Flotek Industries Reschedules First Quarter Earnings Release Date and Conference Call Schedule Due to Breaking Industry Events
HOUSTON, May 2, 2016 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK - News) (“Flotek” or the “Company”) this morning announced that due to breaking industry events the Company has chosen to reschedule its first quarter earnings release and conference call.
Flotek will now host a conference call on Wednesday, May 4, 2016, at 7:30 a.m. CDT (8:30 a.m. EDT) to discuss its financial and operating results for the three-months ended March 31, 2016. Flotek intends to provide dial-in information through a press release on May 3, 2016.
Flotek plans to file its 10-Q after the market close on Tuesday, May 3, 2016. In addition, the Company will provide additional details regarding operating results in a press release after the market close on May 3, 2016.
“With the major announcement over the weekend and subsequent conference calls now scheduled for tomorrow, it is appropriate for Flotek to push our conference call back a day to allow investors to focus on these events,” said John Chisholm, Chairman, President and Chief Executive Officer of Flotek. “We also look forward to the additional industry color likely to result from these calls, working with both clients as independent companies in the future and visiting with the investment community on Wednesday morning.”
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.
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 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. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company's ability to obtain financing to support its operations, environmental and other casualty risks, and the impact of government regulation.
Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filings on Form 10-K (including without limitation in the "Risk Factors" Section), 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.