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Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) 2025 Q1

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NCS Multistage Holdings (NASDAQ: NCSM) reported strong financial results for Q1 2025, with total revenues reaching $50.0M, marking a 14% year-over-year increase and the highest quarterly revenue since Q1 2020. The company saw significant growth in Canadian operations and services revenue across all regions, though U.S. product sales declined due to project delays. Canadian activity was particularly strong in fracturing system completions, while international revenue benefited from tracer diagnostics work in the Middle East and sales in the North Sea. Gross margins improved from 40.1% to 43.7% year-over-year. The company's liquidity position strengthened to $49.8M, up from $34.4M in Q1 2024, and Adjusted EBITDA reached $8.2M, a $2.1M improvement year-over-year.
NCS Multistage Holdings (NASDAQ: NCSM) ha riportato risultati finanziari solidi per il primo trimestre del 2025, con ricavi totali pari a 50,0 milioni di dollari, segnando un incremento del 14% rispetto allo stesso periodo dell'anno precedente e il più alto fatturato trimestrale dal primo trimestre del 2020. L'azienda ha registrato una crescita significativa nelle operazioni canadesi e nei ricavi da servizi in tutte le regioni, nonostante le vendite di prodotti negli Stati Uniti siano diminuite a causa di ritardi nei progetti. L'attività canadese è stata particolarmente forte nei completamenti dei sistemi di fratturazione, mentre i ricavi internazionali hanno beneficiato del lavoro di diagnostica con traccianti in Medio Oriente e delle vendite nel Mare del Nord. I margini lordi sono migliorati dal 40,1% al 43,7% su base annua. La posizione di liquidità dell'azienda si è rafforzata a 49,8 milioni di dollari, in aumento rispetto ai 34,4 milioni del primo trimestre 2024, e l'EBITDA rettificato ha raggiunto 8,2 milioni di dollari, con un miglioramento di 2,1 milioni su base annua.
NCS Multistage Holdings (NASDAQ: NCSM) reportó sólidos resultados financieros para el primer trimestre de 2025, con ingresos totales que alcanzaron los 50,0 millones de dólares, lo que representa un aumento interanual del 14% y el mayor ingreso trimestral desde el primer trimestre de 2020. La compañía experimentó un crecimiento significativo en sus operaciones en Canadá y en los ingresos por servicios en todas las regiones, aunque las ventas de productos en EE.UU. disminuyeron debido a retrasos en proyectos. La actividad canadiense fue especialmente fuerte en las finalizaciones de sistemas de fracturación, mientras que los ingresos internacionales se beneficiaron del trabajo de diagnóstico con trazadores en Medio Oriente y de las ventas en el Mar del Norte. Los márgenes brutos mejoraron del 40,1% al 43,7% interanual. La posición de liquidez de la empresa se fortaleció a 49,8 millones de dólares, frente a los 34,4 millones del primer trimestre de 2024, y el EBITDA ajustado alcanzó los 8,2 millones de dólares, una mejora de 2,1 millones año tras año.
NCS Multistage Holdings (NASDAQ: NCSM)는 2025년 1분기에 총 매출액이 5,000만 달러에 달하며 전년 동기 대비 14% 증가한 강력한 재무 실적을 보고했습니다. 이는 2020년 1분기 이후 가장 높은 분기 매출입니다. 캐나다 사업과 전 지역의 서비스 매출이 크게 성장했으나, 미국 제품 판매는 프로젝트 지연으로 감소했습니다. 캐나다에서는 특히 파쇄 시스템 완성 작업이 강세를 보였고, 국제 매출은 중동의 추적자 진단 작업과 북해 판매 덕분에 증가했습니다. 총 이익률은 전년 대비 40.1%에서 43.7%로 개선되었습니다. 회사의 유동성은 2024년 1분기 3,440만 달러에서 4,980만 달러로 강화되었으며, 조정 EBITDA는 820만 달러로 전년 대비 210만 달러 증가했습니다.
NCS Multistage Holdings (NASDAQ : NCSM) a annoncé de solides résultats financiers pour le premier trimestre 2025, avec un chiffre d'affaires total atteignant 50,0 millions de dollars, soit une augmentation de 14 % en glissement annuel et le chiffre d'affaires trimestriel le plus élevé depuis le premier trimestre 2020. L'entreprise a connu une croissance significative de ses opérations canadiennes et de ses revenus de services dans toutes les régions, bien que les ventes de produits aux États-Unis aient diminué en raison de retards de projets. L'activité canadienne a été particulièrement forte dans les complétions de systèmes de fracturation, tandis que les revenus internationaux ont bénéficié des travaux de diagnostic par traceurs au Moyen-Orient et des ventes en mer du Nord. Les marges brutes sont passées de 40,1 % à 43,7 % en glissement annuel. La position de liquidité de la société s'est renforcée à 49,8 millions de dollars, contre 34,4 millions au premier trimestre 2024, et l'EBITDA ajusté a atteint 8,2 millions de dollars, soit une amélioration de 2,1 millions par rapport à l'année précédente.
NCS Multistage Holdings (NASDAQ: NCSM) meldete starke Finanzergebnisse für das erste Quartal 2025, mit einem Gesamtumsatz von 50,0 Mio. USD, was einem 14%igen Anstieg im Jahresvergleich entspricht und den höchsten Quartalsumsatz seit dem ersten Quartal 2020 darstellt. Das Unternehmen verzeichnete ein deutliches Wachstum in den kanadischen Geschäftsfeldern sowie bei den Serviceerlösen in allen Regionen, während die Produktverkäufe in den USA aufgrund von Projektverzögerungen zurückgingen. Die kanadische Aktivität war insbesondere bei Fracturing-Systemabschlüssen stark, während die internationalen Umsätze von Tracer-Diagnostikarbeiten im Nahen Osten und Verkäufen in der Nordsee profitierten. Die Bruttomargen verbesserten sich von 40,1% auf 43,7% im Jahresvergleich. Die Liquiditätsposition des Unternehmens stärkte sich auf 49,8 Mio. USD, gegenüber 34,4 Mio. USD im ersten Quartal 2024, und das bereinigte EBITDA erreichte 8,2 Mio. USD, eine Verbesserung von 2,1 Mio. USD gegenüber dem Vorjahr.
Positive
  • Revenue growth of 14% year-over-year to $50.0M, highest since Q1 2020
  • Gross margin expansion from 40.1% to 43.7%
  • Improved liquidity position to $49.8M from $34.4M year-over-year
  • Adjusted EBITDA increased by $2.1M to $8.2M
  • Strong performance in Canadian operations with 26% sequential growth
Negative
  • U.S. product sales declined due to project delays
  • 34% sequential decline in international revenue
  • Potential impact from increasing tariffs threat
  • 13% sequential drop in U.S. revenue

