Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.23.1
Earnings per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings per Share

NOTE 12. EARNINGS PER SHARE

The calculation of earnings per common share ("EPS") for our Class A common stock is as follows:

 

 

Three Months Ended
March 31,

 

 

 

2023

 

Numerator:

 

 

 

Net income attributable to ProFrac Holding Corp.

 

$

22.0

 

Net income reallocated to dilutive Class A common shares

 

 

0.1

 

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

 

$

22.1

 

 

 

 

 

Denominator:

 

 

 

Weighted average Class A common shares used for basic EPS computation

 

 

54.5

 

Dilutive potential of employee restricted stock units

 

 

0.4

 

Weighted average Class A common shares used for diluted EPS computation

 

 

54.9

 

 

 

 

 

Basic and diluted earnings per Class A common share

 

$

0.40