Cactus Announces Second Quarter 2024 Results
Cactus, Inc. Class A (WHD)
Last cactus, inc. class a earnings: 4/29 05:10 pm
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the second quarter of 2024.Second Quarter HighlightsRevenue of $290.4 million and operating income of $79.8 million;Net income of $63.1 million and diluted earnings per Class A share of $0.75;Adjusted net income(1) of $65.2 million and diluted earnings per share, as adjusted(1) of $0.81;Net income margin of 21.7% and adjusted net income margin(1) of 22.4%;Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $103.6 million and 35.7%, respectively;Cash flow from operations of $78.0 million;Cash and cash equivalents of $246.5 million with no bank debt outstanding as of June 30, 2024;Final earn-out payment amount payable to the sellers of FlexSteel of $37.0 million expected to be settled and paid in the third quarter of 2024; andIn July 2024, the Board of Directors approved an 8% increase in the dividend to $0.13 per quarter.Financial Summary Three Months E
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News
- Cactus, Inc. (NYSE: WHD) was downgraded by analysts at Barclays PLC from an "overweight" rating to an "equal weight" rating. They now have a $61.00 price target on the stock.MarketBeat
- Cactus Announces Third Quarter 2024 ResultsBusiness Wire
- 3 Integrated Energy Stocks to Watch as Industry Faces Uncertainty [Yahoo! Finance]Yahoo! Finance
- Cactus Announces Timing of Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Cactus, Inc. (NYSE: WHD) had its price target raised by analysts at Bank of America Co. from $44.00 to $48.00. They now have an "underperform" rating on the stock.MarketBeat
WHD
Earnings
- 10/30/24 - In-Line
WHD
Sec Filings
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- 11/8/24 - Form 4
- WHD's page on the SEC website