Field service and other revenue 14,120 34,423 45,065 68,161 Total revenues 66,548 168,493 220,687 327,368 Costs and expenses Cost of product revenue 25,962 57,517 82,097 110,535 Cost of rental revenue When considering these forward-looking statements, you should keep in mind the risk factors and other factors noted in the Company’s Annual Report on Form 10-K, any Quarterly Reports on Form 10-Q and the other documents that the Company files with the Securities and Exchange Commission. Cartus is the trusted leader among global relocation companies, providing corporate relocation services to organizations of all sizes. Additional information regarding market share and rigs followed is located in the Supplemental Information tables. Reconciliation of GAAP to non-GAAP Financial Measures I am encouraged by the swift rebound in oil prices from April lows, which provides optimism for a potential improvement in completion activity versus late second quarter levels. You may also listen to the recording of the earnings webcast via the Investor Information section of the Realogy website. (unaudited). Cactus defines diluted earnings per share, as adjusted as net income, as adjusted divided by weighted average shares outstanding, as adjusted. Cactus, Inc. designs, manufactures, sells and rents highly-engineered wellheads and pressure control equipment. Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Net income, as adjusted and diluted earnings per share, as adjusted The company operates primarily in the Permian, SCOOP/STACK, Marcellus, Utica, Eagle Ford and Bakken. HOUSTON--(BUSINESS WIRE)--Cactus, Inc. (NYSE: WHD) (“Cactus” or the “Company”) today announced financial and operating results for the second quarter of 2020.

Cactus operates service centers in the United States, which are strategically located in the key oil and gas producing regions, including the Permian, SCOOP/STACK, Marcellus, Utica, Eagle Ford and Bakken, among other areas, and in Eastern Australia. Prepaid expenses and other current assets, Accrued expenses and other current liabilities, Current portion of liability related to tax receivable agreement, Finance lease obligations, current portion, Operating lease liabilities, current portion, Liability related to tax receivable agreement, net of current portion, Finance lease obligations, net of current portion, Operating lease liabilities, net of current portion, Condensed Consolidated Statements of Cash Flows, Reconciliation of net income to net cash provided by operating activities, Gain from revaluation of liability related to tax receivable agreement. A corresponding distribution of up to $0.09 per CW Unit has also been approved for holders of CW Units of Cactus Wellhead, LLC, which will have the same record and payment dates as applicable to the dividend declared with respect to the Company’s Class A common stock. “While the overall U.S. rig count may trend lower in the near term, we believe that Cactus’ rigs followed bottomed around mid-year assuming commodity prices hold near current levels. The sequential decrease was primarily due to lower payroll expenses, which was partially offset by higher non-cash stock-based compensation. The Company has lowered its full year 2020 net capital expenditures guidance to be in the range of $20 to $25 million. EBITDA and Adjusted EBITDA Gross profit decreased $4.5 million, or 63.1%, sequentially, with margins declining by 440 basis points sequentially as higher depreciation expense as a percent of revenue was partially offset by lower payroll-related expenses, improved labor utilization and rationalization of the field service vehicle fleet. EBITDA and Adjusted EBITDA are supplemental non-GAAP financial measures that are used by management and external users of the Company’s consolidated financial statements, such as industry analysts, investors, lenders and rating agencies. Full Year 2019 Highlights. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]))/+((+!![]+[])+(!+[]+(!![])+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!! EBITDA and Adjusted EBITDA are not measures of net income as determined by GAAP.

During the second quarter, the Company made dividend payments and associated distributions of $6.8 million. Reconciliation of GAAP to non-GAAP Financial Measures Cartus has historically raised $0 in funding Cactus has filed for additional tariff refunds related to these exclusions. IR@CactusWHD.com.

Adjusted EBITDA is a non-GAAP financial measure. Cautionary Statement Concerning Forward-Looking Statements. Cactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment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epresents non-routine charges related to severance benefits. Cactus revenue from 2016 to 2020. Represents the increase in tax expense as though Cactus, Inc. owned 100% of Cactus LLC at the beginning of the period, calculated as the difference in tax expense recorded during each period and what would have been recorded, adjusted for pre-tax items listed above, based on a corporate effective tax rate of 26.0% on income before income taxes for the three months ended June 30, 2020 and March 31, 2020, and 24.0% for the three months ended June 30, 2019. Cactus defines EBITDA as net income excluding net interest, income tax and depreciation and amortization. Dilution for the three and six months ended June 30, 2020 includes $3.4 million and $18.5 million, respectively, of additional pre-tax income attributable to non-controlling interest adjusted for a corporate effective tax rate of 26%, and 27.9 million weighted average shares of Class B common stock plus the dilutive effect of restricted stock unit awards. Depreciation and Amortization by Category. Net income during the second quarter of 2019 is inclusive of $4.0 million of additional tax expense related to a valuation allowance accrual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ee Cactus's revenue, employees, and funding info on Owler, the world’s largest community-based … (unaudited). Second quarter 2020 field service and other revenue decreased $16.8 million, or 54.4%, sequentially, as lower customer activity drove a significant decrease in associated billable hours and ancillary services. The risk factors and other factors noted therein could cause actual results to differ materially from those contained in any forward-looking statement. SG&A for the second quarter of 2020 was $8.7 million (13.1% of revenues), compared to $13.7 million (8.9% of revenues) for the first quarter of 2020 and $13.3 million (7.9% of revenues) for the second quarter of 2019. Cactus, Inc. is based in HOUSTON. Reported a Net loss of $188 million due predominately to the impairment charge taken in third quarter of 2019, the tax expense associated with the tax gain on the relocation sale, and higher interest expense. Net income during the second quarter of 2020 is inclusive of $0.9 million in non-routine charges related to severance and $1.3 million in additional income related to the revaluation of the tax receivable agreement liability. Liquidity, Capital Expenditures and Other. Generated Revenue of $5.6 billion, a decrease of 3% year over year. Nonetheless, as total Company revenues for the third quarter are likely to be down sequentially, we will continue to manage our costs as appropriate.”, Mr. Bender concluded, “Our cost structure is highly variable, our capital requirements are modest, and our management team is well aligned with our shareholders. Please check your download folder. [])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]))/+((!+[]+(!![])+!![]+!![]+[])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])-[])+(!+[]-(!![]))+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![])+(+!![])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!!

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