---
schema_version: "secwatch.filing_event.v1"
accession: "0001699136-23-000088"
form_type: "8-K"
ticker: "WHD"
cik: "0001699136"
company_name: "Cactus, Inc."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:30:04.299077+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Cactus Q2 revenue $305.8M, adjusted EPS $0.84; dividend raised 9%; leadership changes

## Summary
- 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.

## SEC filing metadata
- accession: 0001699136-23-000088
- form_type: 8-K
- ticker: WHD
- cik: 0001699136
- company_name: Cactus, Inc.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/whd-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699136-23-000088
- JSON: https://secwatch.observer/filing/0001699136-23-000088.json
- Plain text: https://secwatch.observer/filing/0001699136-23-000088.txt

## Key facts
- Earnings Releases
  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
  source text: – 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- Executive change
  Steven Bender was appointed as Chief Operating Officer at Cactus, Inc..
  - Action: appointed
  - Role: Chief Operating Officer
  source text: Steven Bender was appointed as Chief Operating Officer, replacing Joel Bender in that role.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- Executive change
  Joel Bender was appointed as President at Cactus, Inc..
  - Action: appointed
  - Role: President
  source text: Joel Bender, a member of the Board, was appointed as President, replacing Scott Bender in that role.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- Executive change
  Scott Bender was appointed as Chairman of the Board at Cactus, Inc..
  - Action: appointed
  - Role: Chairman of the Board
  source text: Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- Executive change
  Gary Rosenthal was appointed as Lead Independent Director at Cactus, Inc..
  - Action: appointed
  - Role: Lead Independent Director
  source text: Gary Rosenthal, an independent member of the Board, was appointed as Lead Independent Director of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm
- Executive change
  Bruce Rothstein changed role as Chairman of the Board at Cactus, Inc..
  - Action: replaced
  - Role: Chairman of the Board
  source text: Scott Bender, a member of the Board, was appointed as Chairman of the Board, replacing Bruce Rothstein.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913623000088/0001699136-23-000088-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.