NYSE$WHD

Cactus · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong third-quarter results driven by increased drilling activity and market share gains.

Cactus reported a strong third quarter with revenue increasing 16% sequentially to $144.2 million and EPS of $0.32. The company benefited from increased drilling activity and market share gains. They anticipate continued growth with increased activity.

  • Revenue increased 16% sequentially to $144.2 million.
  • Earnings per share (EPS) reached $0.32.
  • The company experienced increased drilling activity.
  • Cactus gained market share during the quarter.

Headline financials

Total Revenue

$115M

Previous: $59.8M+93.0%
EPS (adj)

$0.19

Previous: $0.13+46.2%
Adjusted EBITDA

$44.8M

No prior period
Operating Income Margin

0.2%

No prior period
Net Income Margin

0.2%

No prior period
Free Cash Flow

$12.6M

Previous: $6.23M+102.4%
Net Income

$12.6M

Previous: $6.23M+102.4%
Operating Income

$20.8M

Previous: $12.6M+65.4%
Gross Profit

-$2.46M

Previous: -$3.38M+27.1%
Cash & Equivalents

$302M

Previous: $274M+10.2%
Total Assets

$964M

Previous: $811M+18.8%

Revenue & EPS history

Cactus · Revenue · Quarterly

$115M

Q3 2021+93%vs Q3 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

Cactus anticipates continued growth in the fourth quarter, driven by increased drilling activity and market share gains. They expect revenue to increase.

Tailwinds

  • Increased drilling activity expected to continue
  • Anticipate further market share gains
  • Revenue expected to increase
  • Strong demand for products
  • Favorable market conditions

Headwinds

  • Potential supply chain disruptions
  • Increased competition
  • Fluctuations in oil prices
  • Uncertainty in regulatory environment
  • Potential economic slowdown

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 Q3 2021

Historical avgQ3 2021

+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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