8-K
filed August 7, 2023, 7:59 PM ET
ticker WHD
CIK 0001699136
earnings
confidence high
sentiment positive
materiality 0.85
Cactus Q2 revenue $305.8M, adjusted EPS $0.84; dividend raised 9%; leadership changes
Cactus, Inc.
- Revenue $305.8M, up 80% YoY; operating income $48.5M (margin 15.9% vs 26% Q2 2022).
- Adjusted net income $67.3M ($0.84 diluted EPS adjusted); cash flow from operations $108.1M.
- Dividend increased 9% to $0.12/quarter; $150M share repurchase authorized.
- Paid off $155M FlexSteel acquisition debt as of July 31, 2023.
- Leadership changes: Scott Bender Chairman, Joel Bender President, Steven Bender COO, Gary Rosenthal Lead Independent Director.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.85
Cactus, Inc. reported the second quarter ended June 30, 2023 results: revenue $305.8 million, net income $32.5 million, EPS $0.38.
- Period
- the second quarter ended June 30, 2023
- Revenue
- $305.8 million
- Net income
- $32.5 million
- EPS
- $0.38
- Result
- reported results
Exact text from the filing
– Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the second quarter of 2023. Second Quarter Highlights • Revenue of $305.8 million and operating income of $48.5 million; • Net income of $32.5 million and diluted earnings per Class A share of $0.38; • Adjusted net income (1) of $67.3 million and diluted
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.99
Steven Bender was appointed as Chief Operating Officer at Cactus, Inc..
- Action
- appointed
- Role
- Chief Operating Officer
Exact text from the filing
Steven Bender was appointed as Chief Operating Officer, replacing Joel Bender in that role.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.99
Joel Bender was appointed as President at Cactus, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
Joel Bender, a member of the Board, was appointed as President, replacing Scott Bender in that role.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.99
Scott Bender was appointed as Chairman of the Board at Cactus, Inc..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.99
Gary Rosenthal was appointed as Lead Independent Director at Cactus, Inc..
- Action
- appointed
- Role
- Lead Independent Director
Exact text from the filing
Gary Rosenthal, an independent member of the Board, was appointed as Lead Independent Director of the Board.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.99
Bruce Rothstein changed role as Chairman of the Board at Cactus, Inc..
- Action
- replaced
- Role
- Chairman of the Board
Exact text from the filing
Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.
View on SEC.gov
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