Cactus, Inc. (NYSE: WHD) reported Q1 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $115.1 million versus the consensus estimate of $110.5 million.

If the Company’s GAAP Diluted EPS of $0.14 were adjusted for the following items, it would have been $0.34 for first quarter 2018: (i) the removal of interest expense on the term loan that was repaid in conjunction with the IPO; (ii) the removal of the loss on debt extinguishment related to the repayment of the term loan in conjunction with the IPO; (iii) additional stock-based compensation expense related to the period in 2018 prior to the IPO; and (iv) an adjustment to income tax expense to reflect the corporate effective tax rate assuming Cactus, Inc. held all units in Cactus LLC. The Company believes this supplemental information is useful for evaluating performance period over period. The table below sets forth additional detail regarding the adjustments.

For earnings history and earnings-related data on Cactus, Inc. (WHD) click here.