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Cactus Q3 2023 Earnings Report

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$47.28 -0.02 (-0.04%)
As of 03/25/2025 03:58 PM Eastern

Cactus EPS Results

Actual EPS
$0.80
Consensus EPS
$0.81
Beat/Miss
Missed by -$0.01
One Year Ago EPS
$0.52

Cactus Revenue Results

Actual Revenue
$287.80 million
Expected Revenue
$288.20 million
Beat/Miss
Missed by -$400.00 thousand
YoY Revenue Growth
+56.00%

Cactus Announcement Details

Quarter
Q3 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Cactus Earnings Headlines

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Cactus price target lowered to $54 from $61 at Barclays
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About Cactus

Cactus (NYSE:WHD), together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells. This segment also provides field services to install, maintain, and handle the equipment. The Spoolable Technologies segment designs, manufactures, and sells spoolable pipes and associated end fittings under the FlexSteel brand name. Its products are primarily used to transport oil, gas, and other liquids. This segment also provides field services and rental items through service centers and pipe yards, as well as offers equipment and services internationally. In addition, the company offers repair and refurbishment services. Cactus, Inc. was founded in 2011 and is headquartered in Houston, Texas.

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