Brief: Cactus Inc Says Near Term Margins To Be Impacted By Purchase Accounting And Sale Of Higher Cost Inventory

Cactus

20/03/2023 11:22

March 20 (Reuters) - Cactus Inc  WHD.N :
    * CACTUS INC - NEAR TERM MARGINS TO BE IMPACTED BY PURCHASE
ACCOUNTING AND SALE OF HIGHER COST INVENTORY
    * CACTUS INC - Q1 2023 U.S. LAND RIGS FOLLOWED EXPECTED TO
BE UP
ABOUT 5% VERSUS Q4 2022
    * CACTUS INC - FLEXSTEEL BUSINESS ESTIMATED TO CONTRIBUTE
ABOUT
$27 MILLION TO $29 MILLION OF REVENUE IN Q1

Source: [ID: https://bit.ly/42sRcY3]
Further company coverage:  WHD.N 

 ((Reuters.Briefs@thomsonreuters.com;))