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NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well construction, well completions and field development. Its products and services are used by exploration and production companies in onshore and offshore wells, including horizontal wells in unconventional and conventional formations.
Company news commonly covers quarterly results, North American and selected international activity, fracturing systems, wellbore construction products, tracer diagnostics, Repeat Precision adoption, and ResMetrics integration. Updates also discuss regional demand in Canada, the United States, the North Sea, the Middle East and Argentina, as well as cash flow, liquidity, capital allocation and product development such as composite and dissolvable frac plugs.
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NCS Multistage Holdings, Inc. (Nasdaq: NCSM) reported revenues of $40.2 million for Q4 2022, an 11% year-over-year increase. Net income rose to $2.0 million, up from $1.7 million in Q4 2021, leading to earnings per diluted share of $0.81. For the full year, revenues reached $155.6 million, a 31% increase, while the net loss improved to $(1.1) million from $(4.7) million in 2021. Adjusted EBITDA for the year was $15.1 million, a 66% increase. The company ended 2022 with $16.2 million in cash and $7.9 million in debt, maintaining a solid liquidity position.
NCS Multistage Holdings, Inc. (NCSM) will announce its fourth quarter and full year 2022 results during a conference call on March 7, 2023, at 7:30 a.m. CT. The earnings release will be issued the evening prior. NCS specializes in providing highly engineered products and services that optimize oil and gas well construction and completions, primarily for exploration and production firms. The company operates in major oil and gas regions across North America and select international markets like Argentina and the Middle East.