Cactus Q2 revenue down 5.8% YoY to $273.6M; EPS $0.59, adjusted $0.66

Cactus, Inc.

Revenue of $273.6M, down from $290.4M YoY; net income $49.0M vs $63.1M YoY.
Adjusted EPS of $0.66; Adjusted EBITDA margin 31.7% vs 35.7% a year ago.
Cash and equivalents $405.2M, no bank debt; operating cash flow $82.8M.
Board approved 8% dividend increase to $0.14 per share quarterly.
Signed agreement to acquire 65% majority of Baker Hughes' Surface Pressure Control business.

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