Cactus Q1 2024 revenue $274.1M, adjusted EPS $0.75, net income $49.8M

Cactus, Inc.

Revenue $274.1M, operating income $62.6M, net income $49.8M ($0.59 diluted EPS).
Adjusted net income $59.6M, adjusted EPS $0.75, adjusted EBITDA $95.3M (34.8% margin).
Cash from operations $86.3M; cash $194.3M, no bank debt outstanding.
Board declared $0.12/Class A share quarterly dividend, payable in May 2024.
FlexSteel earn-out remeasurement expense $13.3M; total estimated payment $34.1M in Q3 2024.

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 first quarter ended March 31, 2024 results: revenue Revenue of $274.1 million, net income Net income of $49.8 million, EPS diluted earnings per Class A share of $0.59.

Period: first quarter ended March 31, 2024
Revenue: Revenue of $274.1 million
Net income: Net income of $49.8 million
EPS: diluted earnings per Class A share of $0.59
Result: reported results

Exact text from the filing

2024 – Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2024. First Quarter Highlights • Revenue of $274.1 million and operating income of $62.6 million; • Net income of $49.8 million and diluted earnings per Class A share of $0.59; • Adjusted net income (1) of $59.6 million and diluted

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Cactus, Inc. filing history →

Source: SEC EDGAR

accession 0001699136-24-000063

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