---
schema_version: "secwatch.filing_event.v1"
accession: "0001692427-23-000035"
form_type: "8-K"
ticker: "NCSM"
cik: "0001692427"
company_name: "NCS Multistage Holdings, Inc."
filed_at: "2023-10-30T23:59:59+00:00"
generated_at: "2026-06-09T06:05:03.659674+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001692427-23-000035
- form_type: 8-K
- ticker: NCSM
- cik: 0001692427
- company_name: NCS Multistage Holdings, Inc.
- filed_at: 2023-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1692427/000169242723000035/0001692427-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1692427/000169242723000035/ncsm-20231030x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001692427-23-000035
- JSON: https://secwatch.observer/filing/0001692427-23-000035.json
- Plain text: https://secwatch.observer/filing/0001692427-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1692427/000169242723000035/0001692427-23-000035-index.htm

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