Cactus announces $150M share repurchase program; sees Q2 results exceeding guidance

Cactus, Inc.

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.

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