secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001699136-23-000064
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus Q1 2023 revenue $228.4M, net income $52.3M; closed FlexSteel acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000064/0001699136-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913623000064/whd-20230509.htm
  HTML page:      https://secwatch.observer/filing/0001699136-23-000064

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