earnings
confidence high
sentiment positive
materiality 0.70
Flowco reports FY2024 pro forma revenue $733M, up 10% YoY; Q4 Adj. EBITDA $73.8M
Flowco Holdings Inc.
- Pro forma revenue $733.3M in 2024 (+10% YoY); Q4 revenue $186.0M, net income $22.3M.
- Q4 Adjusted EBITDA $73.8M (margin 39.7%); FY2024 Adjusted EBITDA $223.7M (margin 41.8% vs 50.3%).
- IPO in Jan 2025: 20.47M shares, net proceeds $461.8M used to pay down revolver debt.
- Innovation highlights: eGrizzly electric HPGL unit, SurgeFlow lubricator, VRX vapor recovery unit.