ProFrac Holding Corp. Reports First Quarter 2024 Financial and Operational Results [Yahoo! Finance]
ProFrac Holding Corp. - Class A (ACDC)
Company Research
Source: Yahoo! Finance
First Quarter 2024 Results Total revenue grew approximately 19% sequentially to $581.5 million over the fourth quarter revenue of 2023 Net income was $3.0 million compared to a net loss of $96.5 million in the fourth quarter of 2023 Adjusted EBITDA grew approximately 46% sequentially over the fourth quarter to $159.7 million Net cash provided by operating activities grew approximately 85% sequentially over the fourth quarter to $79.1 million Capital expenditures totaled $59.9 million Free cash flow grew 102% sequentially to $25.8 million Matt Wilks , ProFrac's Executive Chairman, stated, "We are very pleased with our first quarter results, which demonstrate meaningful progress on the strategic initiatives we began emphasizing in the back half of 2023. ProFrac's greater scale, utilization and efficiencies are demonstrated by lower costs and higher profitability. As we outlined on our previous earnings call and as shown by these results, we deployed a substantial number o
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News
- ProFrac Holding CFO Lance Turner to resign [Seeking Alpha]Seeking Alpha
- ProFrac Holding Corp. Announces CFO Transition [Yahoo! Finance]Yahoo! Finance
- ProFrac Holding Corp. Announces CFO TransitionPR Newswire
- ProFrac Holding First Quarter 2024 Earnings: EPS: US$0.011 (vs US$0.40 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- ProFrac Holding Corp. Reports First Quarter 2024 Financial and Operational ResultsPR Newswire
ACDC
Earnings
- 5/9/24 - Beat
ACDC
Sec Filings
- 6/25/24 - Form 3
- 6/14/24 - Form 8-K
- 6/7/24 - Form 8-K
- ACDC's page on the SEC website