earnings
confidence high
sentiment positive
materiality 0.70
NCS Multistage Q4 net income $2.0M, revenue up 11% YoY; full-year revenue up 31% to $155.6M
NCS Multistage Holdings, Inc.
- Q4 revenue $40.2M (+11% YoY); net income $2.0M ($0.81 EPS) vs $1.7M ($0.68) in Q4 2021.
- Full year 2022 revenue $155.6M (+31% YoY); net loss improved to $(1.1)M from $(4.7)M.
- Adjusted EBITDA $15.1M in 2022, up 66% from $9.1M in 2021.
- Cash $16.2M, total debt $7.9M; undrawn ABL borrowing base $18.6M.
- 2023 outlook: expects N.A. activity flat to up 10%, international up >10%; capex guided $4-5M.