NCS Multistage hit with $42.5M judgment in Texas lawsuit, plans appeal

NCS Multistage Holdings, Inc.

Jury verdict on May 2, 2023; judgment rendered May 15 for $42.5M (including interest and netting $0.7M awarded to NCS).
NCS had accrued $17.5M as of March 31, 2023 as best estimate, but judgment exceeds that by $25M.
NCS intends to appeal citing strong grounds on measure of damages; expects insurance to cover large portion up to all of liability.
Post-judgment interest and court costs also awarded to plaintiffs.

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