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Cactus Inc. (WHD) is a leading designer and manufacturer of wellheads and pressure control systems for onshore oil and gas operations. This page provides investors and industry professionals with direct access to the company’s official announcements, financial disclosures, and operational developments.
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Cactus reported strong Q1 2025 financial results with revenue of $280.3 million and net income of $54.1 million. The company achieved a net income margin of 19.3% and adjusted EBITDA of $93.8 million with a 33.5% margin.
Key highlights include diluted earnings per Class A share of $0.64, strong cash position of $347.7 million with no bank debt, and a declared quarterly dividend of $0.13 per share. The company's Pressure Control segment saw a 7.7% sequential increase in revenue, while Spoolable Technologies experienced a 3.6% decrease.
CEO Scott Bender anticipates headwinds in Q2 2025, expecting U.S. land rig count decline due to lower commodity pricing and uncertain global economic outlook. The company is actively addressing tariff-related challenges through supply chain diversification, including accelerating production from Vietnam. Capital expenditure guidance for 2025 has been reduced to $40-50 million.
Cactus (NYSE: WHD) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 financial results after market close on Wednesday, April 30, 2025. A conference call to discuss the results will be held the following day on Thursday, May 1, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be accessible via webcast on the company's website at www.CactusWHD.com, with recommended access at least 10 minutes before the start time. An archived version of the webcast will be made available shortly after the call concludes.
Cactus (NYSE: WHD) reported its Q4 and full year 2024 financial results, with Q4 revenue of $272.1 million and operating income of $70.5 million. The company achieved a net income of $57.4 million with diluted earnings per Class A share of $0.68. Q4 highlights include adjusted EBITDA of $92.7 million with a 34.1% margin and operating cash flow of $66.6 million.
The company maintains a strong financial position with $342.8 million in cash and no bank debt. The Board declared a quarterly dividend of $0.13 per Class A share for January 2025. Both business segments showed mixed performance, with Pressure Control segment revenue declining 4.5% sequentially, while Spoolable Technologies revenues decreased 11.2% due to seasonal slowdowns.
Looking ahead to Q1 2025, management expects U.S. land activity levels to remain unchanged from Q4 2024, with flat to slightly higher Pressure Control revenues and softer Spoolable Technologies performance.
Cactus (NYSE: WHD) has announced it will release its fourth quarter and full year 2024 earnings after market close on Wednesday, February 26, 2025. The company will hold a conference call to discuss financial and operational results on Thursday, February 27, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be webcast on the company's website, with an archived version available shortly after the call concludes.
Cactus (NYSE: WHD) has announced a quarterly cash dividend payment approved by its Board of Directors. Shareholders of Class A common stock will receive $0.13 per share, with the payment scheduled for March 20, 2025. Stockholders must be on record by the close of business on March 3, 2025 to be eligible.
Additionally, holders of CC Units of Cactus Companies, will receive a corresponding distribution of up to $0.13 per CC Unit. The company notes that future dividend declarations and amounts will require Board approval.
Cactus (NYSE: WHD) reported Q3 2024 financial results with revenue of $293.2 million, up from $290.4 million in Q2. Net income was $62.4 million with diluted earnings per Class A share of $0.74. The company achieved an operating income of $76.8 million and Adjusted EBITDA of $100.4 million with a 34.2% margin. Cash flow from operations reached $85.3 million, with cash and cash equivalents of $303.4 million and no bank debt. The Board declared a quarterly cash dividend of $0.13 per Class A share.
Cactus, Inc. (NYSE: WHD) has announced the timing for its third quarter 2024 earnings release and conference call. The company will release its earnings report after market close on Wednesday, October 30, 2024. Following this, Cactus will host a conference call to discuss the financial and operational results on Thursday, October 31, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
Investors and interested parties can access the webcast of the call on the company's website at www.CactusWHD.com. It is recommended to connect at least 10 minutes before the start time to ensure proper connection. An archived version of the call will be made available on the company's website shortly after its conclusion.
Cactus (NYSE: WHD) reported strong Q2 2024 results with revenue of $290.4 million and operating income of $79.8 million. The company achieved a net income of $63.1 million and diluted earnings per Class A share of $0.75. Adjusted EBITDA was $103.6 million with a 35.7% margin. Cactus maintained a strong financial position with $246.5 million in cash and no bank debt. The Board approved an 8% increase in the quarterly dividend to $0.13. The Pressure Control segment saw increased revenue due to higher customer drilling efficiencies, while Spoolable Technologies benefited from increased activity levels and lower input costs.
Cactus (NYSE: WHD) has announced the timing for its second quarter 2024 earnings release and conference call. The company will release its Q2 2024 earnings after market close on Wednesday, July 31, 2024. A conference call to discuss the financial and operational results is scheduled for Thursday, August 1, 2024, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). Investors and interested parties can access the webcast on the company's website at www.CactusWHD.com. It is recommended to connect at least 10 minutes before the start time to ensure proper connection. An archived version of the call will be available on the website shortly after its conclusion.
Cactus (NYSE: WHD) has announced the appointment of Jay Nutt as Executive Vice President, Chief Financial Officer, and Treasurer, effective June 3, 2024.
Mr. Nutt brings extensive financial leadership experience, having served as Senior Vice President and CFO of ChampionX and its predecessor Apergy from 2018 to 2021.
He held various financial leadership roles at TechnipFMC plc and FMC Technologies, including Senior Vice President and Controller.
Mr. Nutt has degrees in accounting from Michigan State University and an MBA from Loyola University of Chicago.
Scott Bender, CEO and Chairman of Cactus, expressed confidence that Nutt's experience will benefit the company.
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