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Stock impact report

Cactus Announces First Quarter 2024 Results [Yahoo! Finance]

Cactus, Inc. Class A (WHD) 
Last cactus, inc. class a earnings: 4/29 05:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
First Quarter Highlights Revenue 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 of $59.6 million and diluted earnings per share, as adjusted of $0.75; Net income margin of 18.2% and adjusted net income margin of 21.7%; Adjusted EBITDA and Adjusted EBITDA margin 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; and In May 2024, the Board of Directors declared a quarterly cash dividend of $0.12 per Class A share. Financial Summary Three Months Ended March 31, December 31, March 31, (in thousands) Revenues Operating income Operati Show less Read more
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