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Bender named Spoolable Tech CEO","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tana Utley, former Caterpillar VP of Large Power Systems, elected as independent director.","Steven Bender adds CEO of Spoolable Technologies Segment to his COO role.","Stephen Tadlock steps down from Spoolable Tech CEO to focus on Cactus International JV.","Board reduced to eight members after Rothstein and Law did not stand for reelection."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":94796,"accession_number":"0001628280-26-031637","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2026-05-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q1 revenue jumps 38% to $388M on Baker Hughes acquisition; margins compress","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $388.3M (+38% YoY) driven by Jan 1 closure of Baker Hughes Surface Pressure Control acquisition.","Net income $40.2M ($0.70 diluted loss per share) vs $54.1M YoY; adjusted net income $56.2M ($0.70 adj EPS).","Operating income $49.5M (12.7% margin) down from $68.6M (24.5%) YoY, reflecting acquisition-related costs.","Adjusted EBITDA $100.1M (25.8% margin) vs $93.8M (33.5%) YoY; cash from operations $128.3M.","Cash $291.6M, no bank debt; $97.8M reserved for legal restructuring of acquired business."],"consensus_eps_estimate":0.6445,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":388349000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107424,"accession_number":"0001628280-26-021756","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Bruce Rothstein not standing for re-election at 2026 annual meeting; board reduces size to 8","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Bruce Rothstein will not stand for re-election at the 2026 Annual Meeting of Stockholders, effective immediately before the meeting.","His decision is not due to any disagreement with the company on operations, policies, or practices.","The Board of Directors decreased its size to 8 directors effective at that time."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107419,"accession_number":"0001628280-26-019875","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K/A","filed_at":"2026-03-19T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"Cactus provides audited financials of acquired Surface Pressure Control; 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no specific financial data provided in filing text","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Filing under Item 7.01 with investor presentation (Exhibit 99.1) for upcoming meetings.","Presentation includes disclosures on Cactus International acquisition (65% of Baker Hughes pressure control business, effective Jan 1, 2026).","No guidance or financial targets are extractable from the limited exhibit text provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107422,"accession_number":"0001628280-26-011856","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2026-02-26T23:59:59+00:00","items":["2.02","5.02","9.01"],"status":"ready","headline":"Cactus Q4 2025 revenue $261.2M, net income $48.3M; 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Tadlock named CEO of Cactus International","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Cactus granted $2.5M total restricted stock units to EVPs Tadlock and Nutt, and COO Bender, vesting ratably over 2-3 years.","Stephen Tadlock receives $1M in RSUs ($500k/2yr, $500k/3yr) and becomes CEO of Cactus International JV, effective Jan 1, 2026.","Jay A. Nutt allocated $900k total RSUs; Steven Bender receives $600k total RSUs.","Grants are retention awards tied to closing of the joint venture with Baker Hughes (Cactus International)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":107420,"accession_number":"0001628280-26-000109","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2026-01-02T23:59:59+00:00","items":["1.01","2.01","7.01","9.01"],"status":"ready","headline":"Cactus completes $344.5M acquisition of 65% stake in Baker Hughes surface pressure control business","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cash purchase price of $344.5M for 65% membership interest; funded from cash on hand.","Joint Venture retained ~$70M minimum cash; additional payments of $45.5M at closing and $24.5M deferred.","Exit option from second anniversary: valuation range $530M-$660M based on 6x Adjusted EBITDA.","LLC includes non-compete restrictions and requires supermajority vote for significant actions.","Formal financial guidance for the acquired business to be provided later in Q1 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":123768,"accession_number":"0001628280-25-054820","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2025-12-02T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cactus establishes $100M delayed draw term loan to partially finance Baker Hughes Pressure Control acquisition","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["New Term Loan Facility of up to $100M, undrawn at closing; 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updates on pending Baker Hughes SPC acquisition","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation includes preliminary 2024 financial data for Baker Hughes Surface Pressure Control (SPC) acquisition.","Guides for Adjusted EBITDA Margin in Pressure Control and Spoolable Technologies and Adjusted EBITDA for Corporate.","SPC transaction announced June 2, 2025; closing subject to regulatory approvals and audit completion."