Cactus, Inc. (WHD)
NYSE:WHD
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Earnings Data
Report Date
Aug 05, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.62Last Year’s EPS
0.66Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The quarter shows meaningful top-line growth and operational momentum driven by the Cactus International acquisition and record international performance in Spoolable Technologies, alongside improved adjusted earnings and a strengthened synergy target. However, significant margin compression, acquisition-related noncash charges, tariff burdens, Middle East conflict-related disruptions and working capital frictions temper the results. The company provided constructive near-term guidance for revenues and segment margins while warning of continued short-term headwinds tied to geopolitics and purchase accounting effects.Company Guidance
Total Company Revenue and Adjusted EBITDA
Q1 revenue of $388 million and adjusted EBITDA of $100 million; adjusted EBITDA margin of 25.8% (Q1 2026). Adjusted EBITDA was up $14.6 million sequentially versus Q4, driven largely by contribution from Cactus International.
Pressure Control Revenue Surge from Acquisition
Pressure Control revenues of $300 million, up nearly 70% sequentially from Q4 due to the Cactus International acquisition; segment adjusted EBITDA improved sequentially to $12.7 million despite margin pressure from acquisition-related accounting.
Spoolable Technologies Record International Performance
Spoolable Technologies revenues of $90 million, up 6.8% sequentially; operating income increased $2.6 million (12.6% sequentially). Record quarter of non-U.S. revenues with increased international orders, including ~ $30 million of incremental Latin America orders for delivery this year.
Improved Adjusted Net Income and EPS
Adjusted net income of $56 million and adjusted EPS of $0.70 in Q1, up from $52 million and $0.65 EPS in Q4, reflecting acquisition contribution and adjusted add-backs despite GAAP impacts from purchase accounting.
Balance Sheet and Cash Position
Quarter-end cash balance of $292 million (includes $98 million designated related to Cactus International/Baker Hughes restructurings). Quarterly dividend approved and paid at $0.14 per share.
Higher Synergy Target for Cactus International
Increased expected annualized synergies from the Cactus International acquisition by 50% to $15 million (up from $10 million), with reorganization actions already completed to realize these savings.
Operational Outlook and Segment Guidance
Q2 guidance: Pressure Control revenue expected to be ~flat vs Q1; Pressure Control adjusted EBITDA margins expected 22%–24%; Spoolable revenues expected to increase mid-single digits with adjusted EBITDA margins of ~36%–38% in Q2. Full-year CapEx outlook maintained at $40–$50 million.
WHD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WHD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $54.38 | $55.99 | +2.97% |
Feb 25, 2026 | $57.71 | $51.30 | -11.10% |
Oct 29, 2025 | $41.92 | $42.80 | +2.11% |
Jul 30, 2025 | $46.26 | $41.82 | -9.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cactus, Inc. (WHD) report earnings?
Cactus, Inc. (WHD) is schdueled to report earning on Aug 05, 2026, During Market Hours (Confirmed).
What is Cactus, Inc. (WHD) earnings time?
Cactus, Inc. (WHD) earnings time is at Aug 05, 2026, During Market Hours (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WHD EPS forecast?
WHD EPS forecast for the fiscal quarter 2026 (Q2) is 0.62.