Get alerts:President and Chief Executive Officer Joe Bob Edwards said revenue rose 13% from the first quarter, while adjusted EBITDA increased 10%. The company maintained an adjusted EBITDA margin of roughly 40% during the period. Rental revenue accounted for 56% of quarterly revenue, providing what Edwards described as a high degree of revenue visibility. The increase was led by the downhole-components business, including contributions from Valiant, which Flowco acquired to expand its electrical submersible pump, or ESP, capabilities. Production Solutions adjusted EBITDA margin declined 229 basis points sequentially.