NYSE$WHD

Cactus · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Announced financial and operating results for the first quarter of 2020.

Cactus, Inc. reported a 9.9% increase in revenues from the previous quarter, reaching $154.1 million, with growth across all business lines. Income from operations grew 11.4% sequentially to $40.2 million. The company's cash balance reached $230 million with no debt outstanding.

  • Revenues increased 9.9% from fourth quarter 2019 to $154.1 million, with growth across all business lines.
  • Income from operations grew 11.4% sequentially to $40.2 million.
  • Net income was reported at $33.1 million and diluted earnings per Class A share of $0.40.
  • Cash balance of $230 million was reported with no debt outstanding as of March 31, 2020.

Headline financials

Total Revenue

$154M

Previous: $159M-3.0%
EPS (adj)

$0.41

Previous: $0.49-16.3%
Adjusted EBITDA

$54.1M

No prior period
Operating Income Margin

26.1%

No prior period
Adjusted EBITDA Margin

35.1%

No prior period
Free Cash Flow

$19M

Previous: $26.8M-29.2%
Net Income

$19M

Previous: $26.8M-29.2%
Operating Income

$40.2M

Previous: $48.5M-17.1%
Gross Profit

-$1.35M

Previous: -$125K-982.4%
Cash & Equivalents

$230M

Previous: $88.1M+161.2%
Total Assets

$850M

Previous: $743M+14.5%
Stock-Based Comp

$1.97M

Previous: $1.68M+17.7%

Revenue & EPS history

Cactus · Revenue · Quarterly

$154M

Q1 2020-3%vs Q1 2019
Beat estimate in 11 of 12 quarters(92%)
ActualEstimate

Forward guidance

Given the magnitude of the activity change, the company is expecting lower revenues and margins across all of its business lines in the second quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.5%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+0.6%

Avg return

30 days after

67%

22 / 33 earnings

Positive

+15.7%

Q1 2020

Best reaction

-11.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%-0.1%+0.8%
Q4 2025-11.2%-13.4%-16.6%
Q3 2025+2.0%+2.1%+1.5%
Q1 2025+4.6%+4.9%+8.1%
Q4 2024-8.9%-15.1%-20.1%
Q3 2024+3.9%+7.5%+20.3%
Q2 2024+6.7%+9.0%+5.0%
Q1 2024-0.7%-1.6%-9.0%
Q4 2023-0.2%-1.0%+7.1%
Q3 2023+0.1%+1.0%-4.6%
Q2 2023+2.8%+3.9%+10.4%
Q1 2023-3.6%-8.8%+6.0%
Q4 2022+0.3%-2.7%-20.3%
Q3 2022+6.8%+7.5%-4.8%
Q2 2022+2.3%+10.2%+4.8%
Q1 2022-7.4%-15.3%+0.4%
Q4 2021-0.5%+5.8%+17.9%
Q3 2021-4.6%+0.4%-18.6%
Q2 2021+1.7%-0.1%+5.4%
Q1 2021+8.1%+2.5%+22.2%
Q4 2020+10.4%-2.8%-6.6%
Q3 2020+3.7%+29.6%+51.5%
Q2 2020+1.9%+6.1%+5.2%
Q1 2020+15.7%+6.6%+24.1%
Q4 2019-3.4%+6.6%-57.3%
Q3 2019+1.6%+6.9%+3.2%
Q2 2019+1.7%-4.8%-13.7%
Q1 2019+2.2%+3.6%-10.3%
Q4 2018-1.0%+2.7%+3.4%
Q3 2018+4.7%+10.5%-13.8%
Q2 2018+4.9%+5.9%+4.5%
Q1 2018+6.0%+12.5%+12.5%
Q4 2017+3.3%+4.7%+2.2%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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