NCS Multistage Q1 net income $2.1M vs loss year ago; rev $43.9M up 1% YoY, adj EBITDA $6.1M margin 14%

NCS Multistage Holdings, Inc.

2024-Q1 EPS reported $0.82 revenue$43,858,000

Total revenue $43.9M (+1% YoY, +24% seq); net income $2.1M ($0.82 diluted EPS) versus net loss $15.0M ($6.10 loss per share) in Q1 2023.
Adjusted EBITDA $6.1M (+$1.2M YoY); margin improved to 14% from 11% on lower SG&A and higher other income.
SG&A expense fell $2.3M to $13.8M via restructuring benefits; gross margin 39% vs 41% on higher steel costs and labor inflation.
Cash $14.0M, total debt $8.9M; undrawn ABL facility of $20.4M; working capital $73.7M up from $71.2M.
Management expects Q2 sequential revenue growth in U.S. and international ops but seasonal decline in Canada; full-year 2024 revenue and Adjusted EBITDA improvement expected.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NCS Multistage Holdings, Inc. reported the quarter ended March 31, 2024 results: revenue $43.9 million, net income $2.1 million, EPS $0.82 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $43.9 million
Net income: $2.1 million
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

Total revenues of $43.9 million, a 1% year-over-year increase and a 24% increase compared to the fourth quarter of 2023 ● Net income of $2.1 million and earnings per diluted share of $0.82

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Source: SEC EDGAR

accession 0001437749-24-014184

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