secwatch.observer — SEC 8-K summary
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Issuer:     Cactus, Inc. (WHD)
CIK:        0001699136
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001699136-24-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cactus Q2 net income $63.1M, up 94% YoY; dividend raised 8% to $0.13/quarter
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000095/0001699136-24-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699136/000169913624000095/whd-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001699136-24-000095

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