Welcome to our dedicated page for Ncs Multistage Hldgs news (Ticker: NCSM), a resource for investors and traders seeking the latest updates and insights on Ncs Multistage Hldgs stock.
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.
NCS Multistage Holdings reported third-quarter revenues of $32.4 million, a 99% increase year-over-year and a 51% rise from the prior quarter. The company achieved a net income of $2.8 million, recovering from a net loss of $(5.9) million in Q3 2020. Adjusted EBITDA reached $4.2 million, showing substantial growth. As of September 30, 2021, NCS held $18.4 million in cash against $8.2 million in total debt, indicating strong liquidity. CEO Robert Nipper highlighted significant operational performance in Canada, contributing to overall results, and projected continued industry activity moving forward.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on November 2, 2021, at 7:30 a.m. CT to discuss its third-quarter 2021 results. The earnings release will be issued the evening prior. Participants can join the call via phone or a live webcast on the company’s website. An audio replay will be available for seven days post-call. NCS specializes in engineered products and support services for oil and natural gas well completions across North America and selected international markets.
NCS Multistage Holdings (NASDAQ:NCSM) will participate in EnerCom's The Oil & Gas Conference in Denver on August 18, 2021, with CEO Robert Nipper and CFO Ryan Hummer presenting at 8:25 a.m. Mountain time.
A webcast of the presentation will be available on the Company’s website for 90 days post-event. NCS is a leading provider of engineered products for optimizing oil and gas well completions, serving markets in North America, Argentina, China, the Middle East, and the North Sea. For more details, visit www.ncsmultistage.com.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported a 146% increase in total revenues for Q2 2021, totaling $21.5 million. This growth stemmed from heightened product sales and service volumes, primarily in North America. However, the company also posted a net loss of $(5.8) million, an improvement from $(8.8) million in Q2 2020. Adjusted EBITDA showed a significant improvement with a loss of $(1.6) million. As of June 30, 2021, NCS had $13.9 million in cash and a total debt of $6.0 million. The outlook remains positive with expected revenue growth driven by increased drilling activity.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on August 3, 2021, at 7:30 a.m. CT to discuss its Q2 2021 results. The earnings release will be issued the previous evening. Interested participants can join by calling specific numbers based on their location or via a live webcast on the company’s website. An audio replay will be available shortly after the call for seven days. NCS specializes in products and support services for optimizing oil and natural gas well completions in North America and select international markets.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported total revenues of $28.5 million for Q1 2021, reflecting a 48% year-over-year decrease but a 4% increase sequentially. The net loss was $(3.4) million with a diluted loss per share of $(1.43). Adjusted net loss stood at $(2.8) million. SG&A expenses decreased significantly by $8.1 million to $12.8 million, highlighting cost management efforts. The company has $12.0 million in cash and $5.7 million in debt as of March 31, 2021. CEO Robert Nipper expressed optimism about recovering activity levels, particularly in the U.S. for Q2.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) will host a conference call on May 4, 2021, at 7:30 a.m. CT to discuss its Q1 2021 results, with an earnings release the night before. Participants can join via phone or listen online. NCS specializes in providing engineered products and services for optimizing oil and gas well completions in North America and select international markets. For more details, visit www.ncsmultistage.com.
NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported its fourth quarter and full year 2020 results, showcasing a 47% year-over-year revenue decline to $27.4 million, despite a 68% increase from Q3 2020. Net income stood at $8.6 million, or $3.59 per diluted share, aided by a one-time $25.7 million gain from a court settlement. Adjusted net loss was $(6.4) million. For the year, total revenues were $107 million, reflecting a 48% decrease. The company ended the year with $15.5 million in cash and a low total debt of $5.8 million, maintaining a strong cash flow despite industry challenges.
NCS Multistage Holdings, Inc. (NASDAQ:NCSM) announced a conference call to discuss its fourth quarter and full year 2020 results scheduled for March 2, 2021 at 7:30 a.m. CT. The earnings release will be available March 1, 2021. Interested participants can join the call via phone or webcast, with details provided in the release. NCS specializes in engineered products and services for optimizing oil and natural gas well completions across North America and select international markets.
NCS Multistage Holdings (NCSM) will execute a 1-for-20 reverse stock split on December 1, 2020, as filed with the SEC. This move aims to boost the stock price to meet NASDAQ's listing standards. Following the split, the authorized shares will be reduced from 225 million to 11.25 million. The common stock will continue trading under the symbol NCSM but with a new CUSIP number. NCS provides specialized products and services for oil and gas well completions across North America and select international markets.