NYSE$WHD
Cactus · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Cactus reported revenue of $140.2 million, income from operations of $36.1 million, and net income of $31.3 million for Q4 2019.
Cactus announced its Q4 and Full Year 2019 results, reporting Q4 revenue of $140.2 million and net income of $31.3 million. Despite a decline in the U.S. onshore rig count, the company's results were consistent with expectations, and the overall margin profile remained strong. Cactus highlighted its ability to generate significant free cash flow, with cash growing by over $35 million during the quarter.
- Reported revenue of $140.2 million.
- Generated income from operations of $36.1 million.
- Reported net income of $31.3 million and diluted earnings per Class A share of $0.38.
- Generated cash flow from operations during the fourth quarter of 2019 of $61.4 million.
Headline financials
Revenue & EPS history
Cactus · Revenue · Quarterly
$140M
Forward guidance
Cactus anticipates that revenue across all its business lines will increase relative to the fourth quarter of 2019. Additionally, the adoption of our new frac innovations has continued to progress during the first quarter.
Tailwinds
- Customers have again shown a willingness to quickly increase completion activity following the reset of budgets in January.
- Anticipate that revenue across all our business lines will increase relative to the fourth quarter of 2019.
- The adoption of our new frac innovations has continued to progress during the first quarter.
- Believe the capital-light nature of the business will further separate us from our peers.
- Expect 2020 to highlight our ability to gain market share at attractive margins and generate substantial free cash flow.
Headwinds
- Larger than anticipated decline in the overall U.S. onshore rig count during the fourth quarter.
- Typical seasonal slowdown in Field Service due in part to lower completions activity driven by E&P budget exhaustion.
- Travel restrictions, quarantines and other measures being taken by the Chinese government in response to the recent coronavirus outbreak affected our Chinese supply chain in February.
- Should there be additional measures taken by the Chinese government in response to negative developments in the outbreak, it could impact our future operating results.
- Progress is being made toward returning our supply chain to full capacity.
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 Q4 2019
+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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