secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001699136-24-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000063/0001699136-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000063/whd-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001699136-24-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer