Welcome to our dedicated page for Cactus news (Ticker: WHD), a resource for investors and traders seeking the latest updates and insights on Cactus stock.
Cactus, Inc. (symbol: WHD) is a prominent player in the oil and gas industry, specializing in the design, manufacture, and sale of surface wellheads and pressure control equipment. The company's core business revolves around its innovative products, including the Cactus SafeDrill wellhead systems, conventional wellheads, and production valves. These products are essential for the drilling, completion, and production of onshore unconventional oil and gas wells.
Cactus, Inc. maintains a robust inventory of frac trees and ancillary equipment for short-term rental. This allows them to meet the dynamic needs of their clients swiftly. They also offer comprehensive repair and refurbishment services, ensuring that their equipment remains in optimal condition throughout its lifecycle.
One of the key strengths of Cactus, Inc. lies in its mission-critical field services. The company provides highly skilled service crews to assist in the installation, maintenance, and safe handling of wellhead and pressure control equipment. This not only ensures the smooth operation of their products but also reinforces their commitment to safety and professionalism.
Operating through two main segments, Pressure Control and Spoolable Technologies, Cactus, Inc. generates significant revenue from its Pressure Control segment. This segment focuses on providing top-notch wellhead systems and pressure control equipment, which are vital for the oil and gas industry's operational efficiency.
Guided by a mission statement that emphasizes customer service and operational excellence, Cactus, Inc. aims to consistently outperform its peers. The company believes that unwavering commitment to safety, honesty, and professionalism will foster customer loyalty and maximize owner value.
Cactus, Inc. (NYSE: WHD) will announce its second quarter 2022 earnings before market open on August 4, 2022. A conference call will follow at 9:00 a.m. CT to discuss the financial and operational results. Investors can access the call via webcast on the company's website. Cactus specializes in manufacturing and renting wellhead and pressure control equipment, primarily for unconventional oil and gas wells, and also offers field services across key U.S. oil and gas regions and in Australia and Saudi Arabia.
Cactus, Inc. (NYSE: WHD) reported strong financial results for Q1 2022, with revenues of $145.9 million and net income of $27.1 million, reflecting an 18.6% net income margin. Adjusted EBITDA reached $42.3 million, highlighting a 29.0% margin. The company reported a cash balance of $297.7 million and no bank debt. Revenue growth stemmed from improved customer activity and product margins. A quarterly dividend of $0.11 per share was declared, payable on June 16, 2022. Cactus anticipates continued revenue growth across its business lines for Q2 2022.
Cactus, Inc. (NYSE: WHD) announced its first quarter 2022 earnings release will occur after market close on May 4, 2022. The Company will host a conference call to discuss the results on May 5, 2022, at 9:00 a.m. Central Time. Interested parties can access the call via webcast on Cactus' website or by phone. Cactus primarily offers wellhead and pressure control equipment designed for unconventional oil and gas wells, with operations across key U.S. regions and in Saudi Arabia.
Cactus, Inc. (NYSE: WHD) reported Q4 2021 revenues of $129.9 million and net income of $20.4 million, resulting in a net income margin of 15.7%. Adjusted EBITDA reached $36.6 million, with a margin of 28.2%. The board declared a quarterly cash dividend of $0.11 per share. Sequential gains were noted in product and rental revenues, increasing by 11.9% and 25.9%, respectively. As of December 31, 2021, Cactus had a strong cash position of $301.7 million and no bank debt. Expectations for Q1 2022 indicate continued revenue growth driven by robust oilfield activity.
Cactus, Inc. (NYSE: WHD) will release its fourth quarter and full year 2021 earnings on February 28, 2022, before market open. A conference call will follow at 9:00 a.m. CT for discussion of financial results. Interested parties can access the call via webcast at www.CactusWHD.com or by phone. The company specializes in designing, manufacturing, and renting wellhead and pressure control equipment, primarily for unconventional oil and gas wells.
Cactus, Inc. (NYSE: WHD) has announced a quarterly cash dividend increase of $0.11 per share of Class A common stock, marking a 10% rise. The dividend will be paid on March 17, 2022, to shareholders of record as of the close of business on February 28, 2022. This reflects the company's strong financial position, bolstered by a robust balance sheet and substantial free cash flow generation, allowing it to continue returning capital to shareholders.
Cactus, Inc. (NYSE: WHD) announced its Q3 2021 financial results, reporting revenue of $115.4 million, a 6% increase from the previous quarter. Net income reached $17.2 million with diluted earnings per share of $0.21. Adjusted EBITDA was $32.0 million with a margin of 27.7%. The company maintained a strong cash balance of $302 million and has no bank debt. A quarterly dividend of $0.10 per share was declared, payable on December 16, 2021. CEO Scott Bender expressed optimism for continued growth and market share gains amid inflationary pressures.
Cactus, Inc. (NYSE: WHD) will release its third quarter 2021 earnings on November 3, 2021, after market close. A conference call to discuss the results is scheduled for November 4, 2021, at 9:00 a.m. CT. Investors can participate via webcast or by calling (833) 665-0603 in the U.S. and (929) 517-0394 internationally. Cactus specializes in wellhead and pressure control equipment, serving the oil and gas sector, with operations in key U.S. regions and Eastern Australia.
Cactus, Inc. (NYSE: WHD) and National Energy Services Reunited Corp. (NASDAQ: NESR) have entered an agreement to provide and deploy Cactus frac rental equipment in the Middle East. This collaboration aims to leverage Cactus' innovative products and NESR's extensive market presence to enhance unconventional oil and gas development in the region. Cactus CEO Scott Bender expressed optimism about growth prospects, while NESR CEO Sherif Foda highlighted the significance of their partnership for delivering efficient services to customers. Both companies anticipate a significant value addition for their clients.
Cactus, Inc. (NYSE: WHD) reported robust second quarter results for 2021, with revenues of $108.9 million, a 29% sequential increase. Operating income rose to $17.3 million, up 49%. The company achieved a net income of $14.8 million or $0.18 per diluted share. Cash flow from operations was $27.5 million, and cash balance stood at $309.1 million with no debt. The Board approved an 11% increase in the quarterly cash dividend to $0.10 per share, payable on September 16, 2021. Significant revenue growth in the Product and Rental segments was observed, enhancing shareholder returns.
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