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Flotek Industries - Fracking Zulieferer


WKN: A0F43X | Symbol: FTK
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bisher eher verlustreich; kommt mit dieser KE wenigstens wieder zu positivem Buchwert...


Flotek Industries, Inc. Announces $29.5 Million Common Stock Private Placement and $4.5 Million Debt Exchange

HOUSTON, May 12, 2011 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) today announced that it has entered into definitive subscription agreements with accredited investors with respect to the private placement of shares of common stock for gross proceeds of approximately $29.5 million. Flotek also announced that it has entered into exchange agreements to issue an aggregate of 559,007 shares of common stock in exchange for $4.5 million in aggregate principal amount of its 5.25% Convertible Senior Notes due 2028.

Private Placement

Flotek has entered into subscription agreements to sell 3,665,000 shares of common stock at a price of $8.05 per share. The closing and funding of the private placement is scheduled to occur on or about May 12, 2011.

Flotek will use the proceeds of the private placement to repay indebtedness under the Company's secured credit facility.

The shares of common stock have not been registered under the Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent a registration statement or exemption from registration.

Exchange Agreement

Flotek has entered into exchange agreements with two affiliated holders of $4.5 million in aggregate principal amount of the Company's 5.25% Convertible Senior Notes due 2028 to issue an aggregate of 559,007 shares of common stock in exchange for such notes. The consummation of this exchange is expected to close on or before May 18, 2011. The offer and sale of the shares of common stock in the exchange is being made in reliance on the exemption from registration in Section 3(a)(9) of the Securities Act of 1933, as amended.

About Flotek Industries, Inc.

Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. 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.
Antwort auf Beitrag Nr.: 41.586.796 von R-BgO am 01.06.11 09:10:07gute Fortsetzung:

für 2011 rund 50% EK-Rendite

ggü. Tief schon wieder verdreifacht
Tuesday, January 27, 2015
Flotek Industries, Inc. Announces 2014 Results, Provides Financial and Operational Update, Announces Year-End 2014 Conference Call Details

Flotek reported 2014 Earnings Per Share (fully diluted) of $0.97, an increase of 44.8% from 2013. Fourth quarter fully diluted EPS of $0.29 increased 45.0% from the fourth quarter of 2013 and 11.5% sequentially.

Flotek announced 2014 annual revenue of $449.2 million, a company record, an increase of 21.0% from 2013 levels. Fourth quarter revenue of $124.5 million was 23.5% above fourth quarter, 2013 revenue and 6.6% greater than third quarter, 2014.

Flotek introduced its proprietary, patent-pending FracMax™ software in 2014, now with over 75,000 well data points. Based on FracMax data, the use of Flotek's CnF® completion chemistries has added at least $8 billion dollars in aggregate value for operators when compared to those operators that have not adopted CnF chemistry. Recently, the Company announced the debut of FracMax Canada with approximately 10,000 well data points.

Flotek introduced the Stemulator®, a new axial vibration technology that accelerates drillbit penetration in horizontal wells and debuted its TelePulse™ MWD technology which provides a range of real-time measurements in the lateral section of horizontal wells.

Flotek repurchased 621,726 shares of its common stock at an average price of $16.74 per share for an aggregate total of approximately $10.4 million in the fourth quarter. Cash generation remains strong with the Company's revolving credit facility balance of approximately $8.5 million on December 31, 2014.

Flotek unveiled plans for a new 50,000-plus square foot state-of-the-art global research and innovation facility to maximize client collaboration, which is expected to be complete in early 2016.



HOUSTON, Jan. 27, 2015 -
Flotek Industries, Inc. ("Flotek" or the "Company") (FTK) today announced results for the three- and twelve-months ended December 31, 2014.

As reported on Form 10-K filed with the U.S. Securities and Exchange Commission, Flotek reported revenue for the year ended December 31, 2014 of $449.2 million, an increase of $78.1 million, or 21.0%, compared to the year ended December 31, 2013.

