Cactus, Inc. (WHD) Raises Quarterly Dividend 11.1% to $0.10; 1.1% Yield
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Cactus Announces Second Quarter 2021 Results and Quarterly Cash Dividend Increase
July 28, 2021 5:25 PM EDTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the second quarter of 2021 and an increase to its quarterly cash dividend.
Second Quarter Highlights
Revenue of $108.9 million, up 29% sequentially; Income from operations of $17.3 million, up 49% sequentially; Net income of $14.8 million(1) and diluted earnings per Class A share of $0.18(1); Net income, as adjusted(2) of $12.3 million and diluted earnings per share, as adjusted(2) of $0.16; Adjusted EBITDA(3) and related margin(4) of $28.9 million and 26.5%, respectively; Cash flow from... More