earnings
confidence high
sentiment positive
materiality 0.75
NCS Multistage Q3 revenue $44M (+15% YoY); EPS $1.60; Adj EBITDA $7.1M
NCS Multistage Holdings, Inc.
2024-Q3 EPS reported
$1.21
revenue$117,554,000
- Total revenue $44.0M, up 15% YoY, driven by international and U.S. product sales, Canada product and services.
- Net income $4.1M ($1.60 diluted EPS) vs $4.4M ($1.77) a year ago; adjusted EBITDA $7.1M, up $0.3M YoY.
- Cash $15.3M, total debt $8.6M; undrawn ABL facility of $21.7M; net cash position $6.7M.
- International revenue up 124% in first nine months vs 2023; 10% of total revenue vs 5% last year.
- Q4 guidance: revenue expected to decline 5-15% sequentially in each market due to year-end activity reductions.