Flotek Industries Announces New Date For Fourth Quarter And Full-Year 2020 Results
Flotek Industries, Inc. (NYSE: FTK) has announced a postponement of its fourth quarter and full-year 2020 earnings results originally set for March 10, 2021, due to severe winter storms in Texas. The new schedule will see the release of earnings on March 16, 2021, before market open, with a conference call to follow at 4:00 p.m. CST. Flotek aims to file its Form 10-K on the same day. The company specializes in chemistry technologies for various sectors, including energy and sanitation.
- Earnings release rescheduled to March 16, 2021.
- Company specializes in diverse chemistry technologies, positioning it well in multiple markets.
- Earnings release delayed due to external weather conditions, indicating potential operational vulnerabilities.
HOUSTON, March 10, 2021 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced it is rescheduling its fourth quarter 2020 earnings results previously scheduled for Wednesday, March 10, 2021, and corresponding conference call scheduled for Thursday, March 11, 2021.
The severe winter storms throughout Texas in mid-February impacted the Company's ability to file its earnings according to its originally announced schedule. As a result, additional time is required to prepare the Company's earnings release.
Updated Earnings Schedule Announced for Q4 and Full-Year 2020
Flotek anticipates that it will issue a press release prior to market open on Tuesday, March 16, 2021, containing its fourth quarter 2020 financial and operating results for the three months ended December 31, 2020, as well as full-year results for 2020. Flotek also expects to host its earnings conference call on Tuesday, March 16, 2021, at 4:00 p.m. CST (5:00 p.m. EST).
The Company expects to file its Form 10-K on Tuesday, March 16, 2021.
To participate in the call, participants should access the webcast on www.flotekind.com under the Investor Relations section or dial 1-844-835-9986 approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company's website.
About Flotek
Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that serves customers across industrial, commercial and consumer markets. Flotek's Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality sanitizers, surface cleaners and disinfectants for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com.
Forward-Looking Statements
Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the "Risk Factors" section thereof), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.
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SOURCE Flotek Industries, Inc.
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