Cactus, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the CACTIF Q2 2021 earnings call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. 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. I would now like to hand the conference over to John Fitzgerald, Director of Corporate Development and IR. Thank you. 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 to these non-GAAP measures to the most directly comparable GAAP measures are included in our earnings release. With that, I will turn the call over to Scott. Thanks, John.

Good morning to everyone. CACTUS demonstrated its ability to achieve meaningful sequential growth during the second quarter. Revenue and adjusted EBITDA were each up over 25% versus Q1, significantly outpacing the 16% increase in the U.S. land rig count. Product market share remained robust. at just under 42% during the period. We believe we're well positioned to capitalize on the U.S. market recovery, given expectations for activity gains beyond the private operators as we head into next year. In summary, first quarter revenues increased 29% sequentially, with each revenue category reporting growth of more than 15%. Adjusted EBITDA was up 27% sequentially. Adjusted EBITDA margins were 27%, Pre-cash flow was above $25 million for the quarter. Our cash balance rose to $309 million. And our Board of Directors approved an 11% increase in our quarterly dividend to $0.10 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 at UNA. Steve?