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 Q3 2023

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Why Cactus, Inc. (WHD) is a Top Growth Stock for the Long-Term

Cactus is facing challenges in the energy industry downturn, particularly in its Pressure Control segment. Inflationary pressures on input costs are receding, and supply chain diversification can lower WHD's cost structure. It has increased dividend and repaid debt related to the FlexSteel acquisition.

Cactus Is Sufficiently Balanced To Absorb The Topline And Margin Pressure

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

Cactus, Inc. (WHD) Up 7.5% Since Last Earnings Report: Can It Continue?

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

Stock Of The Day: WHD stock is 3% below an entry point, as oil stocks provide a backstop vs. the market correction.

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Cactus, Inc. (NYSE:WHD ) Q2 2023 Earnings Call Transcript August 8, 2023 10:00 AM ET Company Participants Alan Boyd - Director of Corporate Development and IR Scott Bender - Chairman and CEO Steve Tadlock - CFO TS - CEO, FlexSteel Conference Call Participants Stephen Gengaro - Stifel David Anderson - Barclays Kurt Hallead - Benchmark Saurabh Pant - Bank of America Operator Good day, and thank you for standing by. Welcome to the Cactus Second Quarter 2023 Earnings Conference Call.

Cactus, Inc. (WHD) Q2 2023 Earnings Call Transcript

Cactus' (WHD) Q2 earnings benefit from increased customer drilling activities.

Cactus (WHD) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Cactus, Inc. (WHD) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.44 per share a year ago.

Cactus, Inc. (WHD) Q2 Earnings and Revenues Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the second quarter of 2023. Second Quarter Highlights Revenue of $305.8 million and operating income of $48.5 million; Net income of $32.5 million and diluted earnings per Class A share of $0.38; Adjusted net income(1) of $67.3 million and diluted earnings per share, as adjusted(1) of $0.84; Net income margin of 10.6% and adjusted net income margin(1) of 22.0%; Adju.

Cactus Announces Second Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its second quarter 2023 earnings release after market close on Monday, August 7, 2023. The Company will host a conference call to discuss financial and operational results on Tuesday, August 8, 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 start ti.

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

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Cactus, Inc. has shown impressive growth in 2023, with revenues increasing by 57% YoY, largely due to higher drilling activity and the acquisitions of FlexSteel. WHD has a global footprint in the oil industry, with a strong presence in North America and Australia and growing influence in the Middle East and Latin America. Despite recent share price decline, the company's strong cash flows, robust operational performance, and the announcement of a $150 million buyback program make WHD an attractive investment opportunity.

Cactus, Inc.: A Growth Story As Margin Expands Rapidly

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Cactus (WHD) declares that its board of directors approved repurchase of shares of up to $150 million. The company also raises its Q2 guidance across segments.

Cactus (WHD) Rises 7% on $150M Buyback & Strong Q2 Guidance

Cactus NYSE: WHD expected the acquisition of Flexsteel to be accretive in the first year, and the execs were more than right. The Q1 results were good enough but came with solid guidance for Q2, which is now improved.

Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition

Cactus (WHD) boasts a solid margin profile. However, WHD has considerable exposure to heightened volatility in oil and gas prices.

Here's Why Hold Strategy is Apt for Cactus (WHD) Stock Now

Why Is Cactus, Inc. (WHD) Up 1.7% Since Last Earnings Report?

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that the board of directors of the Company has authorized the Company to repurchase shares of its Class A common stock, par value $0.01 per share (“Common Shares”), for an aggregate purchase price of up to $150 million in open market transactions or block trades, in privately negotiated transactions, through the use of trading plans or any other method permitted under U.S. securities laws, rules and r.

Cactus Announces $150 Million Stock Repurchase Program

Increased customer drilling activities aid Cactus' (WHD) Q1 earnings.

Cactus (WHD) Stock Declines 12.4% Despite Q1 Earnings Beat

Cactus, Inc. (NYSE:WHD ) Q1 2023 Earnings Conference Call May 9, 2023 10:00 AM ET Company Participants Scott Bender - Chief Executive Officer Stephen Tadlock - Chief Financial Officer Joel Bender - Senior Vice President, Chief Operating Officer Steven Bender - Vice President of Operations TS - Chief Executive Officer, FlexSteel Will Marsh - General Counsel, Vice President of Administration Alan Boyd - Director of Corporate Development and Investor Relations Conference Call Participants Dave Anderson - Barclays Kurt Hallead - Benchmark Operator Good day and thank you for standing by. Welcome to the Cactus Q1, 2023 Earnings Conference Call.

Cactus, Inc. (WHD) Q1 2023 Earnings Call Transcript

Cactus, Inc. (WHD) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.30 per share a year ago.

Cactus, Inc. (WHD) Q1 Earnings and Revenues Surpass Estimates

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2023. First Quarter Highlights Closed the acquisition of HighRidge Resources, Inc. (“FlexSteel”) on February 28, 2023(1); Revenue of $228.4 million and operating income of $49.7 million; Net income of $52.3 million and diluted earnings per Class A share of $0.63; Adjusted net income(2) of $50.7 million and diluted earnings per share, as adjusted.

Cactus Announces First Quarter 2023 Results

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

Cactus, Inc. (WHD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, WHD crossed above the 20-day moving average, suggesting a short-term bullish trend.

News for Cactus Stock (WHD)