earnings
confidence high
sentiment positive
materiality 0.75
NCS Multistage Q3 revenue $32.4M, net income $2.8M; Canada revenue up 500% YoY
NCS Multistage Holdings, Inc.
2021-Q3 EPS reported
-$2.67
revenue$82,386,000
- Revenue $32.4M (+99% YoY, +51% QoQ); net income $2.8M ($1.14 EPS) vs loss $5.9M YoY.
- Adjusted EBITDA $4.2M (+$6.3M YoY); free cash flow $6.4M YTD.
- Canada revenue surged ~500% YoY and 140% QoQ; U.S. results impacted by lower Repeat Precision activity.
- Cash $18.4M, debt $8.2M (capital leases); credit facility undrawn with $13.7M borrowing base.
- Q4 outlook: modest U.S. activity increases, Canada above 2019 levels, international gradual improvement.