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HOUSTON - Flotek Industries, Inc. (NYSE: FTK), a chemistry and data technology firm serving the energy sector, will become a member of the Russell 3000® Index effective after the US market opens on June 30, 2025. This inclusion follows the company’s remarkable growth trajectory, with InvestingPro data showing a 243% return over the past year and current market capitalization of $434 million. The company has demonstrated strong momentum, with revenue reaching $202 million in the last twelve months.
The annual reconstitution of the Russell US indexes, which took place based on market capitalization data as of April 30, ensures that the largest 4,000 US stocks are ranked and included in the indexes. Flotek’s entry into the Russell 3000® Index guarantees its automatic inclusion in either the large-cap Russell 1000® or small-cap Russell 2000® Index, as well as in the appropriate growth and value style indexes. According to InvestingPro analysis, the company maintains a strong financial health score of "GREAT" and operates with a moderate debt level, though current valuations suggest the stock is trading above its Fair Value.
Dr. Ryan Ezell, CEO of Flotek, remarked on the inclusion as a significant milestone that recognizes the company’s progress and amplifies shareholder value by raising their investment community profile. The company’s financial performance supports this milestone, with InvestingPro data showing positive earnings per share of $0.46 and a healthy current ratio of 2.19, indicating strong liquidity. Discover 12 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
FTSE Russell, a global index provider, maintains the Russell indexes which are essential for investment managers and institutional investors for creating index funds and benchmarking active investment strategies. The indexes are also a benchmark for about $10.6 trillion in assets as of June 2024.
Flotek boasts an intellectual property portfolio with over 130 patents and a global presence in more than 59 countries. The company focuses on sustainable and optimized chemistry and data solutions to minimize the environmental impact of energy production.
The information regarding Flotek’s addition to the Russell 3000® Index is based on a press release statement.
In other recent news, Flotek Industries Inc. reported substantial growth in its Q1 2025 earnings, with revenue increasing by 37% year-over-year. The company experienced a remarkable 24,493% rise in net income compared to the same quarter in 2024, driven by strong performance in its external chemistry and data analytics segments. Flotek also launched new products, including the PowerTech fuel management platform, and expects an 80% growth in adjusted EBITDA for 2025. In addition, Flotek Industries announced the acquisition of real-time gas monitoring assets, which is expected to bolster its market position. Shareholders approved key proposals at the company’s annual meeting, including the election of six directors and amendments to incentive and stock purchase plans. The appointment of KPMG LLP as the independent auditor for fiscal year 2025 was also ratified. Analysts from firms like Johnson Rice noted the significant impact of Flotek’s recent acquisitions and expansions, highlighting the company’s strategic focus on innovation and market expansion.
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