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NCS Multistage Holdings Inc - NCSM STOCK NEWS

Welcome to our dedicated news page for NCS Multistage Holdings (Ticker: NCSM), a resource for investors and traders seeking the latest updates and insights on NCS Multistage Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect NCS Multistage Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of NCS Multistage Holdings's position in the market.

Rhea-AI Summary
NCS Multistage Holdings, Inc. is set to announce its first quarter 2024 earnings and host a conference call on May 2, 2024. The company provides products and services for oil and gas well construction and completions, catering to both domestic and international markets.
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Stonegate Capital Partners updates coverage on NCS Multistage Holdings, Inc. (NCSM) highlighting growing market share, expansion beyond North America, and achieving cash flow positivity.
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1.57%
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Rhea-AI Summary
NCS Multistage Holdings, Inc. (NCSM) reported fourth-quarter total revenues of $35.2 million, a decrease of 12% from 2022, with a net income of $39.6 million and earnings per diluted share of $15.80. Adjusted net loss was $(0.9) million. Full-year 2023 revenues were $142.5 million, a decrease of 8% from 2022, with a net loss of $(3.2) million. Adjusted EBITDA for the year was $11.9 million. NCS settled a legal matter in Texas, resulting in no cash payments by the Company.
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2.74%
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NCS Multistage Holdings, Inc. to Discuss Q4 and Full Year 2023 Results in Conference Call
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8.13%
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Rhea-AI Summary
NCS Multistage Holdings, Inc. (NCSM) settled outstanding litigation with Boyd & McWilliams, with the insurance carrier paying all settlement amounts, resulting in no cash payments by NCS. The company had accrued a provision for litigation of $40.8 million as of September 30, 2023, which is expected to be fully offset during the fourth quarter of 2023 with a benefit from the settlement. NCS does not have any outstanding litigation related to property damage claims, as previous litigation in Wyoming was settled in August 2023. NCS is a leading provider of highly engineered products and support services for oil and natural gas well construction, completions, and field development strategies, traded on the Nasdaq Capital Market under the symbol 'NCSM.'
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28.31%
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NCS Multistage Holdings, Inc. reported total revenues of $38.3 million in Q3 2023, a 22% decrease compared to the same period in 2022. Net income was $4.4 million, with earnings per diluted share of $1.77. Adjusted EBITDA was $6.8 million, a decrease of $1.6 million from Q3 2022. The company had $11.4 million in cash and $8.3 million of total debt as of September 30, 2023.
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-4.75%
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NCS Multistage Holdings, Inc. will host a conference call to discuss its third quarter 2023 results on October 31, 2023. NCS is a leading provider of products and services for oil and gas well construction. Its common stock is traded on the Nasdaq Capital Market.
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-1.46%
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Stonegate Capital Partners initiates coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM), a company based in Dallas, Texas. The company is experiencing strong market share and is expanding beyond North America. They have achieved a year-over-year adjusted EBITDA growth of approximately 33% at the midpoint of their guidance.
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3.16%
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NCS Multistage Holdings, Inc. (Nasdaq: NCSM) announced a year-over-year decrease in total revenues to $25.4 million and a net loss of $(32.2) million, primarily due to lower U.S. product sales and services revenues. The company's adjusted net loss was $(6.2) million, with an adjusted EBITDA of $(2.2) million. NCS had $13.7 million in cash and $8.8 million of total debt as of June 30, 2023.
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-16.88%
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NCS Multistage Holdings Inc

Nasdaq:NCSM

NCSM Rankings

NCSM Stock Data

40.83M
719.56k
10.96%
70.75%
0.09%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About NCSM

ncs multistage, llc is the world leader in coiled-tubing-enabled hydraulic fracturing technology used for multistage oil and gas well completions in shale and other unconventional formations. the company's patented multistage unlimited® frac-isolation system allows operating companies to design and execute optimized completions for better production and enhanced ultimate recovery. the system requires less onsite equipment, less water, and fewer personnel than other methods, resulting in important economic, environmental, and safety benefits. ncs has a record of more than 7,700 successful multistage completions in north america, mexico, south america, australia, russia, and china.