Cactus Q4 revenue $187.8M, net income $40.7M; announces FlexSteel acquisition and $0.11 dividend

Cactus, Inc.

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).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cactus, Inc. reported the full year ended December 31, 2022 results: revenue $688,369, net income $145,122.

Period: the full year ended December 31, 2022
Revenue: $688,369
Net income: $145,122
Result: reported results

Exact text from the filing

Revenues $ 187,774 $ 184,481 $ 129,916 $ 688,369 $ 438,589 Income from operations $ 48,221 $ 51,296 $ 25,712 $ 174,748 $ 75,427 Net income (1)(2) $ 40,739 $ 41,520 $ 20,383 $ 145,122 $ 67,470

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Cactus, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $187.8 million, net income $40.7 million, EPS $0.50 per Class A share.

Period: the fourth quarter ended December 31, 2022
Revenue: $187.8 million
Net income: $40.7 million
EPS: $0.50 per Class A share
Result: reported results

Exact text from the filing

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) ;

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Cactus, Inc. filing history →

Source: SEC EDGAR

accession 0001699136-23-000012

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