Cactus, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Cactus Q1 2021 earnings call. At this time, all attendees are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. And to ask a question during the session, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. Thank you. Now, I would like to welcome Mr. John Fitzgerald. Director of Corporate Development in IR. Sir, please go ahead.

Thank you, and good morning, everyone. We appreciate your participation in today's call. The speakers on today's call will be Scott Bender, our Chief Executive Officer, and Steve Tadlock, our Chief Financial Officer. Also joining us today are Joel Bender, Senior Vice President and Chief Operating Officer, Steven Bender, Vice President of Operations, and David Isaac, our General Counsel and Vice President of Administration. Yesterday, we issued our earnings release, which is available on our website. Please note that any comments we make on today's call regarding projections or our expectations for future events are forward-looking statements covered by the Private Securities Litigation Reform Act. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. We advise listeners to review our earnings release and the risk factors discussed in our filings with the SEC. Any forward-looking statements we make today are only as of today's date, and we undertake no obligation to publicly update or review any forward-looking statements. In addition, during today's call, we will reference certain non-GAAP financial measures. Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our release. With that, I will turn the call over to Scott.

Thanks, John, and good morning to everyone. I apologize in advance. I'm fighting a cold and apparently losing. Cactus demonstrated its ability to achieve meaningful sequential growth during the first quarter despite the weather-related challenges that impacted us in February. Our product market share remained robust at nearly 43% during the quarter. We believe we're well positioned to capitalize on the U.S. market recovery that is now underway. In summary, first quarter revenues increased 24% sequentially. with each revenue category reporting growth of more than 20%. Adjusted EBITDA was up 15% sequentially. Adjusted EBITDA margins were 27%. Our cash balance rose to nearly 292 million, and we paid a quarterly dividend of 9 cents per share. And I'll turn the call over to Steve Tadlock, our CFO, who will review our financial results. Following his remarks, I'll provide some thoughts on our outlook for the near term before opening the lines up for Q&A.