Cactus, Inc. (WHD) Misses Q3 EPS by 1c
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Cactus Announces Third Quarter 2021 Results
November 3, 2021 5:00 PM EDTHOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (NYSE: WHD) (Cactus or the Company) today announced financial and operating results for the third quarter of 2021.
Third Quarter Highlights
Revenue of $115.4 million, up 6% sequentially; Income from operations of $20.8 million, up 20% sequentially; Net income of $17.2 million(1) and diluted earnings per Class A share of $0.21(1); Net income, as adjusted(2) of $14.7 million and diluted earnings per share, as adjusted(2) of $0.19; Adjusted EBITDA(3) and related margin(4) of $32.0 million and 27.7%, respectively; Cash flow from operations of $8.9 million; and Cash balance of $302.0 million and no bank debt outstanding as of September 30,... More