Cactus, Inc. announced that it will issue its third quarter 2020 earnings release after market close on Wednesday, November 4, 2020.
The Houston-based company is coming off a second quarter where revenue plunged $46.1 million or 53% as sales of wellhead and production-related equipment dropped primarily due to lower drilling and completion activity from customers.
The company said its gross profit dropped 16 million or 51.7% sequentially. Its revenue for the second quarter was $66.5 million and income from operations totaled $8.9 million.
The Company will host a conference call to discuss financial and operational results on Thursday, November 5, 2020 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).
The call will be webcast on Cactus’ website at www.CactusWHD.com. Institutional investors and analysts may participate by dialing (866) 670-2203. International parties may dial (630) 489-9861. The access code is 9195227. Please access the webcast or dial in for the call at least 10 minutes ahead of start time to ensure a proper connection.