Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v3.23.1
Earnings per Share
 12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Earnings per Share

12. EARNINGS PER SHARE

Earnings per common share for our Class A Common Stock for the year ended December 31, 2022 was calculated as follows:

 

 

Year Ended December 31,

 

 

 

2022

 

Numerator:

 

 

 

Net income attributable to ProFrac Holding Corp.

 

$

91.5

 

Net income reallocated to dilutive Class A common shares

 

 

0.2

 

Net income attributable to ProFrac Holding Corp. used for diluted earnings per Class A common share

 

$

91.7

 

 

 

 

 

Denominator:

 

 

 

Weighted average Class A common shares used for basic EPS computation

 

 

44.3

 

Dilutive potential of employee restricted stock units

 

 

0.2

 

Weighted average Class A common shares used for diluted EPS computation

 

 

44.5

 

Basic and diluted earnings per Class A common share

 

$

2.06

 

The basic and diluted earnings per share (“EPS”) for the year ended December 31, 2022, represents only the period from the IPO date of May 17, 2022, to December 31, 2022, which represents the period wherein the Company had outstanding Class A common stock.