Ncs Multistage Hldgs Inc Stock Price, News & Analysis

NCS Multistage Holdings (NCSM) reported strong financial results for Q4 and full year 2024. Fourth quarter highlights include revenues of $45.0 million (up 28% year-over-year), net income of $3.5 million, and Adjusted EBITDA of $8.2 million.

Full year 2024 performance showed:

• Total revenues of $162.6 million, increasing 14% from 2023
• Gross margin improved to 40% from 37%
• Net income of $6.6 million ($2.55 per diluted share)
• Record international revenues of $16.5 million (10% of total revenue)
• Cash flows from operating activities of $12.7 million

The company ended 2024 with strong liquidity, reporting $25.9 million in cash and $8.1 million in total debt. For 2025, NCS expects stable or increased activity in Canada, modest decline in U.S. market, and potential growth in international markets including North Sea, Middle East, and Argentina.

NCS Multistage Holdings (NASDAQ:NCSM) has scheduled its fourth quarter and full year 2024 earnings conference call for Tuesday, March 11, 2025, at 7:30 a.m. Central Time. The earnings release will be issued the evening before the call.

The company will offer two participation options: a registration-required dial-in for those who wish to ask questions, and a listen-only webcast option. Participants are advised to join 10 minutes before the event starts.

NCS Multistage Holdings is a provider of engineered products and support services for oil and natural gas well optimization. The company serves exploration and production companies, specializing in onshore and offshore wells with horizontal laterals in both unconventional and conventional formations. Their operations span North America and international markets including the North Sea, Middle East, Argentina, and China.

NCS Multistage Holdings (NASDAQ: NCSM) reported strong financial results for Q3 2024, with total revenues reaching $44.0 million, marking a 15% increase year-over-year. The company's liquidity position strengthened to $37.0 million, up from $33.0 million in Q2 2024, significantly exceeding its debt of $8.6 million. The company also achieved an adjusted EBITDA of $7.1 million, representing a $0.3 million improvement compared to the previous year.

NCS Multistage Holdings reported Q3 2024 results with total revenues of $44.0 million, marking a 15% year-over-year increase. The company achieved net income of $4.1 million and diluted EPS of $1.60. Revenue growth was driven by increases in international services, U.S. product sales, and Canadian operations. Adjusted EBITDA reached $7.1 million with a 16% margin. The company maintained strong liquidity with $15.3 million in cash and $8.6 million in total debt as of September 30, 2024. Operating cash flow was $2.1 million for the first nine months of 2024.

NCS Multistage Holdings (NASDAQ:NCSM) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Thursday, October 31, 2024, at 7:30 a.m. Central Time. The company will release its Q3 2024 earnings report the evening before the call. NCS Multistage is a provider of engineered products and support services for oil and natural gas well construction and field development, operating primarily in North America with presence in international markets including the North Sea, Middle East, Argentina, and China.

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'.