Highest-materiality recent filing
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.
Acquisition of 65% of Baker Hughes Pressure Control LLC closed Jan 1, 2026; cash consideration ~$345M.
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 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.
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 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 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 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 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 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 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 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 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 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 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