The acceleration in revenue was primarily due to increased sales of the Company's Complex nano-Fluid® suite of completion chemistries as well as strength in downhole technology sales, especially the introduction of the Stemulator® which assists clients with increasing the rate of penetration during horizontal drilling.


Income from Operations for the year ended December 31, 2014 was $80.9 million, an increase of 37.7%, compared to $58.7 million in the same period of 2013.

The company recorded an income tax provision of $25.3 million, yielding an effective tax rate of 32.0% for the year ended December 31, 2014 compared to an income tax provision of $20.8 million yielding an effective tax rate of 36.5% in the prior corresponding period.

For the year ended December 31, 2014, the Company reported net income of $53.6 million or $0.97 per share (fully diluted) an increase of $.30, or 44.8%, compared to net income of $36.2 million or $0.67 per share (fully diluted) for the year ended December 31, 2013.

Earnings Before Interest, Taxes, Depreciation and Amortization, or EBITDA (a non-GAAP measure of financial performance), for the year ended December 31, 2014 was $98.3 million, an increase of $24.2 million, or 32.6%, compared to $74.2 million for the year ended December 31, 2013.

For the year ended December 31, 2014, Flotek's non-cash share-based compensation expense was approximately $10.5 million. For the year ended December 31, 2013, non-cash share-based compensation was $10.9 million.

A presentation of non-cash share based compensation and a reconciliation of GAAP net income to EBITDA can be found at the conclusion of this release.


Consolidated gross margin increased to 40.7% for the year ended December 31, 2014 from 39.8% from the corresponding 2013 period.

"2014 was a special year for Flotek and its shareholders as the Flotek team continued to set new records in nearly every performance metric," said John Chisholm, Flotek Chairman, President and Chief Executive Officer. "The hard work and dedication of each member of the Flotek team contributed to record revenue and operating income as well as new operating milestones that continue to better position Flotek for the future."

"The introduction of our FracMax™ analytical software provides Flotek with a unique competitive advantage that has not previously been available in our industry," added Chisholm. "In fact, based on the over 75,000 wells available in FracMax with at least one-year of production data, we can confidently indicate that Flotek's CnF® completion chemistries have created over $8 billion in additional value for our exploration and production clients in the form of increased production when compared to wells not using CnF chemistry."

"There is little doubt that 2015 will present a plethora of challenges for the Flotek team," added Chisholm. "However, we enter this period of uncertainty and volatility with unprecedented financial strength and flexibility, a team that understands how to execute in challenging environments, and a stable of differentiating technologies that will assist our clients in enhancing their exploration and production efforts. Together, we believe these tenets place Flotek in a position of relative strength as we navigate these uncharted waters."

A complete review of the Company's year-end financial position can be found in the Company's annual report filed with the U.S. Securities and Exchange Commission this afternoon.



Fourth Quarter 2014 Results
For the three months ended December 31, 2014, Flotek posted revenue of $124.5 million, an increase of $23.7 million, or 23.5%, compared to $100.8 million in the same period of 2013. Revenue increased $7.7 million, or 6.6%, compared to third quarter, 2014.

Income from operations for the three months ended December 31, 2014 was $23.6 million, an increase of $6.0 million, or 34.2%, compared to $17.6 million in the same period of 2013. Income from Operations increased $2.7 million, or 13.1%, compared to third quarter, 2014.
In the fourth quarter, 2014 Flotek recorded income tax expense of $6.9 million, compared to $6.2 million in the fourth quarter of 2013.

On a GAAP basis, Flotek posted Earnings per Share (fully diluted) for the three months ended December 31, 2014 of $.29, an increase of $.09, or 45.0%, compared to Earnings per Share (fully diluted) of $.20 for the three months ended December 31, 2013. Earnings per Share (fully diluted) increased $.03, or 11.5%, compared to third quarter, 2014.

Earnings Before Interest, Taxes, Depreciation and Amortization, or EBITDA, for the three months ended December 31, 2014 was $28.1 million, an increase of $6.1 million, or 28.0%, compared to $21.9 million for the three months ended December 31, 2013. EBITDA increased $2.8 million, or 11.2%, compared to third quarter, 2014.

