Highest-materiality recent filing
Cactus extends delayed draw term loan commitment maturity to Dec 31, 2026
Amendment extends lenders' commitment to fund term loans from June 1, 2026 to December 31, 2026.
Cactus elects Tana Utley to board; Bender named Spoolable Tech CEO
Tana Utley, former Caterpillar VP of Large Power Systems, elected as independent director.
Cactus Q1 revenue jumps 38% to $388M on Baker Hughes acquisition; margins compress
Revenue $388.3M (+38% YoY) driven by Jan 1 closure of Baker Hughes Surface Pressure Control acquisition.
Bruce Rothstein will not stand for re-election at the 2026 Annual Meeting of Stockholders, effective immediately before the meeting.
Acquisition of 65% of Baker Hughes Pressure Control LLC closed Jan 1, 2026; cash consideration ~$345M.
Cactus releases March 2026 investor presentation; no specific financial data provided in filing text
Filing under Item 7.01 with investor presentation (Exhibit 99.1) for upcoming meetings.
Cactus Q4 2025 revenue $261.2M, net income $48.3M; closes Baker Hughes acquisition
Net income $48.3M ($0.57 diluted EPS); adjusted net income $52.1M ($0.65 adjusted EPS).
Cactus awards $2.5M in RSUs to three execs; Tadlock named CEO of Cactus International
Cactus granted $2.5M total restricted stock units to EVPs Tadlock and Nutt, and COO Bender, vesting ratably over 2-3 years.
Cactus completes $344.5M acquisition of 65% stake in Baker Hughes surface pressure control business
Cash purchase price of $344.5M for 65% membership interest; funded from cash on hand.
New Term Loan Facility of up to $100M, undrawn at closing; matures 3 years after first draw.
Cactus posts November 2025 investor presentation; references pending Baker Hughes SPC acquisition
Presentation used at upcoming investor meetings highlights pending acquisition of Baker Hughes Surface Pressure Control (SPC) announced June 2, 2025.
Cactus Q3 revenue falls 10% to $264M; adjusted EPS $0.67, net income $50.2M
Revenue $264.0M, down 10% YoY from $293.2M; operating income $61.2M vs $76.8M.
Cactus presents at investor meetings; updates on pending Baker Hughes SPC acquisition
Presentation includes preliminary 2024 financial data for Baker Hughes Surface Pressure Control (SPC) acquisition.
Cactus Q2 revenue down 5.8% YoY to $273.6M; EPS $0.59, adjusted $0.66
Revenue of $273.6M, down from $290.4M YoY; net income $49.0M vs $63.1M YoY.
Cactus furnishes investor deck with preliminary SPC acquisition financials
Investor presentation posted on June 4, 2025 for upcoming investor meetings.
Cactus to acquire 65% of Baker Hughes pressure control business for $344.5M cash
Cash purchase price of $344.5M for 65% membership interest in Baker Hughes Pressure Control.
Cactus shareholders approve LTIP share increase to 8.5M, re-elect directors
Class II directors Joel Bender, Alan Semple, Melissa Law re-elected with strong support.
Cactus Q1 2025 revenue $280.3M, adj. EPS $0.73; declares $0.13 dividend
Revenue of $280.3M, up 2% from Q1 2024; operating income $68.6M, up 10% YoY.
Cactus furnishes March 2025 investor presentation; no material new disclosure
Company released a standard investor presentation for upcoming meetings with investors.
Cactus Q4 2024 revenue $272M, net income $57.4M, EPS $0.68; declares $0.13 dividend
Q4 revenue $272.1M, operating income $70.5M, net income $57.4M ($0.68 diluted EPS).
Cactus posts November 2024 investor presentation with guidance and non-GAAP measures
Presentation includes EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin non-GAAP reconciliations.
Cactus Q3 2024 revenue $293.2M, adj. EPS $0.79, declares $0.13 dividend
Revenue $293.2M vs $287.9M YoY; operating income $76.8M (26.2% margin) vs $87.6M (30.4%) YoY.
Cactus posts investor presentation for upcoming meetings; specific guidance not disclosed in filing
Management will present at upcoming investor meetings; materials posted on company website.
Cactus Q2 net income $63.1M, up 94% YoY; dividend raised 8% to $0.13/quarter
Revenue $290.4M (-5% YoY); operating income $79.8M (27.5% margin) vs $48.5M (15.9% margin).
Cactus appoints Jay Nutt as EVP, CFO and Treasurer effective June 3, 2024
Jay Nutt appointed EVP, CFO and Treasurer, replacing interim CFO Alan Keifer and Treasurer Stephen Tadlock.
Cactus shareholders approve board declassification, lower supermajority vote thresholds
Shareholders approved declassification of Board to single-class over three-year phase-in (77.2M for, 2.8K against).
Cactus releases May 2024 investor presentation with guidance; details not disclosed
Presentation posted on investor section of website and furnished as an exhibit to 8-K.
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).
Cactus files March 2024 investor presentation; no material new data disclosed
Management is presenting at investor meetings; materials posted on company website.
Cactus CAO resigns; Interim CFO Keifer appointed Principal Accounting Officer
Donna Anderson, VP and Chief Accounting Officer, resigned effective March 15, 2024.
Cactus Q4 adjusted EPS $0.81; FY revenue $1.097B up 59%
Q4 revenue $274.9M, operating income $78.6M, net income $62.1M ($0.74 diluted EPS).
