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Cactus Inc (WHD)
NYSE:WHD
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.71Last Year’s EPS
0.81Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 11.34%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed performance with notable achievements in the Spoolable Technologies segment and successful international expansion, but faced challenges in the Pressure Control segment and decreased EBITDA margins. The strong cash position and record revenue in certain segments highlight resilience, while sequential declines indicate areas for improvement.Company Guidance
During the Cactus Q3 2024 earnings call, the company provided several key metrics and guidance for the upcoming quarter. The company's total revenue for Q3 was reported at $293 million, with an adjusted EBITDA of $100 million, leading to an adjusted EBITDA margin of 34.2%. The cash balance increased to $303 million by the end of the quarter. For the fourth quarter, Cactus expects the Pressure Control segment revenue to experience a mid-single-digit decline due to lower U.S. land drilling activity and seasonal factors. Adjusted EBITDA margins for this segment are projected to be between 33% and 35%. The Spoolable Technologies segment is anticipated to see a mid- to high-single-digit revenue decline, with adjusted EBITDA margins expected to range from 36% to 38%. The company also highlighted ongoing international expansion efforts, particularly in the Middle East, and anticipates continued growth in international revenue for the Spoolable Technologies segment. Additionally, Cactus plans to pay a quarterly dividend of $0.13 per share in December and has revised its full-year 2024 capital expenditure outlook to between $32 million and $37 million.Record Revenue in Spoolable Technologies
The Spoolable Technologies segment reported record quarterly revenue, with a 4.3% sequential growth due to resilient domestic customer activity.
International Expansion Success
International revenue in Spoolable Technologies doubled in 2024 compared to 2023, indicating successful international expansion efforts.
Strong Cash Position
The company increased its cash and cash equivalents balance by $57 million, ending the quarter with a cash balance of $303 million.
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WHD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WHD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $57.15 | $59.18 | +3.55% |
| Jul 31, 2024 | $62.86 | $61.74 | -1.78% |
| May 01, 2024 | $49.22 | $50.97 | +3.56% |
| Feb 28, 2024 | $45.39 | $45.60 | +0.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Cactus Inc (WHD) report earnings?
Cactus Inc (WHD) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Cactus Inc (WHD) earnings time?
Cactus Inc (WHD) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WHD EPS forecast?
WHD EPS forecast for the fiscal quarter 2024 (Q4) is 0.71.
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