Houston-based oilfield services company Cactus Inc. on July 31 reported a GAAP net income of $40.8 million in the second quarter, down from $41.5 million in the year-ago quarter.
Revenues for the quarter came in at $168.5 million, up from the $138.5 million posted a year ago.
Costs and expenses for the quarter totaled $117 million, up from the $92.1 million reported during the same quarter in 2018.
Product revenue came in at $94.5 million for the quarter compared to the $73.3 million noted during the same period in 2018. Rental revenue was pegged at $39.6 million, increasing from the $34.9 million seen a year prior. Field service and other revenue totaled $34.4 million for the quarter, also up from the $30.3 million posted a year ago.