For the quarter ended December 31, 2014, Flotek's non-cash share-based compensation expense was approximately $3.0 million. For the quarter ended December 31, 2013, non-cash share-based compensation was $2.2 million.

Consolidated gross margins for the three months ended December 31, 2014 were 40.9% compared to 39.5% in the same period of 2013 and 39.5% in the third quarter 2014.


"Even as the swoon in energy commodity prices began to impact activity during the quarter, Flotek continued to show solid growth during the last three months of 2014," added Chisholm. "Notwithstanding moderated activity and the Thanksgiving and Christmas holidays, CnF usage continued to lead our growth as pressure pumping companies and exploration and production concerns continued to better understand the positive impact Flotek's completion chemistries have on production and ultimate economics of a well. We believe the ability to maximize economics of a well becomes even more important in a lower-price commodity environment which should provide relative benefits to Flotek."

A summary income statement reflecting fourth quarter results can be found at the conclusion of this release.


Full Year 2014 – Segment Results
Energy Chemical Technologies revenue of $268.8 million for the year ended December 31, 2014 increased $67.8 million, or 33.8%, from year ago levels, primarily due to the increased sales of stimulation chemical additives, largely the result of the introduction of the Company's proprietary, patent-pending FracMax software which statistically demonstrates the positive production and economic impact of using Flotek's CnF chemistries in unconventional well completions. FracMax has led to a record number of new validation projects and accelerated commercial acceptance of the Company's CnF completion chemistries. Segment gross margin for the year ended December 31, 2014 was essentially unchanged at 43.9% from a year ago. Income from operations of $84.8 million for the year ended December 31, 2014 increased $19.5 million, or 29.7%, from year ago levels.

Drilling Technologies revenue of $113.3 million for the year ended December 31, 2014 increased $0.9 million, or 0.8% from the full year 2013 primarily due to an increase in actuated tool rentals. Gross margin increased to 40.3% compared to 38.4% from year ago levels. This was primarily due to increased material margins on actuated tool rentals as a direct result of decreases in repair cost and direct expense controls initiated during 2014. Income from operations of $19.0 million for the year ended December 31, 2014 increased $0.7 million, or 3.9%, from year ago levels.

Revenue for the Production Technologies segment of $16.0 million for the year ended December 31, 2014 revenue increased by $1.2 million, or 8.1% from the prior corresponding period as sales of Petrovalves and lifting units rose by $4.6 million, or 152.9% in 2014. Offsetting those revenue increases was a decrease in equipment sales and related services of $3.5 million, or 31.1% in coal-bed methane related business. Segment gross margin increased to 40.9% compared to 35.0% for the year ended December 31, 2013, primarily due to the higher margins associated with the international valve sales and improvement in margins on pump equipment. Income from operations of $3.2 million for the year ended December 31, 2014 increased $0.2 million, or 6.1%, from year ago levels.

Consumer and Industrial Chemical Technologies ("CICT") revenue of $51.1 million for the year ended December 31, 2014 increased $8.2 million or 19.0%, from the prior corresponding period, as the segment was created in the second quarter of 2013 upon the acquisition of Florida Chemical. Segment gross margin increased to 25.2% for the year ended December 31, 2014 compared to 24.8% in 2013. Income from operations of $6.6 million for the year ended December 31, 2014 increased $0.3 million, or 4.8%, from year ago levels.


Fourth Quarter 2014 – Segment Results
Energy Chemical Technologies segment reported revenue of $75.6 million for the three months ended December 31, 2014. Energy Chemical Technologies revenue for the three months ended December 31, 2014 increased $18.7 million, or 32.9%, relative to the comparable period of 2013. Segment revenue for the three months ended December 31, 2014 increased $7.4 million, or 10.9%, compared to third quarter, 2014.

Income from operations for the Energy Chemical Technologies segment of $24.2 million increased $4.1 million, or 20.2%, for the three months ended December 31, 2014 compared to the same period of 2013. Income from operations for the segment increased $4.3 million, or 21.4%, compared to third quarter, 2014.

