secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001699136-23-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/0001699136-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000012/whd-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001699136-23-000012

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