Short answer
FLOTEK INDUSTRIES INC/CN/ (FTK) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results for quarter ended March 31, 2026 furnished in Exhibit 99.1.
FLOTEK INDUSTRIES INC/CN/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results for quarter ended March 31, 2026 furnished in Exhibit 99.1
- 2026 financial guidance initiated, providing investors with management’s forward outlook
- Conference call announced to discuss quarterly financial and operating performance
Item 7.01 · Regulation FD Disclosure
- Reg FD disclosure disclaimer limiting Exchange Act liability for the furnished information
- Information excluded from incorporation by reference into other Securities Act or Exchange Act filings
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $70.1M, up 27%, with Adjusted EBITDA $9.1M, up 44%, indicating strong operating leverage
- Data Analytics revenue surged 295% to $10.4M, contributing 50% of gross profit and potentially overtaking Chemistry in 2026
- Q2–Q4 expected backlog reached $34.1M, while three-year expected backlog exceeded $90M, led by power services contracts
- 2026 guidance calls for revenue of $270M–$290M and Adjusted EBITDA of $36M–$41M
- Net income declined 13% to $4.7M and diluted EPS fell 29% to $0.12, pressured by higher interest and tax expense
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