Cactus Q1 Revenue Tops Estimates by $6.7M, Adjusted EBITDA Also Beats
Summary
Cactus, Inc. reported stronger-than-expected first-quarter results, with revenue reaching $388.349 million, surpassing IBES estimates of $381.6 million. The company also exceeded adjusted EBITDA forecasts, reporting $100.05 million against an estimated $93.8 million. This positive performance marks a notable start to the year, especially following the 2025 annual report which indicated a decline in full-year revenue and net income, and detailed the strategic acquisition of Baker Hughes' Surface Pressure Control business. The beats on both top and bottom lines suggest successful integration and operational strength, likely driving positive investor sentiment. Traders will be watching for sustained growth and further details on the acquisition's contribution in upcoming reports.
At the time of this announcement, WHD was trading at $54.51 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $33.20 to $59.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.