Cactus

Cactus, Inc. is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. Its products include Cactus SafeDrill wellhead systems as well as frac stacks, Cactus SafeLink monobore, SafeClamp and SafeInject systems. It also offers field services for its products and rental items to assist with the installation, maintenance, and handling of the wellhead and pressure control equipment. The company was founded in August 2011 and is headquartered in Houston, TX.

Earnings data Q1 2024

WHD reports record Q1 earnings driven by FlexSteel acquisition

WHD's Q1 earnings call highlighted strong financial performance, driven by the FlexSteel acquisition, while also addressing challenges in international expansion and customer overlap. The company's strengths in maintaining market share and gross margins were evident, with opportunities for further growth through international expansion and leveraging the acquisition.

WHD reports record Q2 revenue, eyes Middle East growth opportunities

WHD's Q2 performance was strong, with record revenue and adjusted EBITDA. While challenges lie ahead, opportunities in market penetration and revenue growth in the Middle East present potential for future success. The company's cautious approach to guidance and resilience in maintaining revenue levels amidst market declines are notable.

WHD reports robust Q3 performance, anticipates challenges but eyes growth

WHD's Q3 performance demonstrated resilience and financial discipline, with a focus on debt reduction and shareholder returns. While facing challenges in specific product segments, the company remains optimistic about opportunities in U.S. land drilling activity and upcoming product enhancements.

WHD (WHD) reports robust Q4 earnings, eyes international expansion for growth

WHD (WHD) delivered strong financial performance in Q4 2023, with a focus on margin improvement and revenue growth. While facing challenges in Q1 2024, the company aims to capitalize on opportunities through new product introductions and international expansion. Overall, WHD (WHD) is strategically positioned to drive growth and enhance shareholder returns.

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Cactus, Inc. is a holding company, which engages in the design, manufacture and sale of wellhead and pressure control equipment. It operates through Pressure Control and Spoolable Technologies segments. The Pressure Control segment designs, manufactures, sells and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipe and associated end fittings under the FlexSteel brand. The company was founded in August 2011 and is headquartered in Houston, TX.

ConocoPhillips

Investors interested in Oil and Gas - Integrated - United States stocks are likely familiar with ConocoPhillips (COP) and Cactus, Inc. (WHD). But which of these two companies is the best option for those looking for undervalued stocks?

COP vs. WHD: Which Stock Is the Better Value Option?

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2024 earnings release after market close on Wednesday, May 1, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, May 2, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be webcast on Cactus' website at www.CactusWHD.com. Please access the webcast at least 10 minutes ahead of the start time.

Cactus Announces Timing of First Quarter 2024 Earnings Release and Conference Call

Cactus (WHD) reported earnings 30 days ago. What's next for the stock?

Cactus (WHD) Up 9.1% Since Last Earnings Report: Can It Continue?

Atlas Energy Solutions Inc

Investors looking for stocks in the Oil and Gas - Integrated - United States sector might want to consider either Atlas Energy Solutions Inc. (AESI) or Cactus, Inc. (WHD). But which of these two stocks is more attractive to value investors?

AESI vs. WHD: Which Stock Is the Better Value Option?

Cactus' (WHD) Q4 earnings top estimates. The firm expects U.S. land activity levels to remain relatively stable in the first quarter of 2024.

Cactus (WHD) Q4 Earnings Beat on Spoolable Technologies

Although the revenue and EPS for Cactus, Inc. (WHD) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Cactus, Inc. (WHD) Q4 Earnings: A Look at Key Metrics

Cactus, Inc. (WHD) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.57 per share a year ago.

Cactus, Inc. (WHD) Q4 Earnings and Revenues Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the fourth quarter and full year of 2023. Fourth Quarter Highlights Revenue of $274.9 million and operating income of $78.6 million; Net income of $62.1 million and diluted earnings per Class A share of $0.74; Adjusted net income(1) of $65.1 million and diluted earnings per share, as adjusted(1) of $0.81; Net income margin of 22.6% and adjusted net income margin(1).

Cactus Announces Fourth Quarter and Full Year 2023 Results

Lower demand for engineered pressure control and spoolable pipe technologies is likely to have hurt Cactus' (WHD) Q4 earnings to some extent.