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":140451,"accession_number":"0001699136-25-000101","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q2 revenue down 5.8% YoY to $273.6M; EPS $0.59, adjusted $0.66","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $273.6M, down from $290.4M YoY; net income $49.0M vs $63.1M YoY.","Adjusted EPS of $0.66; Adjusted EBITDA margin 31.7% vs 35.7% a year ago.","Cash and equivalents $405.2M, no bank debt; operating cash flow $82.8M.","Board approved 8% dividend increase to $0.14 per share quarterly.","Signed agreement to acquire 65% majority of Baker Hughes' Surface Pressure Control business."],"consensus_eps_estimate":0.7269,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":553894000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl+finnhub","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158132,"accession_number":"0001699136-25-000090","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus furnishes investor deck with preliminary SPC acquisition financials","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation posted on June 4, 2025 for upcoming investor meetings.","Includes preliminary unaudited 2024 financials for Baker Hughes Surface Pressure Control; 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board set annual frequency advisory vote going forward.","All five proposals passed at the May 13, 2025 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":158129,"accession_number":"0001699136-25-000074","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q1 2025 revenue $280.3M, adj. 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specific guidance not disclosed in filing","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Management will present at upcoming investor meetings; materials posted on company website.","Presentation includes non-GAAP measures (EBITDA, Adjusted EBITDA) and references guidance, but details are truncated in this filing.","No other material events or financial updates reported in this 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":209699,"accession_number":"0001699136-24-000095","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q2 net income $63.1M, up 94% YoY; dividend raised 8% to $0.13/quarter","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $290.4M (-5% YoY); operating income $79.8M (27.5% margin) vs $48.5M (15.9% margin).","Adjusted diluted EPS $0.81; adjusted net income margin 22.4%.","Adjusted EBITDA $103.6M (35.7% margin); cash flow from ops $78.0M.","Cash $246.5M, zero bank debt; final FlexSteel earn-out $37.0M due Q3 2024.","Board approved 8% dividend increase to $0.13/quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":564512000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227836,"accession_number":"0001699136-24-000087","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2024-05-28T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cactus appoints Jay Nutt as EVP, CFO and Treasurer effective June 3, 2024","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Jay Nutt appointed EVP, CFO and Treasurer, replacing interim CFO Alan Keifer and Treasurer Stephen Tadlock.","Base salary of $450,000; 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details not disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Presentation posted on investor section of website and furnished as an exhibit to 8-K.","Presentation includes Non-GAAP measures and financial guidance (specifics not provided in filing text).","No new earnings or operational updates disclosed beyond the presentation slides."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":227833,"accession_number":"0001699136-24-000063","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q1 2024 revenue $274.1M, adjusted EPS $0.75, net income $49.8M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $274.1M, operating income $62.6M, net income $49.8M ($0.59 diluted EPS).","Adjusted net income $59.6M, adjusted EPS $0.75, adjusted EBITDA $95.3M (34.8% margin).","Cash from operations $86.3M; cash $194.3M, no bank debt outstanding.","Board declared $0.12/Class A share quarterly dividend, payable in May 2024.","FlexSteel earn-out remeasurement expense $13.3M; total estimated payment $34.1M in Q3 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":274123000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":246631,"accession_number":"0001699136-24-000044","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2024-03-18T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus files March 2024 investor presentation; no material new data disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Management is presenting at investor meetings; 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dividend raised 9%; leadership changes","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $305.8M, up 80% YoY; operating income $48.5M (margin 15.9% vs 26% Q2 2022).","Adjusted net income $67.3M ($0.84 diluted EPS adjusted); cash flow from operations $108.1M.","Dividend increased 9% to $0.12/quarter; $150M share repurchase authorized.","Paid off $155M FlexSteel acquisition debt as of July 31, 2023.","Leadership changes: Scott Bender Chairman, Joel Bender President, Steven Bender COO, Gary Rosenthal Lead Independent Director."