---
schema_version: "secwatch.filing_event.v1"
accession: "0001699136-24-000063"
form_type: "8-K"
ticker: "WHD"
cik: "0001699136"
company_name: "Cactus, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:38:11.682893+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001699136-24-000063
- form_type: 8-K
- ticker: WHD
- cik: 0001699136
- company_name: Cactus, Inc.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699136/000169913624000063/0001699136-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699136/000169913624000063/whd-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001699136-24-000063
- JSON: https://secwatch.observer/filing/0001699136-24-000063.json
- Plain text: https://secwatch.observer/filing/0001699136-24-000063.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1699136/000169913624000063/0001699136-24-000063-index.htm

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