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Cactus Exhibit 99.1 Cactus Announces Second Quarter 2021 Results and Quarterly Cash Dividend Increase - HOUSTON – July 28 , 2021 – Cactus , Inc. ( NYSE : WHD ) ( “ Cactus ” or the “ Company ” ) today announced financial and operating results for the second quarter of 2021 and an increase to its quarterly cash dividend . Second Quarter Highlights • Revenue of $ 108.9 million , up 29 % sequentially ; • Income from operations of $ 17.3 million , up 49 % sequentially ; • Net income of $ 14.8 million ( ¹ ) and diluted earnings per Class A share of $ 0.18 ( ¹ ) ; • • Net income , as adjusted ( 2 ) of $ 12.3 million and diluted earnings per share , as adjusted ( 2 ) of $ 0.16 ; Adjusted EBITDA ( ³ ) and related margin ( 4 ) of $ 28.9 million and 26.5 % , respectively ; • Cash flow from operations of $ 27.5 million ; • Cash balance of $ 309.1 million and no bank debt outstanding as of June 30 , 2021 ; and . The Board of Directors ( " the Board " ) approved an 11 % increase in the quarterly cash dividend to $ 0.10 per share . Financial Summary Revenues Income from operations Operating income margin Net income ( 1 ) Net income , as adjusted ( 2 ) Adjusted EBITDA ( 3 ) June 30 , 2021 Three Months Ended March 31 , 2021 June 30 , 2020 ( in thousands ) $ 108,893 $ 84,417 $ 17,314 $ 11,635 SA SA $ $ 66,548 8,875 15.9 % 13.8 % 13.3 % $ 14,774 $ 15,136 $ 9,095 $ 12,336 $ 8,612 $ 7,367 $ 28,908 $ 22,831 $ 22,483 26.5 % 27.0 % Adjusted EBITDA margin ( 4 ) 33.8 % ( 1 ) Net income during the second quarter of 2021 is inclusive of a $ 3.0 million income tax benefit associated with a partial release of a valuation allowance in connection with the redemption of units in Cactus Wellhead , LLC ( " Cactus LLC " ) by Cadent and other members during the period , $ 0.6 million of income tax expense related to changes in our foreign tax credit position and $ 1.0 million in other expense related to the revaluation of the tax receivable agreement liability . Net income during the first quarter of 2021 is inclusive of a $ 5.1 million income tax benefit associated with a partial release of a valuation allowance and $ 0.4 million in non - routine fees and expenses recorded in connection with the offering of Class A common stock in March 2021 by certain selling stockholders . 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 . ( 2 ) Net income , as adjusted and diluted earnings per share , as adjusted are non - GAAP financial measures . These figures assume Cactus , Inc. held all units in Cactus LLC , its operating subsidiary , at the beginning of the period . Additional information regarding net income , as adjusted and diluted earnings per share , as adjusted and the reconciliation of GAAP to non - GAAP financial measures are in the Supplemental Information tables . ( 3 ) Adjusted EBITDA is a non - GAAP financial measure . See definition of Adjusted EBITDA and the reconciliation of GAAP to non - GAAP financial measures in the Supplemental Information tables . ( 4 ) The percentage of Adjusted EBITDA to Revenues . 1