Cactus (WHD) Q1 FY26 earnings call

Earnings call· Mar 2026 (Q1 FY26)· Energy· May 7, 2026

Source: earnings call transcript

Cactus delivered strong Q1 FY26 results, driven by the acquisition of Cactus International and robust performance in Spoolable Technologies, which saw record international sales. While the Middle East conflict presents headwinds and logistics challenges, the company is actively pursuing operational efficiencies and supply chain optimization, including increasing synergy targets for the acquisition. Management expresses guarded optimism for the oil and gas market, anticipating increased customer activity despite ongoing geopolitical complexities.

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WHD operating KPIs by quarter

WHD operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Backlog	$537M Total company remaining performance obligations or backlog ended the quarter at $537 million. Source: earnings call transcript	$455.8M Total company remaining performance obligations or backlog ended the quarter at $455.8 million. Source: earnings call transcript	-15.1%

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.