ProFrac Holding (NASDAQ:ACDC) First Quarter 2024 Results

Key Financial Results

• Revenue: US$581.5m (down 32% from 1Q 2023).
• Net income: US$1.80m (down 92% from 1Q 2023).
• Profit margin: 0.3% (down from 2.6% in 1Q 2023).
• EPS: US$0.011 (down from US$0.40 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ProFrac Holding Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are up 20% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ProFrac Holding you should know about.

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