Drilling Technologies reported revenue of $31.2 million for the three months ended December 31, 2014, an increase $5.1 million, or 19.5%, relative to the same period in 2013. Segment revenue for the three months ended December 31, 2014 increased $1.3 million, or 4.4%, compared to third quarter, 2014.

Drilling Technologies income from operations of $5.9 million for the three months ended December 31, 2014 increased by $3.2 million, or 112.8%, as compared to the same period of 2013. Income from operations for the segment increased $0.4 million, or 7.1%, compared to the third quarter, 2014.

Revenue for the Production Technologies segment of $5.9 million for the three months ended December 31, 2014 increased by $3.1 million, or 107.5%, from the same period in 2013. Segment revenue for the three months ended December 31, 2014 increased $1.0 million, or 19.5%, compared to third quarter, 2014.

Production Technologies income from operations of $1.3 million increased by $1.0 million, or 280.7%, for the three months ended December 31, 2014 compared to the same period in 2013. Income from operations for the segment decreased $0.3 million, or 16.6%, compared to third quarter, 2014.

CICT revenue of $11.7 million for the three months ended December 31, 2014 decreased $3.2 million, or 21.5%, compared to the same period in 2013. Segment revenue for the three months ended December 31, 2014 decreased $2.0 million, or 14.4%, compared to third quarter, 2014.

Income from operations for the CICT segment of $1.5 million decreased $0.1 million, or 7.4%, for the three months ended December 31, 2014 compared to the same period of 2013. Income from operations for the segment decreased $0.3 million, or 15.2%, compared to third quarter, 2014.


Full Year 2014 - Financial Metrics
Accounts receivable, net of the allowance for doubtful accounts, at December 31, 2014 were $78.6 million, compared to $65.0 million December 31, 2013. The Company's allowance for doubtful accounts was 1.1% of accounts receivable at December 31, 2014.

Depreciation and amortization expense not included in gross margin, for the year ended December 31, 2014 increased by $2.5 million, or 33.9% from the prior corresponding period. This increase was primarily attributable to the depreciation and amortization of assets recognized as part of the acquisition of Florida Chemical in the second quarter of 2013 and the acquisition of EOGA in the first quarter of 2014.

Interest expense decreased $0.5 million for the year ended December 31, 2014 compared to the prior corresponding period.

During the fourth quarter Flotek repurchased 621,726 shares of its common stock at an average price of $16.74 per share for an aggregate total of approximately $10.4 million. The repurchase was made pursuant to a $25 million share repurchase program authorized by the Company's Board of Directors in November, 2012.

"Not only did Flotek post record growth in 2014, it did so while continuing to improve its financial position, especially its balance sheet," added Chisholm. "We continue to generate significant cash and, even with our meaningful share repurchases in December, remain well positioned to prudently allocate capital as opportunities arise. We continue to be disciplined in our approach to reinvesting capital, looking for opportunities that will continue our commitment to strategic investments that stand in support of Flotek's goals of remaining an energy technology leader as well as adding value for our shareholders. We will continue to consider all opportunities that we believe create durable value across the pricing cycle."

"The power of Flotek's cash generation ability is persuasively demonstrated in our recent decision to repurchase Flotek stock," opined Chisholm. "While we repurchased $10.4 million of Flotek shares in December, we ended the year with a balance on our revolving credit facility of about $8.5 million, a clear sign that we continued, even as the market began to slow, to generate significant cash from operations."

Flotek also continued to improve productivity during 2014. Revenue generation per employee increased by approximately 12% compared to year-ago levels and operating income per employee increased by nearly 22%.

"The success of Flotek is a direct result of the people of Flotek and we are fortunate to have assembled one of the most productive teams in our business," said Chisholm. "While we understand the challenges ahead, I remain optimistic about Flotek's future as I am confident my colleagues will embrace the challenges – as they have in the past – and find ways to maximize value for all our stakeholders, remaining a top-performing energy technology company at every point in the cycle."


