ProFrac Holding Corp. Reports Third Quarter 2024 Results
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ProFrac Holding Corp. reported its third quarter 2024 financial results, showing a slight decrease in revenue and a reduced net loss compared to the previous quarter. The company achieved a net loss of $43.5 million, improved from a $65.6 million loss in Q2. Revenue was $575.3 million, down from $579.4 million in Q2. Adjusted EBITDA was $134.8 million, and free cash flow was $30.9 million.
November 05, 2024 | 12:30 pm
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ProFrac Holding Corp. reported a slight decrease in revenue for Q3 2024, with a reduced net loss compared to Q2. The company continues to improve operational efficiency despite a challenging market.
ProFrac's Q3 2024 results show a slight revenue decrease but an improved net loss, indicating better cost management. The operational efficiency improvements are positive, but the challenging market may limit short-term stock price impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100