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AI brief of an SEC Form 8-K · Cactus (WHD)

Cactus Q3 revenue rises to $293.2 million, but net income falls to $62.4 million

Mixed Impact 3 of 5 earnings Written later

Cactus reported third quarter 2024 revenue of $293.2 million, up from $287.9 million a year earlier, while net income fell to $62.4 million from $68.0 million and diluted earnings per Class A share fell to $0.74 from $0.80. The company also cut its full-year 2024 net capital expenditure range to $32 million to $37 million and said it is no longer pursuing a growth opportunity that drove non-routine corporate expenses.

Key points

  • Q3 2024 revenue was $293.2 million, compared with $290.4 million in the second quarter of 2024 and $287.9 million in the third quarter of 2023.
  • Operating income was $76.8 million, down from $87.6 million a year earlier, and net income was $62.4 million, down from $68.0 million.
  • Adjusted EBITDA was $100.4 million, a 34.2% margin, and cash and cash equivalents were $303.4 million with no bank debt as of September 30, 2024.
  • The Board declared a quarterly dividend of $0.13 per Class A share, payable December 19, 2024, and full-year 2024 net capital expenditures are now expected to be $32 million to $37 million.

The filing

CompanyCactus (WHD)
Form8-K, current report
Filed with the SECOct 30, 2024, 5:49 PM ET
Accession number0001699136-24-000115

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.