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Sep 30, 2021
Cactus Q3 2021 Earnings Report
Reported strong third-quarter results driven by increased drilling activity and market share gains.
Key Takeaways
Cactus reported a strong third quarter with revenue increasing 16% sequentially to $144.2 million and EPS of $0.32. The company benefited from increased drilling activity and market share gains. They anticipate continued growth with increased activity.
Revenue increased 16% sequentially to $144.2 million.
Earnings per share (EPS) reached $0.32.
The company experienced increased drilling activity.
Cactus gained market share during the quarter.
Cactus
Cactus
Forward Guidance
Cactus anticipates continued growth in the fourth quarter, driven by increased drilling activity and market share gains. They expect revenue to increase.
Positive Outlook
- Increased drilling activity expected to continue
- Anticipate further market share gains
- Revenue expected to increase
- Strong demand for products
- Favorable market conditions
Challenges Ahead
- Potential supply chain disruptions
- Increased competition
- Fluctuations in oil prices
- Uncertainty in regulatory environment
- Potential economic slowdown