Cactus Announces First Quarter 2024 Results
Cactus, Inc. Class A (WHD)
Last cactus, inc. class a earnings: 4/29 05:10 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2024.First Quarter HighlightsRevenue of $274.1 million and operating income of $62.6 million;Net income of $49.8 million and diluted earnings per Class A share of $0.59;Adjusted net income(1) of $59.6 million and diluted earnings per share, as adjusted(1) of $0.75;Net income margin of 18.2% and adjusted net income margin(1) of 21.7%;Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $95.3 million and 34.8%, respectively;Cash flow from operations of $86.3 million;Cash and cash equivalents balance of $194.3 million with no bank debt outstanding as of March 31, 2024;Expense related to the remeasurement of the FlexSteel earn-out liability of $13.3 million, bringing the total estimated payment amount in the third quarter of 2024 to $34.1 million; andIn May 2024, the Board of Directors declared a quarterly cash dividend of $0.12 per Cla
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WHD
Earnings
- 5/1/24 - Beat
WHD
Sec Filings
- 5/14/24 - Form 8-K
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- WHD's page on the SEC website