Cactus, Inc. (WHD) Tops Q3 EPS by 2c, Revenues Beat
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Cactus Announces Third Quarter 2018 Results
October 31, 2018 4:37 PM EDTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the third quarter of 2018.
Third Quarter 2018 Highlights
Increased revenues 8.7% from second quarter 2018 to $150.7 million, with growth in all business lines; Grew income from operations 12.1% sequentially to $52.1 million; Generated net income of $43.6 million and net income, as adjusted(1) of $39.2 million; Reported diluted earnings per Class A share of $0.52 and diluted earnings per share, as adjusted(1) of $0.52; Increased Adjusted EBITDA(2) and related... More