NCS Multistage Q3 revenue up 51% to $48.9M; CEO Nipper retiring, CFO Hummer to lead

NCS Multistage Holdings, Inc.

2022-Q3 EPS reported -$1.27 revenue$115,446,000

Total revenues $48.9M (+51% YoY); net income $3.9M ($1.58 diluted EPS) vs $2.8M ($1.14) in Q3 2021.
Adjusted EBITDA $8.4M, doubling from $4.2M; incremental adjusted EBITDA margin 26%.
Canadian revenue $34.8M (+171% QoQ), highest since Q1 2018; U.S. revenue $11.5M (+43% YoY).
CEO Robert Nipper to retire; CFO Ryan Hummer to assume leadership role; effective date not specified.
Expects Q4 2022 total revenue to decline sequentially but increase YoY; net cash $2.0M at quarter end.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NCS Multistage Holdings, Inc. reported the quarter ended September 30, 2022 results: revenue $48.9 million, net income $3.9 million, EPS $1.58 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $48.9 million
Net income: $3.9 million
EPS: $1.58 per diluted share
Result: reported results

Exact text from the filing

· Total revenues of $48.9 million, a 51% year-over-year increase · Net income improved to $3.9 million , as compared to $2.8 million in the third quarter of 2021, a $1. 1 million improvement resulting in earnings per diluted share of $1.58

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Source: SEC EDGAR

accession 0001692427-22-000037

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