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02.06.25 - 15:31
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Baker Hughes To Form JV With Subsidiary Of Cactus (AFX)
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WASHINGTON (dpa-AFX) - Baker Hughes (BKR) announced an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (WHD), in which Baker Hughes will contribute its surface pressure con......
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02.06.25 - 14:42
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Cactus Announces Agreement to Acquire 65% Controlling Interest in Baker Hughes′ Surface Pressure Control Business (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) announced today that its subsidiary Cactus Companies, LLC has entered into a definitive agreement with certain subsidiaries of Baker Hughes Company (“Baker Hughes”) to acquire 65% and assume operational control of the Baker Hughes Surface Pressure Control Business (“SPC” or the “Business”). SPC designs, manufactures and services specialized surface pressure control solutions, primarily wellheads and production tree equipment, for international markets.
Business Highlights
Acquisition establishes Cactus' position as a premier, capital-light and geographically diversified oilfield equipment manufacturer
Transforms Cactus' geographic footprint, with ~85% of SPC revenues generated in the Middle East and no material U.S. external sales, providing for a more diverse and stable consolidated Cactus Pressure Control revenue profile through market cycles
Greater revenue, earnings and cash flow visibility from the ac...
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02.06.25 - 14:42
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Baker Hughes, Cactus Create Joint Venture for Surface Pressure Control Services (GlobeNewswire EN)
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HOUSTON and LONDON, June 02, 2025 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday an agreement to form a new joint venture with a subsidiary of Cactus, Inc. (NYSE: WHD, “Cactus”), in which Baker Hughes will contribute its surface pressure control (SPC) product line. Cactus, a global manufacturer and service provider of pressure control equipment for oil and gas drilling, completion and production, will assume operational control, owning 65% of the joint venture, while Baker Hughes will retain a 35% stake....
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02.06.25 - 14:33
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Cactus Club Cafe Announces Expansion to South Florida (PR Newswire)
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Vancouver-Based Restaurant Group Brings Its Signature Energy to Miami, With Plans for Multiple Openings MIAMI, June 2, 2025 /PRNewswire/ -- Cactus Club Cafe, the acclaimed Vancouver-based restaurant group, has announced its upcoming Florida debut, opening its first location in Downtown......
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20.05.25 - 15:03
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Securin Appoints Dr. Srinivas Mukkamala as CEO, Marking a Strategic Shift Towards AI Cybersecurity Leadership (Business Wire)
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Driving a bold strategic shift toward preemptive, AI Validation and securing AI models and applications
MILPITAS, Calif. & ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Securin, a leading provider of AI-based Adversarial Exposure Validation (AEV) solutions, today announced the appointment of Dr. Srinivas (Sri) Mukkamala as Chief Executive Officer. This leadership change marks a significant strategic shift for the company, placing AI-driven cybersecurity, with a focus on Automated Penetration Testing and AI Red Teaming, at the center of its innovation roadmap.
A strategic, innovative thinker, Dr. Mukkamala is a global leader in AI-driven cybersecurity. He founded RiskSense, acquired by Ivanti in 2021, where he revolutionized risk-based security solutions, delivering solutions to 88 Fortune 100 firms. As Chief Scientist on the Department of Defense's Computational Analysis of Cyber Terrorism against the US (CACTUS) project, he analyzed cyber threats with a focus on exploit feasibility, laying the groundwork for Adve...
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03.05.25 - 01:30
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4 Analysts Have This To Say About Cactus (Benzinga)
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Latest Ratings for WHD
DateFirmActionFromTo Mar 2022B of A SecuritiesDowngradesBuyNeutral Mar 2022Piper SandlerMaintainsNeutral Mar 2022StifelMaintainsBuy
View More Analyst Ratings for WHD
View the Latest Analyst Ratings
read more...
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30.04.25 - 23:33
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Cactus Announces First Quarter 2025 Results (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the first quarter of 2025.
First Quarter Highlights
Revenue of $280.3 million and operating income of $68.6 million;
Net income of $54.1 million and diluted earnings per Class A share of $0.64;
Adjusted net income(1) of $58.8 million and diluted earnings per share, as adjusted(1) of $0.73;
Net income margin of 19.3% and adjusted net income margin(1) of 21.0%;
Adjusted EBITDA(2) and Adjusted EBITDA margin(2) of $93.8 million and 33.5%, respectively;
Cash and cash equivalents of $347.7 million, with no bank debt outstanding as of March 31, 2025; and
In April 2025, the Board of Directors declared a quarterly cash dividend of $0.13 per Class A share.
Financial Summary
Three Months Ended
March 31,
December 31,
March 31,
2025
2024
2024
(in thousands)
Revenues
$
280,319
$
272,121
$
274,123
Operating income(3)
$
68,612
$
70,452
?...
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15.04.25 - 23:33
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Cactus Announces Timing of First Quarter 2025 Earnings Release and Conference Call (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced that it will issue its first quarter 2025 earnings release after market close on Wednesday, April 30, 2025. The Company will host a conference call to discuss financial and operational results on Thursday, May 1, 2025 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. Please access the webcast at least 10 minutes ahead of the start time to ensure a proper connection. An archived version will be available on the Company's website shortly after the end of the call.
About Cactus, Inc.
Cactus designs, manufactures, sells or rents a range of highly engineered pressure control and spoolable pipe technologies. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers' wells. In addition, it provides field services for its p...
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30.03.25 - 19:42
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China Miéville says we shouldn’t blame science fiction for its bad readers (TechCrunch)
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It's been 25 years since China Miéville stepped into the literary spotlight with his novel “Perdido Street Station.” Combining elements of science fiction, fantasy, and horror, the novel introduced readers to the fantastically complex city of New Crobuzon, filled with insect-headed khepri, cactus-shaped cactacae, and terrifying slake moths that feed on their victims' dreams. It […]...
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