Highest-materiality recent filing
NCS Multistage-Weatherford merger: election deadline Aug 31, closing expected Sept 1
Election deadline is 5:00 p.m. ET on Aug 31, 2026 for NCSM stockholders to choose consideration.
NCS Multistage Q2 net loss $4.6M vs $0.9M income YoY; revenue up 5% to $38.4M
Net loss per share $(1.71) vs diluted EPS $0.34 in Q2 2025; adjusted EBITDA $1.9M vs $2.2M.
Weatherford to acquire NCS Multistage for 0.463 shares per NCS share; expected close H2 2026
NCS stockholders elect either 0.554 Weatherford shares or mix of 0.239 shares plus cash equivalent to 0.137 shares, blended ~0.463 shares per NCS share.
Elected John Deane and W. Matt Ralls as Class III directors to serve until 2029; each received over 1.8M votes in favor.
NCS Multistage Q1 2026 revenue $45.6M, net loss $0.4M; EBITDA down YoY
Revenue $45.6M, down 8.8% YoY from $50.0M; net loss $0.4M vs net income $4.1M in Q1 2025.
NCS Multistage Q4 revenue $50.6M (+13% YoY); full-year adj. EBITDA $26.7M (+20%)
Q4 revenue $50.6M (+13% YoY), operating income $5.2M (+78%), net income $15.0M ($5.34/diluted) incl. $9.8M deferred tax valuation allowance release.
NCS Q3 revenue up 6% to $46.5M; net income $3.8M ($1.37 diluted EPS) down from $4.1M YoY
Revenue $46.5M (+6% YoY); net income $3.8M ($1.37 diluted EPS) vs $4.1M ($1.60) in Q3 2024.
NCS Multistage Q2 revenue up 23% to $36.5M, net income $0.9M, acquires Reservoir Metrics
Revenue of $36.5M (+23% YoY); net income $0.9M vs loss $3.1M; diluted EPS $0.34 vs ($1.21).
NCS Multistage shareholders approve all four proposals at 2025 annual meeting
Robert Nipper and Ryan Hummer re-elected as Class II directors to serve until 2028.
NCS Q1 revenue $50.0M (+14% YoY), EPS $1.51, adj. EBITDA $8.2M
Total revenues $50.0M, up 14% YoY; net income $4.1M ($1.51 diluted EPS) vs $2.1M ($0.82) last year.
NCS Multistage Q4 2024 revenue +28% YoY to $45M; FY net income $6.6M vs loss in 2023
Q4 net income $3.5M ($1.32 diluted EPS) vs $39.6M ($15.80) year ago which included $40.8M litigation reversal.
NCS Multistage Q3 revenue $44M (+15% YoY); EPS $1.60; Adj EBITDA $7.1M
Total revenue $44.0M, up 15% YoY, driven by international and U.S. product sales, Canada product and services.
NCS Multistage Q2 revenue up 17% to $29.7M; net loss narrows to $3.1M
Revenue $29.7M (+17% YoY); net loss $(3.1)M vs $(32.2)M loss in Q2 2023 (included $24.9M litigation provision).
Elected three Class I directors (McShane, Grewal, Mitchell) each with >1.7M votes for.
Total revenue $43.9M (+1% YoY, +24% seq); net income $2.1M ($0.82 diluted EPS) versus net loss $15.0M ($6.10 loss per share) in Q1 2023.
Director Matthew Fitzgerald to retire from NCS Multistage board effective March 31, 2024
Matthew Fitzgerald informed the company of his retirement as a director, effective March 31, 2024.
NCS Multistage Q4 revenue $35.2M (-12% YoY); net income $39.6M on $40.8M litigation reversal
Adjusted net loss $(0.9)M, adjusted EBITDA $2.5M (down from $6.4M in Q4 2022).
NCS settles $40.8M Texas litigation; insurance pays, no cash outflow
Settled Boyd & McWilliams Texas matter; insurance carrier pays all agreed-upon amounts; no cash payment by NCS.
NCS Multistage Q3 revenue falls 22% YoY to $38.3M; net income rises to $1.77 EPS
Total revenues $38.3M, down 22% YoY; net income $4.4M ($1.77 diluted EPS) vs $3.9M ($1.58) in Q3 2022.
Total revenues $25.4M (-8% YoY); net loss $(32.2)M ($(13.02)/share) vs $(5.5)M loss a year ago.
NCS Multistage CTO James King departs effective July 3, 2023
James King, Chief Technology Officer, left NCS Multistage on July 3, 2023.