Project Updates
The introduction of FracMax, Flotek's proprietary, patent-pending analytical software, has provided the Company with a dynamic tool to demonstrate the efficacy of the Company's CnF completion chemistries. As a result of FracMax, the Company has converted approximately 20 exploration companies from validation clients to ongoing commercial users. Currently, the Company has an additional 15-20 companies in the process of conducting or planning validations. Data provided by FracMax Analytics indicates that, of the wells cataloged, CnF completion chemistries have been used by 234 unique operators.

"Our FracMax software technology provides conclusive evidence that our Complex nano-Fluid suite of completion chemistries provides compelling economic benefits to production companies," added Chisholm. "Regardless of the position of the cycle, the economic value of Flotek's completion chemistries is compelling given the empirical data available through FracMax, now a hallmark of our growth strategy in the coming year and beyond. We are confident as more producers become aware of the economic benefit of CnF chemistries, the value creation impact will accelerate meaningfully."

Flotek also announced the introduction of FracMax Canada with approximately 10,000 wells. The Company's penetration into Canada continues to accelerate with nearly every Canadian-based pressure pumping company now pumping CnF completion chemistries in a number of projects.

"We believe FracMax, in just its first year, is quickly being recognized as the premier analytical tool in determining optimal completion methods," added Chisholm. "Our ability to run virtually limitless production comparisons through our FracMax Analytics subsidiary is not only helping our clients better understand the compelling benefit of using CnF chemistry in the completion process but also assisting clients in developing a better understanding of completion best practices through an analysis of data derived from the FracMax database."

Recently, Flotek announced plans to begin construction of a new 50,000-plus square foot global research and innovation headquarters in Houston. The state-of-the-art facility will bring all of Flotek's scientists under one roof and provide unprecedented access to the Company's theoretical and applied research to Flotek's clients. The facility is expected to be completed early in 2016.

The Company continues to work with a major operator in the Bakken to validate the efficacy of the use of CnF in unconventional formation recompletions. Due to weather and mechanical issues, completion of the project is taking longer than initially expected. While early indications suggest Flotek's chemistry is performing as expected, formal results are now expected later in the first quarter.

Flotek also continues the process of validation of its MicroSolutions chemistry for use with Saudi Aramco. Laboratory work is being completed and the initial well testing is imminent. The Company expects to discuss the results of the trial as soon as practical.

Also on the international front, Flotek initiated land preparation on its chemistry blending facility in Oman through Flotek Gulf, LLC, a joint venture with Gulf Energy, an Omani-based integrated oilfield service company. Permitting and construction should begin in the coming weeks.

"We remain very constructive on our international chemistry business," added Chisholm. "While commodity prices will have an impact on activity around the globe, Middle Eastern markets do not appear to have reacted as severely as domestic markets. Discussions with our partners and, in turn, their customers suggest a plethora of opportunities to grow our business in the coming months."

In Drilling Technologies, Flotek continues to introduce new technologies in the market to address the needs of more complex horizontal and directional drilling projects. During 2014, Flotek continued to improve its Stemulator offering, the Company's axial vibration technology that improves the rate of penetration in horizontal drilling. The company now has approximately 100 unique tools to be deployed across basins.

In addition, during the fourth quarter, Flotek began commercial testing of TelePulse™, its Measurement While Drilling ("MWD") tool for use in the lateral section of horizontal wells. The Company expects TelePulse to be fully commercial in the first-half of 2015. The Company's core Teledrift® MWD technology continues to be the standard-bearer in vertical applications, experiencing meaningful growth – including key international adoptions - throughout 2014.

"We are very pleased with the performance of our Drilling Technologies segment over the past twelve months," added Chisholm. "Not only did we experience solid margin growth over the year, the fourth quarter provided the highest quarterly gross margins in 2014. While we are cognizant of the challenges ahead, we believe the commercialization of the Stemulator and TelePulse do provide new added-value technologies that will somewhat offset an expectation of reduced demand for commoditized tools as the rig count moderates. We will be especially vigilant in watching drilling technologies costs during periods of uncertainty and volatility."

