WHD Earnings Prediction
The chart below shows how WHD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WHD sees a +2.13% change in stock price 10 days leading up to the earnings, and a +0.81% change 10 days following the report. On the earnings day itself, the stock moves by +0.07%. This data can give you a slight idea of what to expect for the next quarter's release.
WHD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
293.18M
1.84%
0.96%
Gross Margin
38.99%
0.15%
-0.61%
Operating Margin
26.24%
-8.44%
-7.87%
Net Margin
21.30%
-9.86%
-1.93%
EPS
0.62
-22.50%
-17.33%
No Data Available
WHD Earnings Analysis
Cactus, Inc. Corporation (WHD.N) Earnings Conference Call
Positive
Spoolable Technology Revenue Surge: 1. Record Revenue in Spoolable Technology Segment: The spoolable Technology segment achieved record quarterly revenue, contributing to total company revenue of $293 million, which was up 1% sequentially.
Adjusted EBITDA Performance: 2. Strong Adjusted EBITDA Margin: The company reported an adjusted EBITDA of $100 million with a margin of 34.2%, demonstrating strong operational efficiency despite market challenges.
Cash Balance Improvement: 3. Increased Cash Position: Cactus Inc. increased its cash balance to $303 million, reflecting disciplined working capital management and strong operating earnings.
International Revenue Surge: 4. International Revenue Growth: International revenue in spoolable Technologies for 2024 has already doubled compared to the full year performance of 2023, indicating strong growth potential in this segment.
Dividend Commitment to Shareholders: 5. Consistent Dividend Payments: The company paid a quarterly dividend of $0.13 per share, resulting in a cash outflow of approximately $11 million, showcasing a commitment to returning value to shareholders.
Negative
Adjusted EBITDA Decline: 1. Decline in Adjusted EBITDA: Total adjusted EBITDA for Q3 2024 was $100 million, down 3% sequentially from the previous quarter.
Pressure Control Revenue Decline: 2. Pressure Control Revenue Decrease: Revenue for the Pressure Control segment was $185 million, reflecting a 1.1% sequential decline due to unforecasted shipments not repeating from the prior quarter.
Operating Income Decrease: 3. Operating Income Decline: Operating income decreased by $3.1 million or 5.6% sequentially, with operating margins dropping by 130 basis points due to miscellaneous charges, including customer bankruptcies.
Rising Corporate Expenses: 4. Increased Corporate Expenses: Corporate and other expenses rose to $8.7 million in Q3, up $2.8 million sequentially, primarily due to professional fees related to a now-abandoned inorganic growth opportunity.
Q4 Revenue Decline Forecast: 5. Expected Revenue Decline in Q4: Preliminary expectations indicate a mid-single digit dip in Pressure Control revenue for Q4, attributed to lower U.S. land drilling activity and seasonal factors.
WHD FAQs
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WHD Earning Call Sentiment
Cactus Inc. (WHD) Q3 2024 Earnings Call Transcript
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00:00
00:00
WHD.N
-2.19%Positive
The earnings call summary presents a mixed picture. Basic financial performance shows modest growth but declining margins, while product development faces delays in international expansion. Market strategy lacks clarity, and financial health is stable but not strong. Shareholder return is positive with a dividend increase. Q&A reveals cautious optimism but also operational and economic risks. Given the market cap, the overall sentiment suggests a neutral stock price movement in the short term, balancing positive shareholder returns with operational and economic challenges.
