Cactus, Inc. ( (WHD) ) has released its Q4 earnings. Here is a breakdown of the information Cactus, Inc. presented to its investors.
Cactus, Inc. is a company specializing in the design, manufacturing, and rental of pressure control and spoolable pipe technologies, primarily for onshore unconventional oil and gas wells. The company provides field services for its products across North America and Australia, with a presence in select international markets.
Cactus, Inc. reported its financial results for the fourth quarter and full year of 2024, highlighting a revenue of $272.1 million and a net income of $57.4 million for the quarter. The company maintained a strong cash position with $342.8 million in cash and no bank debt. Despite a slight decline in quarterly revenues, the company declared a quarterly cash dividend of $0.13 per Class A share.
Key financial metrics for the fourth quarter included an operating income of $70.5 million, an adjusted EBITDA of $92.7 million, and a net income margin of 21.1%. The Pressure Control segment saw a 4.5% decrease in revenue, while the Spoolable Technologies segment experienced an 11.2% decline due to seasonal slowdowns. However, the company managed to maintain strong adjusted EBITDA margins.
Looking ahead, Cactus, Inc. anticipates stable U.S. land activity levels in the first quarter of 2025, with expectations for flat to slightly increased revenues in the Pressure Control segment. The company is focused on expanding its customer base and mitigating potential tariff impacts through international sales growth, supply chain diversification, and new product introductions.