Cactus reports Q4 adjusted EPS 57c, consensus 50c

Reports Q4 revenue $187.8M, consensus $189.37M. Scott Bender, President and CEO of Cactus, commented, "I am extremely proud of the Cactus team and our execution during the fourth quarter, which enabled us to deliver the highest recorded Adjusted EBITDA in Company history. In our Product revenue category, market share increased to over 40% as rigs followed were up approximately 7% from the third quarter of 2022. Margins increased across all of our revenue categories during the period, showcasing our organization’s continued focus on customer service and cost management."