Cactus, Inc. (WHD) Tops Q3 EPS by 12c, Revenues Beat
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Cactus Announces Third Quarter 2020 Results
November 4, 2020 5:15 PM ESTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the third quarter of 2020.
Third Quarter Highlights
Revenue of $59.8 million; Income from operations of $12.6 million; Net income of $10.9 million(1) and diluted earnings per Class A share of $0.13(1); Net income, as adjusted(2) of $9.5 million and diluted earnings per share, as adjusted(2) of $0.13; Adjusted EBITDA(3) and related margin(4) of $24.6 million and 41.1%, respectively; Cash flow from operations of $18.9 million; Reduced 2020 net capital expenditure guidance to between... More