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NCS Multistage Holdings Inc. (NASDAQ: NCSM) delivers innovative engineered solutions for oil and natural gas well completions through its patented fracturing technology. This news hub provides investors and industry professionals with comprehensive updates on the company's operational developments, technical advancements, and market positioning.
Access authoritative reporting on NCSM's patented Multistage Unlimited® system deployments, strategic partnerships, and financial performance. Our curated news collection covers earnings announcements, technology patents, international expansion efforts, and operational efficiency milestones within the energy services sector.
Key updates include developments in coiled tubing applications, unconventional reservoir projects, and environmental efficiency initiatives. Bookmark this page for real-time insights into NCSM's North American operations and global expansion into markets including the North Sea and Middle East.
NCS Multistage Holdings (NCSM) reported Q2 2024 results with total revenues of $29.7 million, a 17% year-over-year increase. The company posted a net loss of $(3.1) million and loss per share of $(1.21). Adjusted EBITDA improved to $0.9 million, up $3.2 million from Q2 2023. Cash flows from operating activities reached $4.1 million for H1 2024, with free cash flow less distributions to non-controlling interest improving to $3.2 million.
The revenue growth was driven by increased international and U.S. revenues, partially offset by a decrease in Canada. Gross margin improved to 38% due to higher-margin international work and increased U.S. activity. The company ended Q2 2024 with $18.6 million in cash and $8.9 million in total debt.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) has announced its schedule for the second quarter 2024 earnings release and conference call. The company will host a conference call on Thursday, August 1, 2024, at 7:30 a.m. Central Time to discuss its Q2 2024 results. The earnings release will be issued the evening before the call.
Participants can join the live audio webcast and those wishing to ask questions can register to receive dial-in numbers and a unique PIN. A listen-only webcast option is also available. The replay will be accessible in the Investors section of the company's website for approximately seven days after the call.
NCS Multistage Holdings is a leading provider of engineered products and support services for oil and natural gas well construction and field development strategies, serving exploration and production companies in North America and international markets.
NCS Multistage Holdings, Inc. (NCSM) is being covered by Stonegate Capital Partners, showing growth exceeding market expectations, expanding internationally, and experiencing a 24.8% year-over-year growth in adjusted EBITDA.
NCS Multistage Holdings, Inc. will present at the Sidoti Virtual Investor Conference on May 8, 2024. The CEO, Ryan Hummer, will discuss the company's products and services for oil and natural gas well construction. NCS offers engineered products to exploration and production companies in North America and international markets. The company's common stock trades on the Nasdaq Capital Market under the symbol 'NCSM'.
NCS Multistage Holdings, Inc. announced that CEO Ryan Hummer will present at the Emerging Growth Conference on May 8, 2024. The company is a key player in providing engineered products for oil and gas well construction. NCS operates in North America and international markets such as the North Sea, the Middle East, Argentina, and China. Their stock is traded on Nasdaq under the symbol NCSM.
NCS Multistage Holdings, Inc. announced first quarter 2024 results with total revenues of $43.9 million, a 1% year-over-year increase and a 24% sequential increase. The net income was $2.1 million with earnings per diluted share of $0.82. Adjusted net income was $2.5 million, and adjusted EBITDA increased to $6.1 million. The company had $14.0 million in cash and $8.9 million in total debt as of March 31, 2024.
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