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WHD - Cactus: Stable Margins, Expanding Strategy Beyond North America
Cactus Inc. Class A
2025-09-19 14:36:58 ET
Short-Term Pain, Long-Term Gain
Cactus, Inc. ( WHD ) is feeling the sting from steel tariffs—China imports are way up in cost, and even Vietnam isn’t the bargain it used to be. Margins are under pressure, and while the company’s shifting sourcing helps, it’s not a quick fix. Frac activity is unlikely to see a rebound soon, which means softer revenue in the near term....