8/4/2022

speaker
Operator
Conference Call Operator

Good morning, and thank you for standing by. Welcome to the CHAPTIS second quarter 2022 earnings call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you'll need to press star 1 1 on your telephone, and you will then hear an automated message advising that your hand is raised. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, John Fitzgerald. John?

speaker
John Fitzgerald
Moderator

Thank you and good morning. We appreciate you joining us 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, Stephen Bender, Vice President of Operations, and Will Marsh, 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. And with that, I will turn the call over to Scott.

speaker
Scott Bender
Chief Executive Officer

Thanks, John, and good morning to everyone. I'm pleased to report that CACTUS posted its sixth consecutive quarter of adjusted EBITDA growth over 10%. Results were strong across the board, and highlighted the company's best-in-class margin and return profile. Some second quarter highlights include revenue increased 17% sequentially to a company record of $170 million. Adjusted EBITDA improved by 31% sequentially. Adjusted EBITDA margins were 33%, up 360 basis points versus the first quarter. We paid a quarterly dividend of 11 cents per share and increased our cash balance to $312 million. I'll now 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 for Q&A. So, Steve.

Disclaimer

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