Cactus Announces Third Quarter 2018 Results
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Cactus, Inc. (WHD) Tops Q3 EPS by 2c, Revenues Beat
October 31, 2018 4:41 PM EDTCactus, Inc. (NYSE: WHD) reported Q3 EPS of $0.52, $0.02 better than the analyst estimate of $0.50. Revenue for the quarter came in at $150.7 million versus the consensus estimate of $147.25 million.
Increased revenues 8.7% from second quarter 2018 to $150.7 million, with growth in all business lines;Grew income from operations 12.1% sequentially to $52.1 million;Generated net income of $43.6 million and net income, as adjusted(1) of $39.2 million;Reported diluted earnings per Class A share of $0.52 and diluted earnings per share, as adjusted(1) of $0.52;Increased Adjusted EBITDA(2) and related margin(3) to $61.3 million and 40.7%, respectively, from $55.1 million and... More