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

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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

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

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) 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.

Cactus, Inc. (WHD) Recently Broke Out Above the 20-Day Moving Average

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SCMWY, LUNMF, OLLI, WHD and ASML have been added to the Zacks Rank #1 (Strong Buy) List on April 20, 2023.

New Strong Buy Stocks for April 20th

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2023 earnings release before market open on Tuesday, May 9, 2023. The Company will host a conference call to discuss financial and operational results on Tuesday, May 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.

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

Cactus, Inc. (WHD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can Cactus, Inc. (WHD) Run Higher on Rising Earnings Estimates?

The consensus price target hints at a 31.5% upside potential for Cactus, Inc. (WHD). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Cactus, Inc. (WHD) Could Surge 31.49%: Read This Before Placing a Bet

Cactus, Inc. (WHD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Cactus, Inc. (WHD) is Poised to Beat Earnings Estimates Again

Cactus, Inc. reported its Q4 2022 financial results on February 23, 2023. The firm provides wellhead equipment to the oil and gas industry.

Cactus Earmarks CapEx For International Expansion

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From upstream activities to midstream, prospects for companies are rosy now, enhancing the outlook for the Zacks Oil & Gas US Integrated industry. COP, OXY, HES and WHD will make the most of the favorable business scenario.

4 Integrated US Stocks to Gain as Crude Price Remains Favorable

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Up to date as of market close 03/13/23. 60 oilfield services providers were screened for profitability and subsequently ranked by means of a multi-factor matrix.

Highest Quality Oilfield Services Stocks

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Given economic uncertainty and volatility in energy markets, I believe cautious oilfield services investors will want to avoid the highest risk investments in the sector. 58 oilfield services providers were screened for profitability based on net income margin; 26 were not profitable over the previous twelve months.

The Riskiest Investments In Oilfield Services

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Given the uncertainty in energy markets, I believe oilfield services investors should concentrate on quality and profitability. 58 oilfield services equities were screened for profitability based on net income margin; only 33 were profitable over the previous twelve months.

Oilfield Services: Screening And Matrix Evaluation

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) and its affiliates (“Cactus” or the “Company”) today announced the completion of the acquisition of FlexSteel Holdings, Inc. and certain of its affiliates (“FlexSteel”). In connection with the acquisition, Cactus amended and restated its existing credit facility to provide for a term loan of $125 million and $225 million in revolving commitments.

Cactus Completes Previously Announced Acquisition of FlexSteel

Increased drilling activity by customers aids Cactus' (WHD) Q4 earnings.

Cactus' (WHD) Q4 Earnings Beat Estimates, Revenues Miss

Cactus, Inc. (NYSE:WHD ) Q4 2022 Earnings Conference Call February 23, 2023 10:00 AM ET Company Participants John Fitzgerald - Director, Corporate Development and IR Scott Bender - CEO Steve Tadlock - CFO Joel Bender - SVP and COO Steven Bender – VP, Operations Conference Call Participants David Anderson - Barclays Steve Gengaro - Stifel David Smith - Pickering Energy Partners Operator Good day and thank you for standing by. Welcome to the Cactus Q4 2022 Earnings Conference Call.

Cactus, Inc. (WHD) Q4 2022 Earnings Call Transcript

Cactus, Inc. (WHD) delivered earnings and revenue surprises of 11.76% and 1.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Cactus, Inc. (WHD) Q4 Earnings 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 2022. Fourth Quarter 2022 Highlights and Recent Events Revenue of $187.8 million and income from operations of $48.2 million; Net income of $40.7 million(1) and diluted earnings per Class A share of $0.50(1); Adjusted net income(3) of $43.5 million and diluted earnings per share, as adjusted(3) of $0.57; Net income margin of 21.

Cactus Announces Fourth Quarter and Full Year 2022 Results

HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), with respect to the previously announced agreement to acquire FlexSteel Technologies Holdings, Inc. and its affiliates through a merger with its holding company, HighRidge Resources, Inc. (“FlexSteel”) and Atlas Merger Sub, LLC, a newly formed subsidiary of Cactus, Inc.

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