Cactus (WHD) Gears Up for Q4 Earnings: What's in Store?

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HAFC, AVTR and WHD have been added to the Zacks Rank #5 (Strong Sell) List on February 20, 2024.

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AGRO, BOOT and WHD have been added to the Zacks Rank #5 (Strong Sell) List on February 16, 2024.

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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its fourth quarter and full year 2023 earnings release after market close on Wednesday, February 28, 2024. The Company will host a conference call to discuss financial and operational results on Thursday, February 29, 2024 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be webcast on Cactus' website at www.CactusWHD.com. Please access the webcast at least 10 minut.

Cactus Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Equitrans Midstream

Investors with an interest in Oil and Gas - Integrated - United States stocks have likely encountered both Equitrans Midstream (ETRN) and Cactus, Inc. (WHD). But which of these two stocks offers value investors a better bang for their buck right now?

ETRN vs. WHD: Which Stock Should Value Investors Buy Now?

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus”) today announced that its Board of Directors approved the payment of a quarterly cash dividend of $0.12 per share of Class A common stock with payment to occur on March 14, 2024 to holders of record of Class A common stock at the close of business on February 26, 2024. A corresponding distribution of up to $0.12 per CC Unit has also been approved for holders of CC Units of Cactus Companies, LLC. Declarations of any dividends in the fu.

Cactus Announces Quarterly Cash Dividend

Cactus, Inc. (WHD) reported earnings 30 days ago. What's next for the stock?

Why Is Cactus, Inc. (WHD) Down 5.9% Since Last Earnings Report?

Declining revenues from both segments, resulting from lower customer drilling activities, hurt Cactus' (WHD) earnings in Q3.

Cactus (WHD) Q3 Earnings Miss Estimates, Revenues Beat

Cactus, Inc. (NYSE:WHD ) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Alan Boyd - Director of Corporate Development and Investor Relations Scott Bender - Chairman and Chief Executive Officer Steve Tadlock - Chief Financial Officer and Chief Executive Officer of FlexSteel Conference Call Participants Scott Gruber - Citigroup David Anderson - Barclays Kurt Hallead - Benchmark Stephen Gengaro - Stifel Operator Good day, and thank you for standing by. Welcome to the Cactus, Inc. Quarter Three Earnings Call.

Cactus, Inc. (WHD) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Cactus, Inc. (WHD) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Cactus, Inc. (WHD) Q3 Earnings

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the third quarter of 2023. Third Quarter Highlights Revenue of $287.9 million and operating income of $87.6 million; Net income of $68.0 million and diluted earnings per Class A share of $0.80; Adjusted net income(1) of $63.8 million and diluted earnings per share, as adjusted(1) of $0.80; Net income margin of 23.6% and adjusted net income margin(1) of 22.2%; Adjust.

Cactus Announces Third Quarter 2023 Results

Investors with an interest in Oil and Gas - Integrated - United States stocks have likely encountered both ConocoPhillips (COP) and Cactus, Inc. (WHD). But which of these two stocks offers value investors a better bang for their buck right now?

COP vs. WHD: Which Stock Should Value Investors Buy Now?

Cactus, Inc. (WHD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cactus, Inc. (WHD) Reports Next Week: Wall Street Expects Earnings Growth

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the Board of Directors has appointed Stephen Tadlock, currently Executive Vice President and Chief Financial Officer of Cactus, as the CEO of the Spoolable Technologies segment (“FlexSteel”). Mr. Tadlock has served as Executive Vice President and Chief Financial Officer of Cactus since 2019. Previously he served as Vice President and Chief Administrative Officer and as Vice President of Corporate Serv.

Cactus Announces Executive Leadership Transition

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its third quarter 2023 earnings release after market close on Wednesday, November 8, 2023. The Company will host a conference call to discuss financial and operational results on Thursday, November 9, 2023 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time). The call will be webcast on Cactus' website at www.CactusWHD.com. Please access the webcast at least 10 minutes ahead of the s.

Cactus Announces Timing of Third Quarter 2023 Earnings Release and Conference Call

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Here's Why Cactus, Inc. (WHD) is a Strong Growth Stock

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New investors often misinterpret oversold signals from the relative strength index (RSI) as a buy signal. However, an oversold signal is only a sign of where to look.

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