secwatch.observer — SEC 8-K summary
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Issuer:     NCS Multistage Holdings, Inc. (NCSM)
CIK:        0001692427
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001692427-22-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000037/0001692427-22-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1692427/000169242722000037/ncsm-20221031x8k.htm
  HTML page:      https://secwatch.observer/filing/0001692427-22-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer