earnings
confidence high
sentiment positive
materiality 0.75
NCS Multistage Q4 2024 revenue +28% YoY to $45M; FY net income $6.6M vs loss in 2023
NCS Multistage Holdings, Inc.
- Q4 net income $3.5M ($1.32 diluted EPS) vs $39.6M ($15.80) year ago which included $40.8M litigation reversal.
- Full-year revenue $162.6M (+14% YoY); adjusted EBITDA $22.3M, up 87% from $11.9M in 2023.
- International revenue hit record $16.5M (10% of total), up from 5% in 2023.
- Cash $25.9M, debt $8.1M; free cash flow after distributions $9.9M, up $7.3M YoY.
- Expects 2025 revenue to outperform underlying industry growth but flags FX headwind from US$/CAD strength.