NCS Multistage stockholders approve 75K-share increase in equity plan; directors elected
Shareholders approved Amended & Restated 2017 Equity Incentive Plan: 1,745,764 for, 157,156 against; share reserve increased by 75,000 to 626,626 shares.
NCS Multistage hit with $42.5M judgment in Texas lawsuit, plans appeal
Jury verdict on May 2, 2023; judgment rendered May 15 for $42.5M (including interest and netting $0.7M awarded to NCS).
Revenue $43.6M, up 11% YoY; adjusted EBITDA $4.9M, up $2.6M YoY.
NCS Multistage appoints Dewayne Williams as VP/Controller, principal accounting officer
Dewayne Williams appointed Vice President and Controller effective March 13, 2023; will serve as principal accounting officer.
NCS Multistage Q4 net income $2.0M, revenue up 11% YoY; full-year revenue up 31% to $155.6M
Q4 revenue $40.2M (+11% YoY); net income $2.0M ($0.81 EPS) vs $1.7M ($0.68) in Q4 2021.
NCS Multistage Q3 revenue up 51% to $48.9M; CEO Nipper retiring, CFO Hummer to lead
Total revenues $48.9M (+51% YoY); net income $3.9M ($1.58 diluted EPS) vs $2.8M ($1.14) in Q3 2021.
NCS Multistage CFO Michael Morrison to receive $350K in long-term incentive awards
RSU grant of $87,500 and equivalent stock units of $87,500, vesting in three equal annual installments from grant anniversary.
NCS Multistage appoints Michael Morrison as CFO; Ryan Hummer becomes CEO effective Nov 1, 2022
Michael Morrison named CFO effective Nov 3, 2022; previously EVP/CFO at ION Geophysical.
Founder and CEO Robert Nipper to retire effective November 1, 2022; remains on Board.
NCS Multistage Q2 net loss $5.5M ($2.25/share); revenue up 28% YoY to $27.5M
Total revenues $27.5M, +28% YoY, driven by higher North American activity.
NCS Multistage stockholders elect three Class II directors, ratify Grant Thornton as auditor
Proposal 1: Matthew Fitzgerald, David McKenna, and Robert Nipper elected as Class II directors with over 1.69M votes each; 172,978 broker non-votes.
NCS Multistage enters $35M ABL credit facility, terminates prior Wells Fargo facility
Revolver up to $35M; borrowing base was $19.7M at inception; matures May 3, 2027.
NCS Multistage Q1 revenue up 37% to $39.1M; net loss narrows to $1.5M
Revenue $39.1M, +37% YoY; net loss $(1.5M) vs $(3.4M) in Q1 2021; diluted EPS $(0.64).
NCS Q4 revenue $36.1M (+32% YoY), net income $1.7M; full-year loss narrows to $4.7M
Q4 revenue $36.1M, up 32% YoY and 11% sequentially; gross margin 44%.
NCS Multistage Q3 revenue $32.4M, net income $2.8M; Canada revenue up 500% YoY
Revenue $32.4M (+99% YoY, +51% QoQ); net income $2.8M ($1.14 EPS) vs loss $5.9M YoY.
NCS Multistage Q2 revenue $21.5M (+146% YoY); net loss $(5.8)M improves YoY
Total revenue $21.5M, up 146% YoY, driven by higher North American drilling activity.
On March 8, 2024, Matthew Fitzgerald informed NCS Multistage Holdings, Inc. (the “Company”) of his decision to retire from his position as a director of the Company effective March 31, 2024.
On July 3, 2023, James King, Chief Technology Officer of NCS Multistage Holdings, Inc. (the “Company”), and the Company agreed that he will be leaving his position effective as of such date.
Ms. Cole will no longer serve as the principal accounting officer and will transition into the Vice President, Finance and Treasurer role.
On March 2, 2023, Dewayne Williams was appointed to Vice President and Controller of NCS Multistage Holdings, Inc. (the “Company”), effective March 13, 2023.
On October 6, 2022, NCS Multistage Holdings, Inc. (“we,” “us,” “our” or the “Company”) appointed Michael Morrison as Chief Financial Officer and Treasurer, effective November 3, 2022.
appointment of Mr. Ryan Hummer as Chief Executive Officer, effective November 1, 2022.
appointed Ryan Hummer to the Board to serve as a Class II director with a term to expire at the 2025 Annual Meeting of Stockholders.
Mr. Robert Nipper, the Company’s founder, current Chief Executive Officer and member of the board of directors (the “Board”), will retire from his position as Chief Executive Officer and remain on the Company’s Board.
Max materiality 1.00 · Median 0.70 · Most common event earnings