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Cactus Inc (WHD)
NYSE:WHD
Earnings Data
Report Date
May 06, 2026During Market Hours (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.68Last Year’s EPS
0.73Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call communicated a mix of solid core profitability, strong cash position, and a transformative acquisition that management believes will drive material supply‑chain synergies and international growth over the medium term. Near‑term headwinds include seasonal softness in Spoolable Technologies, modest sequential declines in total revenue and EBITDA, integration and transaction costs, tariff uncertainty, and an observed order slowdown at the recently acquired Cactus International that may pressure margins and results through 2026. Management's tone was optimistic about long‑term upside (synergies, market share gains in the Middle East, Vietnam ramp), but realistic about short‑term dilution and timing of benefits.Company Guidance
Total Company Results — Strong Profitability
Q4 revenue of $261 million; adjusted EBITDA of $85 million and adjusted EBITDA margin of 32.7% (only a 20 bps decline from Q3's 32.9%). GAAP net income of $48 million and adjusted net income of $52 million ($0.65 per share).
Pressure Control Segment Outperformance
Pressure Control Q4 revenue of $178 million, up 5.8% sequentially; operating income increased $4.1 million (9.3% sequential increase) and operating margins expanded by 90 basis points; adjusted segment EBITDA rose 7.2% sequentially with margins improving ~50 basis points. Management states U.S. Pressure Control is performing at its highest level since company inception.
Successful Close of Transformational Acquisition (Cactus International)
Closed majority interest in Baker Hughes Surface Pressure Control (Cactus International) on Jan 1. Acquisition described as transformational with large installed base, geographic scale in Mid‑East, and expected supply‑chain synergies; management reiterated a target of $10 million annualized synergies and noted visibility into meaningful supply chain savings into 2027.
Cash and Capital Allocation Strength
Ended the quarter with $495 million in cash (including $371 million held in escrow for the acquisition) — a sequential increase of $49 million despite a $23 million cash TRA payment and acquisition-related disbursements. Board approved and paid a quarterly dividend of $0.14 per share.
Spoolable Technologies — International Momentum and Product Innovation
Although seasonally down in Q4, Spoolable reported a record level of international products sold in 2025. Management is introducing several new SKUs and expects pilots with a large Mid‑East customer in 2026 that should benefit 2027 revenues and competitive moat.
Controlled CapEx and 2026 Guidance
Q4 net CapEx of ~$4 million and FY2025 net CapEx of $39 million (in line with prior guidance). FY2026 net CapEx guidance of $40–$50 million, including investments in Cactus International, FlexSteel manufacturing efficiencies, U.S. branch upgrades, and Saudi Wellhead facility enhancements.
Operational Outlook — Pressure Control Revenue Guidance
Q1 Pressure Control revenue guidance of ~$295–305 million with expected international contribution of ~$130–140 million; management expects modestly softer U.S. product sales per rig but stable drilling/completion activity.
API/Vietnam Ramp and Tariff Mitigation Progress
Vietnam facility ramping with API certification expected early in Q2, enabling displacement of China shipments and materially lower tariff exposure (Vietnam tariffs ~50% vs China 75% on many goods), which should improve margins as production shifts.
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 |
|---|---|---|---|
Feb 25, 2026 | $58.00 | $51.56 | -11.10% |
Oct 29, 2025 | $42.13 | $43.02 | +2.11% |
Jul 30, 2025 | $46.49 | $42.03 | -9.59% |
Apr 30, 2025 | $37.57 | $39.31 | +4.63% |
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 May 06, 2026, During Market Hours (Confirmed).
What is Cactus Inc (WHD) earnings time?
Cactus Inc (WHD) earnings time is at May 06, 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 (Q1) is 0.68.