RPC reports Q3 2022 net income $69.3M, EPS $0.32; revenue $459.6M up 22.4% QoQ

RPC INC

2022-Q3 EPS reported $0.61 revenue$1,119,732,000

Net income $69.3M, diluted EPS $0.32; vs Q2 2022 net income $46.9M, EPS $0.22.
Revenue $459.6M, +22.4% QoQ; driven by higher activity, pricing, and job mix.
EBITDA $113.0M, +40.3% vs Q2 2022; operating profit $92.2M.
Technical Services rev $435.8M, op profit $89.5M; Support Services rev $23.8M, op profit $5.3M.
Management notes strong demand into early 2023; possible seasonal Q4 slowdown.

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