energy Chemistry Technologies segment to be in the $54 million - $56 million range and in its Consumer and Industrial Chemistry Technologies segment to be in the $17 million - $18 million range. The company expects to generate positive operating income, excluding any potential one-time charges.
Flotek Industries, Inc. is a technology-driven, specialty green chemistry and data company. The Companyâs segments include Chemistry Technologies and Data Analytics. The Companyâs Chemistry Technologies segment designs, develops, manufactures, packages and distributes green, specialty chemicals that help customers improve their return on invested capital, lower operational costs and realize tangible environmental benefits aimed at enhancing the profitability of hydrocarbon producers. The Companyâs Data Analytics segment provides analytics associated with their hydrocarbon streams in seconds rather than minutes or days. The real-time access to information prevents waste, reduces reprocessing and allows users to pursue automation of their hydrocarbon streams to increase their profitability. It helps customers across industrial and commercial markets improve their environmental performance. It serves specialty chemistry needs for both domestic and international energy markets.
FLOTEK INDUSTRIES, INC. 
