Revenue and Growth Metrics
Flowco delivered adjusted net income of $32.8 million on revenue of $192 million. Revenue was up approximately 3.4%, while adjusted EBITDA was up 1.5% quarter-over-quarter.
Strong Cash Flow and Debt Reduction
Generated approximately $15 million of free cash flow during the quarter and reduced the debt balance to $176 million.
Investment in High-Return Opportunities
Invested $30 million in high-return opportunities exceeding the ROCE benchmark, with an annualized adjusted ROCE of approximately 18% for the first quarter.
Dividend Declaration
Flowco declared an $0.08 per share dividend, reinforcing its commitment to return value to shareholders.
Domestic Manufacturing Advantage
Flowco's products are manufactured in the United States with a predominantly domestic supply chain, providing a competitive advantage amid tariff concerns.