WHD - Cactus Non-GAAP EPS of $0.57 beats by $0.05 revenue of $187.8M misses by $1.49M
- Cactus press release ( NYSE: WHD ): Q4 Non-GAAP EPS of $0.57 beats by $0.05 .
- Revenue of $187.8M (+44.6% Y/Y) misses by $1.49M .
- Adjusted net income margin of 23.2%.
- Adjusted EBITDA and Adjusted EBITDA margin of $66.4M and 35.4%, respectively.
- Cash flow from operations of $39.3M.
- “Looking ahead to the first quarter of 2023, we anticipate continued revenue growth. While the overall level of U.S. onshore drilling activity has waned in recent months, we expect another increase in Cactus’ rigs followed during the first quarter. Since the second half of 2022, larger, well capitalized operators have increased activity, which has typically been a positive sign for Cactus. Additionally, our working capital outflows should meaningfully decline during early 2023."
For further details see:
Cactus Non-GAAP EPS of $0.57 beats by $0.05, revenue of $187.8M misses by $1.49M