Flotek Industries, Inc. (NYSE:FTK) Q4 2022 Earnings Call Transcript

Ryan Ezell: That is 100%. And I mentioned in my comments, it was impacting the overall business that allows us to locally blend, consolidate materials, deliver, buy off rail spurs, et cetera. And so it helps to grow from all aspects of the business, including supporting our JP3 operations.

Jeff Robertson: So it’s cost benefit plus increased ability to serve more customers. So you get kind of a double benefit from it?

Ryan Ezell: 100%. And that’s a big thing because during the downturns, we consolidated in facilities to help minimize infrastructure costs. And now on this growth part, this significantly improves our ability to service and reduce costs and grow revenue at the same time.

Jeff Robertson: Thank you for taking my follow-up.

Harsha Agadi: Thank you, ladies and gentlemen for your support. I do want to take a minute and thank the investors for their patience. And I do want to thank all the employees for their belief that Flotek is growing and is turning in the right direction. Thank you and goodbye.

Operator: The conference has now concluded. Thank you for attending today’s presentation and you may now disconnect.