Cactus, Inc. (WHD) Tops Q1 EPS by 5c, Revenues Beat
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Cactus Announces First Quarter 2020 Results
April 29, 2020 5:10 PM EDTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the first quarter of 2020.
Highlights
Increased revenues 9.9% from fourth quarter 2019 to $154.1 million, with growth across all business lines; Grew income from operations 11.4% sequentially to $40.2 million; Reported net income of $33.1 million(1) and diluted earnings per Class A share of $0.40(1); Generated net income, as adjusted(2) of $30.8 million and diluted earnings per share, as adjusted(2) of $0.41; Reported Adjusted EBITDA(3) and related margin(4) of $54.1 million and 35.1%, respectively; Generated... More