secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014184
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000143774924014184/0001437749-24-014184-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000143774924014184/ncsm20240208_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014184

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