-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Shu0ya/32YXsPE3K1KzXIReSqlscg1Wc+XkXJxPDtw+FJR6zfjvdybrgIHW4PnbG 0w87fMt83pCr23I6wZKSkw== 0001144204-05-024149.txt : 20050809 0001144204-05-024149.hdr.sgml : 20050809 20050809102102 ACCESSION NUMBER: 0001144204-05-024149 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050808 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050809 DATE AS OF CHANGE: 20050809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLOTEK INDUSTRIES INC/CN/ CENTRAL INDEX KEY: 0000928054 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 900023731 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13270 FILM NUMBER: 051007916 BUSINESS ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7138499911 MAIL ADDRESS: STREET 1: 7030 EMPIRE CENTRAL DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 v023235_8k.htm Unassociated Document


UNITED STATES
 
SECURITIES AND EXCHANGE COMMISSION
 
WASHINGTON, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934 
 
Commission File Number 1-13270
 

 
FLOTEK INDUSTRIES, INC.
 
Incorporated pursuant to the Laws of the State of Delaware
 

Internal Revenue Service - Employer Identification No. 90-0023731
 
7030 Empire Central Drive, Houston, Texas 77040
 
(713) 849-9911
 

 

 

ITEM 8.01.    Other Events.
 
        On July 26, 2005, Flotek Industries, Inc. (the "Company") issued a press release reporting 2nd quarter earning for 2005.
 
ITEM 9.01.    Financial Statements and Exhibits.
 
       The press release is filed herewith as Exhibit 99.1, and is incorporated herein by reference.
 
Exhibit
Number
  
 
Description of Exhibit
     
99.1
  
News Release Dated July 26, 2005

 
SIGNATURES
 
        Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
   
 
Date:  August 8, 2005
Jerry D. Dumas, Sr.
Jerry D. Dumas, Sr.
Chairman & Chief Executive Officer

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NEWS RELEASE
FLOTEK INDUSTRIES, INC.
FLOTEK INDUSTRIES, INC.
7030 Empire Central Drive
Houston, Texas
77040
Tuesday July 26, 2005
6:00 a.m. EST
 
   
 


FLOTEK INDUSTRIES, INC. QUARTERLY PROFIT MORE THAN TRIPLES

HOUSTON, July 26, 2005 - Flotek Industries, Inc. (FLTK.OB) on Monday announced its second-quarter profits rose 350% to $2.0 million, on total sales of $12.5 million up 159% from 2004.
 
Net income for the second quarter increased to $2.0 million, or 29 cents per share, from $0.4 million, or 7 cents per share, a year ago. Earnings per share of 29 cents represent a 32% sequential increase over first quarter 2005 earnings per share of 22 cents. Looking ahead, the company said it expects to meet its full year earnings forecast of $1.00 to $1.05 per share.

Financial Results (in thousands, except per share amounts):

   
Three Months Ended
  
Six Months Ended
  
   
June 30, 2005
  
June 30, 2004
  
June 30, 2005
  
June 30, 2004
  
Revenue
  
$
12,461
  
$
4,811
  
$
23,502
  
$
9,607
  
                           
Net Income
  
$
1,989
  
$
442
  
$
3,457
  
$
676
  
                           
Basic EPS
  
$
0.29
  
$
0.07
  
$
0.51
  
$
0.10
  
Diluted EPS
  
$
0.26
  
$
0.06
  
$
0.46
  
$
0.10
  

Organic growth within our Chemicals and Logistics segment combined with the expansion of our Drilling Products segment produced the increase in sales and profit. Sales of our proprietary chemical line continue to grow bolstered by strong margins in our downhole drilling tool operations.

Chairman and CEO, Jerry D. Dumas, Sr. commented, “We delivered strong second quarter results, with profit growth outpacing our revenue growth. We remain focused and disciplined on producing above market profits in our three core segments: Specialty Chemicals & Logistics, Drilling Products and Production Products.”

Shares of Flotek's common stock will begin trading on the American Stock Exchange under the symbol "FTK" on July 27, 2005

More detail will be available in the Company’s 10-QSB to be filed with the SEC. For product information and additional information on the Company, please visit Flotek’s web site at http://www.flotekind.com.

Flotek is a publicly traded company involved in the manufacturing and marketing of innovative specialty chemicals, downhole drilling and production equipment, and management of automated bulk material handling, loading and blending facilities. It serves major and independent companies in the domestic and international oilfield service industry.

Statements made in this press release, including those relating to the positive direction of the Company, and increased revenue base, are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause results to differ materially from those set forth in these statements. Other factors identified in the Company’s filings with the Securities and Exchange Commission could also affect the forward-looking statements contained in this press release.

 
CONTACT:
Flotek Industries, Inc.
Rosalie Melia, Corporate Secretary
713.849.9911


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