NCS Multistage Q3 revenue falls 22% YoY to $38.3M; net income rises to $1.77 EPS

NCS Multistage Holdings, Inc.

2023-Q3 EPS reported -$17.33 revenue$107,224,000

Total revenues $38.3M, down 22% YoY; net income $4.4M ($1.77 diluted EPS) vs $3.9M ($1.58) in Q3 2022.
Adjusted EBITDA $6.8M (down $1.6M YoY); margin 18% vs 17% in Q3 2022.
Cash $11.4M, debt $8.3M; ABL facility undrawn with $19.7M borrowing base.
Wyoming legal matter settled; insurance paid $2.0M; Canada patent infringement ruling against NCS, $1.7M costs ordered, company to appeal.
Outlook: US activity expected down 5-10% in 2023 vs 2022; Canada flat; international up over 10%.

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 quarter ended September 30, 2023 results: revenue $38.3 million, net income $4.4 million, EPS $1.77 per diluted share.

Period: quarter ended September 30, 2023
Revenue: $38.3 million
Net income: $4.4 million
EPS: $1.77 per diluted share
Result: reported results

Exact text from the filing

Highway 249, Suite 600 Houston, Texas 77070 PRESS RELEASE NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS Third Quarter Results · Total revenues of $38.3 million, a 22% year-over-year decrease · Net income of $4.4 million and earnings per diluted share of $1.77 , compared to net income of $3.9 million and earnings per diluted share of

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Source: SEC EDGAR

accession 0001692427-23-000035

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