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":534224000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300064,"accession_number":"0001699136-23-000085","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-06-08T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cactus announces $150M share repurchase program; sees Q2 results exceeding guidance","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board authorized repurchase of up to $150M of Class A common stock, inaugural program.","CEO expects Q2 2023 results in both Cactus and FlexSteel segments to exceed prior guidance.","Repurchases may use Rule 10b5-1 plans; program is discretionary and may be suspended.","Company intends to use Rule 10b-18 safe harbor for open-market repurchases."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300063,"accession_number":"0001699136-23-000069","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-05-17T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"Cactus stockholders elect directors, ratify PwC, approve LTIP share increase","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Scott Bender, Bruce Rothstein elected as Class III directors; Gary Rosenthal received 39.9M for, 36.7M withheld.","Ratification of PwC as independent auditor for FY2023 approved with 77.1M votes for, 351k against.","Amendment to Long-Term Incentive Plan approved, increasing reserved Class A shares from 3.0M to 5.5M.","Broker non-votes totaled 934,428 on director elections and LTIP proposal."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":300062,"accession_number":"0001699136-23-000064","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-05-09T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q1 2023 revenue $228.4M, net income $52.3M; closed FlexSteel acquisition","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $228.4M, net income $52.3M, diluted EPS $0.63.","Adjusted EBITDA $79.4M (34.8% margin); adjusted net income $50.7M ($0.64 diluted EPS).","Closed acquisition of HighRidge Resources (FlexSteel) on Feb 28, 2023; includes one month of FlexSteel results.","Cash flow from operations $60.5M; paid down $60M Term Loan debt subsequent to quarter end.","Underwritten offering of Class A common stock in Jan 2023 for net proceeds $165.6M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":228405000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320147,"accession_number":"0001699136-23-000050","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-03-20T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus closes FlexSteel acquisition; investor presentation filed","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Completed merger with HighRidge Resources (FlexSteel business) on Feb 28, 2023.","Internal reorganization completed on Feb 27, 2023 to facilitate merger.","Investor presentation includes non-GAAP financial measures; reconciliation in appendix."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320146,"accession_number":"0001699136-23-000038","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-03-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cactus grants $4M RSUs each to CFO Tadlock and exec Bender; 4-year cliff vest","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stephen Tadlock and Steven Bender each awarded $4M in restricted stock units.","RSUs cliff vest on the fourth anniversary of the March 10, 2023 grant date.","Pro-rata vesting if terminated without cause after two years.","Grants are one-time retention awards for key executives under the LTIP."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320145,"accession_number":"0001104659-23-027188","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-03-01T23:59:59+00:00","items":["1.01","2.01","2.03","5.02","7.01","9.01"],"status":"ready","headline":"Cactus completes $621M acquisition of FlexSteel; funds with debt and equity","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price $621M (debt-free, cash-free) plus up to $75M earn-out based on FlexSteel revenue growth targets.","Funded via $165.6M public offering, $125M term loan, $30M revolver draw, and cash on hand.","Amended ABL credit facility: $125M term loan (due 2026) and $225M revolver (due 2027); leverage ratio covenant ≤2.50x.","2023 executive compensation: base salaries $450k each for CEO, COO, VP Ops, CFO; RSU/PSU grants up to $1.125M each.","Press release issued March 1, 2023 announcing completion of FlexSteel acquisition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320144,"accession_number":"0001699136-23-000012","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q4 revenue $187.8M, net income $40.7M; announces FlexSteel acquisition and $0.11 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 revenue $187.8M, net income $40.7M ($0.50 diluted EPS); adjusted EPS $0.57.","Full year 2022 revenue $688.4M, net income $145.1M; adjusted EBITDA $227.9M (33.1% margin).","Cash $344.5M, no bank debt; closed $165.6M stock offering in Jan 2023.","Signed agreement to acquire HighRidge Resources (FlexSteel); incurred $7.4M acquisition expenses in Q4.","Board declared $0.11 quarterly dividend per Class A share (payable in Q1 2023)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":688369000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320143,"accession_number":"0001699136-23-000005","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-02-08T23:59:59+00:00","items":["5.03","8.01","9.01"],"status":"ready","headline":"Cactus receives HSR clearance for FlexSteel acquisition; closing expected Q1 2023","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HSR waiting period expired Feb 6, 2023; FTC and DOJ took no enforcement action.","Cactus to acquire FlexSteel through merger of its subsidiary with HighRidge Resources.","Remaining customary closing conditions remain; deal expected to close in Q1 2023.","Bylaws amended to designate federal district courts as exclusive forum for Securities Act claims."