Flotek Industries Q2 Profit Down 10%, Expects Higher FY25 Revenue and Adjusted EBITDA

Flotek Industries reported a 10% decrease in Q2 net income to $1.77 million, primarily due to non-recurring fees and higher interest expense. However, adjusted EBITDA and revenue improved, with a 113% increase to $9.45 million and a 26% increase to $58.35 million, respectively. For FY25, the company expects total revenue of $200-220 million, representing a 12% growth, and adjusted EBITDA of $34-39 million, an 80% improvement from last year.