---
schema_version: "secwatch.filing_event.v1"
accession: "0001692427-22-000037"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:43:49.677086+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001692427-22-000037
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000169242722000037/0001692427-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000169242722000037/ncsm-20221031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692427-22-000037
- JSON: https://secwatch.observer/filing/0001692427-22-000037.json
- Plain text: https://secwatch.observer/filing/0001692427-22-000037.txt

## Key facts
- Earnings Releases
  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
  source text: · 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692427/000169242722000037/0001692427-22-000037-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.