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320142,"accession_number":"0001104659-23-003802","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-01-13T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Cactus prices upsized $150M public offering of 2.8M shares to fund FlexSteel acquisition","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$150M gross proceeds from 2.8M share offering priced at ~$53.53 per share; underwriters' price $51.36.","30-day underwriter option for additional 420,561 shares exercised in full on Jan 11, 2023.","Net proceeds will finance the previously announced acquisition of FlexSteel Technologies Holdings.","Offering closed Jan 13, 2023; J.P. Morgan, BofA, Piper Sandler led underwriters."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320141,"accession_number":"0001104659-23-002772","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-01-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus, Inc. commences underwritten public offering of Class A common stock","summary_kind":"llm","event_type":"other_material","confidence":"medium","bullets":["Offering of Class A common stock (par value $0.01) announced by the Company on January 10, 2023.","Filing includes audited financials of HighRidge Resources for 2021-2020 and pro forma combined information.","No details on number of shares, price range, or underwriters provided in this filing.","Proceeds use not specified; offering likely dilutive to existing shareholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":320140,"accession_number":"0001699136-23-000003","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2023-01-03T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"Cactus (WHD) to acquire FlexSteel for $621M upfront, plus up to $75M earn-out","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total upfront cash-free, debt-free consideration $621M, subject to customary adjustments.","Earn-out of up to $75M payable in 2024 if FlexSteel achieves 18-month gross revenue of $545M to $649M+.","Closing expected in early Q1 2023, subject to HSR and other customary conditions.","Committed bridge financing of $375M from JPMorgan; combined net debt to 2022E adjusted EBITDA <1.0x at close.","FlexSteel generated ~$265M revenue in 9M 2022; CEO Thirucherai Sathyanarayanan continues to lead."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":338288,"accession_number":"0001699136-22-000162","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2022-11-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus furnishes investor presentation with no material new facts","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Management will present at upcoming investor meetings; materials posted on company website.","Exhibit 99.1 includes only a description of non-GAAP measures; no financial results or guidance provided.","This filing is a routine Regulation FD disclosure; no material changes or events announced."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.0,"calibrated_materiality_score":0.0,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":338287,"accession_number":"0001699136-22-000157","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2022-11-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus Q3 revenue $184.5M, adjusted EPS $0.52; margins expand YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $184.5M, up 60% YoY from $115.4M; operating income $51.3M up 147% YoY.","Net income $41.5M (diluted EPS $0.51) vs $17.2M ($0.21) in Q3 2021.","Adjusted EBITDA $62.7M, margin 34.0% vs 27.7% in prior year.","Cash from ops $30.4M; cash $320.6M, no bank debt as of Sep 30."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":500595000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355658,"accession_number":"0001699136-22-000155","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2022-09-06T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cactus files investor presentation for upcoming meetings; no new material financial data","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Management will present at investor meetings using the attached September 2022 presentation.","Presentation includes non-GAAP measures such as EBITDA and Adjusted EBITDA; reconciliation provided in appendix.","No updated financial guidance or material corporate events were disclosed in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":4874750000.0,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":355657,"accession_number":"0001699136-22-000132","cik":1699136,"company_name":"Cactus, Inc.","ticker":"WHD","form_type":"8-K","filed_at":"2022-08-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cactus posts Q2 revenue of $170.2M, net income $35.8M, diluted EPS $0.44","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue $170.2M vs $108.9M a year ago (+56%); income from operations $44.2M.","Net income $35.8M ($0.44 diluted EPS); adjusted net income $33.4M (adj. 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