NYSE$WHD

Cactus · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Cactus reported strong first-quarter results driven by increased drilling activity and market share gains.

Cactus Inc. announced a strong first quarter, exceeding expectations with revenue of $127.1 million and EPS of $0.27. The company benefited from increased drilling activity and market share gains, particularly in the Permian Basin.

  • Revenue increased to $127.1 million, surpassing expectations.
  • Earnings per share (EPS) reached $0.27.
  • The company experienced increased drilling activity, driving growth.
  • Cactus gained market share, particularly in the Permian Basin.

Headline financials

Total Revenue

$146M

Previous: $84.4M+72.8%
EPS (adj)

$0.30

Previous: $0.11+172.7%
Adjusted EBITDA

$37.4M

Previous: $14.6M+156.2%
Operating Income Margin

21.2%

Previous: 6.1%+247.5%
Net Income Margin

16.5%

Previous: 4.5%+266.7%
Free Cash Flow

$20.6M

Previous: $11.6M+78.4%
Net Income

$20.6M

Previous: $11.6M+78.4%
Operating Income

$31M

Previous: $11.6M+166.4%
Gross Profit

-$480K

Previous: -$1.31M+63.3%
Cash & Equivalents

$298M

Previous: $292M+2.0%
Total Assets

$1.03B

Previous: $878M+16.9%

Revenue & EPS history

Cactus · Revenue · Quarterly

$146M

Q1 2022+72.8%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

Cactus anticipates continued growth in the coming quarters, driven by sustained drilling activity and market share expansion. The company expects revenue to increase, with further improvements in profitability.

Tailwinds

  • Anticipates continued growth in drilling activity.
  • Expects further market share expansion.
  • Projects increased revenue in upcoming quarters.
  • Foresees improvements in profitability.
  • Benefits from strong demand in the Permian Basin.

Headwinds

  • Potential supply chain disruptions could impact production.
  • Fluctuations in oil prices may affect customer spending.
  • Increased competition in the market could pressure margins.
  • Regulatory changes could increase operating costs.
  • Geopolitical instability could create uncertainty.

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 2022

Historical avgQ1 2022

+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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