Cactus reports Q4 adjusted EPS 71c, consensus 72c

Reports Q4 revenue $272.1M, consensus $277.59M. CEO Scott Bender commented, “Full year results for 2024 reflect solid performance in both of our business segments. In Q4, adjusted EBITDA margins remained strong, although revenues were softer than anticipated in our Spoolable Technologies segment due to elevated seasonal industry slowdowns. In Q1 2025, we anticipate that U.S. land activity levels will be unchanged from Q4 2024…Activity in Q1 has been slow to recover from deeper than anticipated seasonal declines at the end of Q4. Similar to prior years, we expect that Spoolable Technologies revenues will increase in the seasonally stronger Q2. I remain immensely proud of the business our team has established, with two segments that outperformed the lower year-over-year average industry activity levels in 2024…Although expectations for 2025 U.S. land activity levels remain soft, we have several initiatives underway that are intended to grow our customer base and mitigate potential tariff impacts, including further international sales growth, diversifying our supply chain, and introducing new products.”