secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-031637
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus Q1 revenue jumps 38% to $388M on Baker Hughes acquisition; margins compress
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026031637/0001628280-26-031637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000162828026031637/whd-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-031637

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer