earnings
confidence high
sentiment positive
materiality 0.70
Cactus Q2 net income $63.1M, up 94% YoY; dividend raised 8% to $0.13/quarter
Cactus, Inc.
- Revenue $290.4M (-5% YoY); operating income $79.8M (27.5% margin) vs $48.5M (15.9% margin).
- Adjusted diluted EPS $0.81; adjusted net income margin 22.4%.
- Adjusted EBITDA $103.6M (35.7% margin); cash flow from ops $78.0M.
- Cash $246.5M, zero bank debt; final FlexSteel earn-out $37.0M due Q3 2024.
- Board approved 8% dividend increase to $0.13/quarter.