ProFrac Holding Reports Q3 Revenue Growth and Improved Free Cash Flow
ProFrac Holding (ACDC) reported third-quarter revenue of $511.1 million, representing a 26.8% increase compared to the same period last year. While the company recorded a net loss of $74 million, this reflects an improvement over the $92.4 million net loss reported in the prior year's third quarter. The company showed significant operational strength with adjusted EBITDA rising 59.9% year-over-year to $65.4 million. Most notably, ProFrac transitioned to positive free cash flow of $13.5 million, a substantial turnaround from the negative $29.2 million reported in the previous year.
Tickers: $ACDC
Topics: cash flow generation EBITDA improvement net loss reduction revenue growth