Cactus, Inc. (WHD) Tops Q2 EPS by 11c, Revenues Beat
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Cactus Announces Second Quarter 2020 Results
July 29, 2020 5:15 PM EDTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the second quarter of 2020.
Second Quarter Highlights
Revenue of $66.5 million; Income from operations of $8.9 million; Net income of $9.1 million(1) and diluted earnings per Class A share of $0.11(1); Net income, as adjusted(2) of $7.4 million and diluted earnings per share, as adjusted(2) of $0.10; Adjusted EBITDA(3) and related margin(4) of $22.5 million and 33.8%, respectively; Cash flow from operations of $57.4 million; Cash balance of $270.7 million and no debt... More