CACTUS INC. CL.A DL-,01

Cactus shares rose to $69.00, marking a 52-week high and a roughly 80% gain year-to-date. In Q2 2026, Cactus beat expectations with adjusted earnings of $0.93 per share and revenue of $449.5 million; adjusted EBITDA increased 32.5%. The company raised its quarterly dividend by 7% to $0.15 and lifted its outlook for annual investments, supported by strong growth in Pressure Control and Spoolable Technologies and by customs refunds. » More on de.investing.com

Cactus shares rose to a 52-week high of $64.44, up about 59.44% year to date, giving the company a market capitalization of $5.07 billion. For Q2 2026 Cactus reported adjusted earnings of $0.93 per share and revenue of $449.5 million, well above analysts’ estimates, and adjusted EBITDA of $133 million. The company raised the quarterly dividend by 7% to $0.15, saw growth in Pressure Control and Spoolable Technologies, and received roughly $10 million in customs refunds. Investor note: an analysis currently rates the stock above its fair value; management raised its guidance for annual capital expenditures. » More on de.investing.com

Cactus elected Tana Utley to its board; Utley was vice president at Caterpillar until 2022 and brings extensive management experience. The board shrank to eight members, including six independent directors, after two members were not re-elected. At the same time, the company promoted Steven Bender, previously COO, to CEO of the spoolable technologies segment; Stephen Tadlock will now focus on the Cactus International joint venture. Houston-based Cactus manufactures pressure-control and spoolable-pipe technologies and, according to InvestingPro, has a solid balance sheet with more cash than debt; the stock is trading near its 52-week high. » More on de.investing.com