The Company's Production Technologies segment continues its successful retooling which is beginning to yield results. Flotek saw steady growth in rod pump and hydraulic lifting sales during the year as well as international sales of Petrovalve. During the second-half of the year, the Company opened its Denver office which will serve as the headquarters of the Production Technologies segment as well as a service office in Vernal, Utah.

"We believe Production Technologies is well positioned and could provide positive surprises in the coming year," said Chisholm. "With the market downturn, we will continue to look for strategic opportunities that will provide technological advantages at value prices. Our focus on niche technologies and superior service should provide Flotek with opportunities to grow this business even in the current market environment and emerge as a significant player when the market cycle accelerates."

"2014 was a transformational year for Flotek, proving that innovative technologies do make a difference in the oil patch and that a focus on detail and strong financial position do serve to create value for our stakeholders," added Chisholm. "While we know we face significant headwinds and uncertainty in the weeks and months ahead, our balance sheet and portfolio of proprietary, added-value technologies will provide, we believe, remarkable opportunities to add value for our clients and, in turn, our shareholders. We will be vigilant in rationalizing expense in this market environment but, at the same time, will be opportunistic in our quest to create value – both intrinsically and, where appropriate, extrinsically – through a focus on the right technologies with the right people in our pursuit to make certain we remain at the forefront of creating positive economic impact for our clients."
Antwort auf Beitrag Nr.: 48.940.007 von DJHLS am 30.01.15 22:33:06so wie ich das verstehe, beliefern sie Schlumberger, Halliburton &Co.
(siehe Seiten 5,6 & 17 von http://www.flotekind.com/Assets/20141203-cowen.pdf);

zum Wettbewerb finde ich nichts, nicht mal in den beiden 10k von heute und letztem Jahr steht ein konkreter Name, nur allgemeines blabla
Antwort auf Beitrag Nr.: 47.875.667 von R-BgO am 25.09.14 16:26:12
Zitat von R-BgO: zu 3,5x verkauft...


leider nur geringe Stückzahl



ach ja, seit heute wieder drin mit einer halben Position zu $16,21

auf die habe ich einen Jan2016 short-call mit strike 17,50 verkauft für $2,05


über die gleiche Stückzahl habe ich Jan2016 einen short-put mit strike 15$ verkauft zu $2,10;


damit profitiere tendenziell davon, wenn wenig passiert:

pro Kontrakt habe ich eingesetztes Kapital von 1.621+1.500-205-210 = $2.706

wenn der Kurs am Ende über 17,50 steht, dann bleiben 1.500+1.750 = 3.250 übrig => Rendite 20,1%
wenn der Kurs am Ende unter 15,00 steht, dann habe ich einen Durchschnittseinstand von 2.706/200 = $13,53 (also 16,5% Rabatt auf den heutigen Kurs)

und dazwischen ist es auch ok
Antwort auf Beitrag Nr.: 48.940.184 von R-BgO am 30.01.15 23:05:22
Zitat von R-BgO: so wie ich das verstehe, beliefern sie Schlumberger, Halliburton &Co.
(siehe Seiten 5,6 & 17 von http://www.flotekind.com/Assets/20141203-cowen.pdf);

zum Wettbewerb finde ich nichts, nicht mal in den beiden 10k von heute und letztem Jahr steht ein konkreter Name, nur allgemeines blabla


Hmm. Was können die, was Schlumbeerger und Halliburton nicht können? Wenn Flotek quasi ein Monopolist wäre und SLB, HAL und andere auf die Produkte von Flotek angewiesen wären, müßte das für gesicherte Margen sorgen.
Antwort auf Beitrag Nr.: 48.942.506 von DJHLS am 31.01.15 13:18:06Sie geben sich zumindest so, als ob Ihre Chemikalien "proprietary" und "patented" wären;

außerdem scheint die Kombi mit der "Frac-Max" Software was zu bringen: sie verwenden "operator-published-data" von inzwischen 75.000 wells, anhand derer sie die wirtschaftlichen Vorteile ihrer Produkte "nachweisen" können.

Der Call hier ist von letzter Woche und gibt ein paar Einblicke: http://www.oilandgas360.com/tosc-webcast/ftk/


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