---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-014184"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:02:40.372140+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-014184
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000143774924014184/0001437749-24-014184-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000143774924014184/ncsm20240208_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-014184
- JSON: https://secwatch.observer/filing/0001437749-24-014184.json
- Plain text: https://secwatch.observer/filing/0001437749-24-014184.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692427/000143774924014184/0001437749-24-014184-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.