Flotek Industries, Inc. announced its operational and financial results for the first quarter ended March 31, 2025, marking its strongest quarterly performance in five years across revenue, gross profit, net income, and adjusted EBITDA. This represents the fifth consecutive quarter of growth in these key metrics.
Total revenues for Q1 2025 increased by 37% year-over-year to $55.4 million, up from $40.4 million in Q1 2024. Net income surged by 244% to $5.4 million, compared to $1.6 million in the prior-year quarter, resulting in diluted earnings per share of $0.17. Adjusted EBITDA saw a 93% increase, reaching $7.8 million from $4.0 million in Q1 2024.
The company initiated its 2025 guidance, projecting total revenue between $200 million and $220 million, and adjusted EBITDA between $35 million and $45 million. The midpoint of this guidance implies a 12% increase in revenue and an 80% increase in Adjusted EBITDA compared to 2024, with the Adjusted EBITDA margin expected to reach 17%. The remaining $17.6 million of 2024 contract shortfall fees were offset as consideration in the PowerTech acquisition, and the $0.4 million PPP loan was fully repaid in April 2025.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.