Dallas, Texas--(Newsfile Corp. - May 2, 2025) - NCS Multistage Holdings, Inc. (NASDAQ: NCSM): Stonegate Capital Partners updates their coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM). In 1Q25, NCSM reported total revenues of $50.0M, a 14% year-over-year increase and its highest quarterly revenue since 1Q20. Growth was primarily driven by increased product sales in Canada and services revenue across all geographies, partially offset by a decline in U.S. product sales due to project delays. Canadian activity remained robust, particularly for fracturing system completions, while international revenue was supported by continued tracer diagnostics work in the Middle East and product and service sales in the North Sea. Compared to 4Q24, total revenues rose 11%, with a 26% sequential increase in Canadian sales offsetting a 34% decline in international revenue due to timing of tracer work and a 13% drop in U.S. revenue. Going forward we expect that the Company will continue to see modest revenue growth through FY25 despite the threat of increasing tariffs. Consolidated gross margins expanded from 40.1% in 1Q24 to 43.7% in 1Q25.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Total revenues of $50.0M, a 14% year-over-year improvement.
  • NCSM reported a liquidity position of $49.8M, an increase from $34.4M (1Q24).
  • Adjusted EBITDA of$8.2M, a $2.1M year-over-year improvement.

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About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250609

FAQ

What were NCSM's Q1 2025 revenue and growth numbers?

NCSM reported Q1 2025 revenues of $50.0M, representing a 14% year-over-year increase and 11% sequential growth from Q4 2024.

How did NCSM's gross margins perform in Q1 2025?

NCSM's gross margins expanded from 40.1% in Q1 2024 to 43.7% in Q1 2025.

What was NCSM's liquidity position in Q1 2025?

NCSM reported a liquidity position of $49.8M in Q1 2025, up from $34.4M in Q1 2024.

How did NCSM perform in different geographical regions during Q1 2025?

Canadian operations showed strong growth with 26% sequential increase, while international revenue declined 34% sequentially, and U.S. revenue dropped 13%.

What was NCSM's Adjusted EBITDA for Q1 2025?

NCSM reported Adjusted EBITDA of $8.2M, representing a $2.1M improvement year-over-year.
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