Cactus Q3 2023 revenue $287.9M, EPS $0.80, declares $0.12 dividend
Revenue $287.9M, down 6% sequentially from Q2 $305.8M, up 56% YoY from Q3 2022 $184.5M.
Cactus appoints Alan Keifer as Interim CFO; Stephen Tadlock moves to Spoolable Technologies CEO
Stephen Tadlock (EVP/CFO/Treasurer) appointed CEO of Spoolable Technologies segment, effective immediately.
Cactus files 8-K with September 2023 investor presentation; no new financial data disclosed
Presentation includes non-GAAP reconciliations and background on FlexSteel merger completed Feb 28, 2023.
Cactus Q2 revenue $305.8M, adjusted EPS $0.84; dividend raised 9%; leadership changes
Revenue $305.8M, up 80% YoY; operating income $48.5M (margin 15.9% vs 26% Q2 2022).
Cactus announces $150M share repurchase program; sees Q2 results exceeding guidance
Board authorized repurchase of up to $150M of Class A common stock, inaugural program.
Cactus stockholders elect directors, ratify PwC, approve LTIP share increase
Scott Bender, Bruce Rothstein elected as Class III directors; Gary Rosenthal received 39.9M for, 36.7M withheld.
Cactus Q1 2023 revenue $228.4M, net income $52.3M; closed FlexSteel acquisition
Revenue $228.4M, net income $52.3M, diluted EPS $0.63.
Cactus closes FlexSteel acquisition; investor presentation filed
Completed merger with HighRidge Resources (FlexSteel business) on Feb 28, 2023.
Cactus grants $4M RSUs each to CFO Tadlock and exec Bender; 4-year cliff vest
Stephen Tadlock and Steven Bender each awarded $4M in restricted stock units.
Cactus completes $621M acquisition of FlexSteel; funds with debt and equity
Purchase price $621M (debt-free, cash-free) plus up to $75M earn-out based on FlexSteel revenue growth targets.
Cactus Q4 revenue $187.8M, net income $40.7M; announces FlexSteel acquisition and $0.11 dividend
Q4 revenue $187.8M, net income $40.7M ($0.50 diluted EPS); adjusted EPS $0.57.
Cactus receives HSR clearance for FlexSteel acquisition; closing expected Q1 2023
HSR waiting period expired Feb 6, 2023; FTC and DOJ took no enforcement action.
Cactus prices upsized $150M public offering of 2.8M shares to fund FlexSteel acquisition
$150M gross proceeds from 2.8M share offering priced at ~$53.53 per share; underwriters' price $51.36.
Cactus, Inc. commences underwritten public offering of Class A common stock
Offering of Class A common stock (par value $0.01) announced by the Company on January 10, 2023.
Cactus (WHD) to acquire FlexSteel for $621M upfront, plus up to $75M earn-out
Total upfront cash-free, debt-free consideration $621M, subject to customary adjustments.
Cactus furnishes investor presentation with no material new facts
Management will present at upcoming investor meetings; materials posted on company website.
Cactus Q3 revenue $184.5M, adjusted EPS $0.52; margins expand YoY
Revenue $184.5M, up 60% YoY from $115.4M; operating income $51.3M up 147% YoY.
Cactus files investor presentation for upcoming meetings; no new material financial data
Management will present at investor meetings using the attached September 2022 presentation.
Cactus posts Q2 revenue of $170.2M, net income $35.8M, diluted EPS $0.44
Revenue $170.2M vs $108.9M a year ago (+56%); income from operations $44.2M.
As of May 12, 2026, the Board of Directors of Cactus, Inc. (the “Company”) appointed Steven Bender as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment.
As of May 12, 2026, the Board of Directors of Cactus, Inc. (the “Company”) appointed Steven Bender as Chief Operating Officer and Chief Executive Officer of the Spoolable Technologies Segment.
Stephen Tadlock will no longer function as Chief Executive Officer of the Spoolable Technologies Segment but effective May 12, 2026, will continue to serve as the Company’s Executive Vice President and Chief Executive Officer of Cactus International.
On May 22, 2024, Cactus, Inc. (the “Company”) appointed Jay Nutt as the Company’s Executive Vice President, Chief Financial Officer and Treasurer, with an anticipated start date of June 3, 2024.
Mr. Nutt will replace Alan Keifer, who has been serving as the Company’s Interim Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer.
Mr. Nutt will also replace Stephen Tadlock in his capacity as the Company’s Treasurer. Mr. Tadlock will continue serving as Executive Vice President of the Company and Chief Executive Officer of the Company’s Spoolable Technologies segment.
On March 8, 2024, in connection with Ms. Anderson’s resignation, Alan Keifer, who is currently Interim Chief Financial Officer and Principal Financial Officer of the Company, was appointed as the Company’s Principal Accounting Officer effective March 15, 2024.
On March 4, 2024, Donna Anderson, Vice President and Chief Accounting Officer of Cactus, Inc. (the “Company”), notified the Company of her intention to resign from the Company effective March 15, 2024.
Stephen Tadlock, Executive Vice President, Chief Financial Officer (“CFO”) and Treasurer of the Company, has been appointed as the Chief Executive Officer (“CEO”) of the Company’s Spoolable Technologies segment, effective immediately.
Alan Keifer has been appointed as the Interim CFO of the Company, effective November 13, 2023.
Steven Bender was appointed as Chief Operating Officer, replacing Joel Bender in that role.
Joel Bender, a member of the Board, was appointed as President, replacing Scott Bender in that role.
Max materiality 0.90 · Median 0.55 · Most common event other_material