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Dec 31, 2023
Cactus Q4 2023 Earnings Report
Cactus reported strong Q4 2023 earnings driven by record revenue and EPS.
Key Takeaways
Cactus delivered record revenue and EPS in Q4 2023, demonstrating the strength of its business model and execution. The company is well-positioned for continued growth in 2024.
Record Q4 revenue of $348.2 million, up 17.7% year-over-year.
Record Q4 EPS of $0.91 per share.
Strong performance driven by increased drilling activity and market share gains.
Company is optimistic about continued growth in 2024.
Cactus
Cactus
Forward Guidance
Cactus anticipates continued growth in 2024, driven by increasing drilling activity and market share gains. The company expects revenue to be in the range of $345 million to $355 million in Q1 2024.
Positive Outlook
- Increasing drilling activity
- Market share gains
- Strong demand for products and services
- Favorable pricing environment
- Continued cost management efforts
Challenges Ahead
- Potential for economic slowdown
- Fluctuations in oil prices
- Increased competition
- Supply chain disruptions
- Geopolitical risks