NYSE$WHD
Cactus · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Cactus reported strong Q1 2023 results driven by robust activity in the U.S. and internationally.
Cactus delivered impressive Q1 2023 results, highlighted by revenue growth and strong profitability. The company benefited from increased drilling and completion activity, particularly in the U.S. and internationally. Cactus remains optimistic about the outlook for the remainder of the year.
- Revenue increased due to higher drilling and completion activity.
- Profitability improved driven by operational efficiency and favorable pricing.
- International expansion contributed to revenue growth.
- Company expects continued growth in the coming quarters.
Headline financials
Revenue & EPS history
Cactus · Revenue · Quarterly
$228M
Forward guidance
Cactus anticipates continued growth and profitability in the upcoming quarters, driven by sustained activity levels and strategic initiatives.
Tailwinds
- Strong demand for products and services.
- Increasing international presence.
- Focus on operational efficiency.
- Favorable industry trends.
- New contract wins.
Headwinds
- Potential supply chain disruptions.
- Fluctuations in commodity prices.
- Increased competition.
- Geopolitical risks.
- Uncertainty in regulatory environment.
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 2023
+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
| Quarter | Report date | Reaction (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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