Cactus, Inc.

Welcome to the CACTUS First Quarter 2022 Earnings Conference Call. My name is Vanessa, and I will be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. During the question and answer session, if you have a question, please press 0, then 1 on your touchtone phone. I will now turn the call over to John Fitzgerald, Director of Corporate Development and IR.

Thank you and good morning. We appreciate your attendance on today's call. Our speakers 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. Please note that any comments we make on today's call regarding projections or 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 earnings release.

With that, I'll turn the call over to Scott. Thanks, John. Good morning to everyone. I'm pleased to report that Cactus posted its fifth consecutive quarter of adjusted EBITDA growth of greater than 10% by capitalizing on continued increases in customer drilling and completion activity. Our results highlighted the consistency and predictability of this business. Some first quarter highlights include revenue increased 12% sequentially, adjusted EBITDA improved by 16% sequentially, Adjusted EBITDA margins were 29%, up 80 basis points versus the fourth quarter. We paid a quarterly dividend of 11 cents per share and ended the quarter with $298 million in cash and no debt. And I'll turn the call over to Steve Tadlock, our CFO, who will review our financial results. And following his remarks, I'll provide some thoughts on our outlook for the near term before opening the lines for Q&A. So, Steve.