Cactus Q3 2023 revenue $287.9M, EPS $0.80, declares $0.12 dividend

Cactus, Inc.

Revenue $287.9M, down 6% sequentially from Q2 $305.8M, up 56% YoY from Q3 2022 $184.5M.
Net income $68.0M ($0.80 diluted EPS); adjusted net income $63.8M ($0.80 adjusted EPS).
Adjusted EBITDA $103.1M, margin 35.8%; operating cash flow $80.1M.
Cash $63.7M, no bank debt outstanding as of Sept 30, 2023.
Board declared quarterly dividend of $0.12 per Class A share, payable in Q4 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Cactus, Inc. reported the third quarter ended September 30, 2023 results: revenue $287.9 million, net income $68.0 million, EPS $0.80.

Period: the third quarter ended September 30, 2023
Revenue: $287.9 million
Net income: $68.0 million
EPS: $0.80
Result: reported results

Exact text from the filing

2023 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the third quarter of 2023. Third Quarter Highlights • Revenue of $287.9 million and operating income of $87.6 million; • Net income of $68.0 million and diluted earnings per Class A share of $0.80; • Adjusted net income (1) of $63.8 million and diluted

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Cactus, Inc. filing history →

Source: SEC EDGAR

accession 0001699136-23-000137

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