Welcome to our dedicated page for Cactus news (Ticker: WHD), a resource for investors and traders seeking the latest updates and insights on Cactus stock.
Cactus, Inc. (NYSE: WHD) is an oil and gas field machinery and equipment manufacturer whose news flow centers on pressure control equipment, spoolable pipe technologies and corporate developments. Company announcements highlight performance in its two primary segments, Pressure Control and Spoolable Technologies, as well as capital allocation decisions, dividends and balance sheet metrics.
Regular earnings releases provide detailed updates on quarterly revenues, operating income, net income, margins and adjusted EBITDA for each segment. Management commentary often explains how customer activity levels, tariffs, manufacturing efficiency, seasonal patterns and international sales are affecting segment results. These releases also discuss cash flow from operations, capital expenditures, cash balances, credit facility availability and dividend declarations on Class A common stock.
WHD news also includes transaction-related updates. In 2025, Cactus announced a definitive agreement for its subsidiary to acquire a 65% controlling interest in Baker Hughes’ Surface Pressure Control business, followed by the closing of that transaction on January 1, 2026. Related news items describe the strategic rationale for the deal, its expected impact on Cactus’ geographic footprint and revenue profile, and the formation of a joint venture in which Baker Hughes retains a 35% interest.
Investors following Cactus news can expect coverage of quarterly and annual results, dividend decisions, credit facility amendments, investor presentations and material transactions such as the Surface Pressure Control joint venture. This page aggregates those updates so readers can review how Cactus’ Pressure Control and Spoolable Technologies segments, as well as its international surface pressure control activities, are evolving over time.
Cactus, Inc. (NYSE: WHD) announced its third quarter 2022 results, reporting revenue of $184.5 million, a net income of $41.5 million, and diluted earnings per share of $0.51. Adjusted EBITDA rose to $62.7 million with a margin of 34.0%. Product revenue grew by 8.5% sequentially, driven by increased drilling activity. The company maintains a strong cash position of $320.6 million with no bank debt. A quarterly dividend of $0.11 per share will be paid on December 15, 2022. The company forecasts continued growth in the fourth quarter.
Cactus, Inc. (NYSE: WHD) will release its third quarter 2022 earnings on November 7, 2022, before market opening. A conference call to discuss financial and operational results is scheduled for the same day at 9:00 a.m. Central Time. Interested parties can access the call via webcast on the company's website, with availability of an archived version post-call. Cactus specializes in designing and manufacturing wellhead and pressure control equipment for oil and gas wells, along with providing related field services.
Cactus, Inc. (NYSE: WHD) reported strong second-quarter results for 2022, with revenues of $170.2 million and net income of $35.8 million, yielding a net income margin of 21.0%. Adjusted EBITDA reached $55.5 million, representing a margin of 32.6%. Growth was driven by a 19.3% increase in product revenue, attributed to heightened drilling activity. The company's cash balance as of June 30, 2022, stood at $311.7 million with no bank debt. A quarterly dividend of $0.11 per share has been approved, reflecting shareholders' return strategy.
Cactus, Inc. (NYSE: WHD) will announce its second quarter 2022 earnings before market open on August 4, 2022. A conference call will follow at 9:00 a.m. CT to discuss the financial and operational results. Investors can access the call via webcast on the company's website. Cactus specializes in manufacturing and renting wellhead and pressure control equipment, primarily for unconventional oil and gas wells, and also offers field services across key U.S. oil and gas regions and in Australia and Saudi Arabia.
Cactus, Inc. (NYSE: WHD) reported strong financial results for Q1 2022, with revenues of $145.9 million and net income of $27.1 million, reflecting an 18.6% net income margin. Adjusted EBITDA reached $42.3 million, highlighting a 29.0% margin. The company reported a cash balance of $297.7 million and no bank debt. Revenue growth stemmed from improved customer activity and product margins. A quarterly dividend of $0.11 per share was declared, payable on June 16, 2022. Cactus anticipates continued revenue growth across its business lines for Q2 2022.
Cactus, Inc. (NYSE: WHD) announced its first quarter 2022 earnings release will occur after market close on May 4, 2022. The Company will host a conference call to discuss the results on May 5, 2022, at 9:00 a.m. Central Time. Interested parties can access the call via webcast on Cactus' website or by phone. Cactus primarily offers wellhead and pressure control equipment designed for unconventional oil and gas wells, with operations across key U.S. regions and in Saudi Arabia.
Cactus, Inc. (NYSE: WHD) reported Q4 2021 revenues of $129.9 million and net income of $20.4 million, resulting in a net income margin of 15.7%. Adjusted EBITDA reached $36.6 million, with a margin of 28.2%. The board declared a quarterly cash dividend of $0.11 per share. Sequential gains were noted in product and rental revenues, increasing by 11.9% and 25.9%, respectively. As of December 31, 2021, Cactus had a strong cash position of $301.7 million and no bank debt. Expectations for Q1 2022 indicate continued revenue growth driven by robust oilfield activity.
Cactus, Inc. (NYSE: WHD) will release its fourth quarter and full year 2021 earnings on February 28, 2022, before market open. A conference call will follow at 9:00 a.m. CT for discussion of financial results. Interested parties can access the call via webcast at www.CactusWHD.com or by phone. The company specializes in designing, manufacturing, and renting wellhead and pressure control equipment, primarily for unconventional oil and gas wells.
Cactus, Inc. (NYSE: WHD) has announced a quarterly cash dividend increase of $0.11 per share of Class A common stock, marking a 10% rise. The dividend will be paid on March 17, 2022, to shareholders of record as of the close of business on February 28, 2022. This reflects the company's strong financial position, bolstered by a robust balance sheet and substantial free cash flow generation, allowing it to continue returning capital to shareholders.
Cactus, Inc. (NYSE: WHD) announced its Q3 2021 financial results, reporting revenue of $115.4 million, a 6% increase from the previous quarter. Net income reached $17.2 million with diluted earnings per share of $0.21. Adjusted EBITDA was $32.0 million with a margin of 27.7%. The company maintained a strong cash balance of $302 million and has no bank debt. A quarterly dividend of $0.10 per share was declared, payable on December 16, 2021. CEO Scott Bender expressed optimism for continued growth and market share gains amid inflationary pressures.