Sector: Energy | Industry: Oil Related Services and Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 19350 State Highway 249, Suite 600 HOUSTON TX 77070 |
Tel: | N/A |
Website: | www.ncsmultistage.com |
IR: | See website |
Key People | ||
Ryan Hummer Chief Executive Officer, Director | Michael L. Morrison Chief Financial Officer | Tim Willems Chief Operations Officer |
Ori Lev Executive Vice President, General Counsel, Secretary | Dewayne Melvin Williams Vice President, Controller |
Business Overview |
NCS Multistage Holdings, Inc. is a provider of engineered products and support services for oil and natural gas well construction, well completions and field development strategies. The Company offers products and services primarily to exploration and production companies for use in onshore and offshore wells. The Company's products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including Argentina, China, the Middle East and the North Sea. The Company owns a 50% interest in Repeat Precision, LLC, which sells composite frac plugs, perforating guns and related products directly to customers. The Company also provides tracer diagnostics services for well completion and reservoir characterization that utilize downhole chemical and radioactive tracers. The Company sells products for well construction, including its casing buoyancy systems, liner hanger systems and toe initiation sleeves. |
Financial Overview |
For the three months ended 31 March 2024, NCS Multistage Holdings Inc revenues increased 1% to $43.9M. Net income totaled $2.1M vs. loss of $15M. Revenues reflect Canada segment increase of 3% to $31.7M, Other Countries segment increase of 39% to $2.2M. Net Income reflects Provision for litigation decrease from $17.5M (expense) to $0K, Selling, general and administrative exp decrease of 14% to $13.8M (expense). |
Employees: | 241 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $39.00M as of Mar 31, 2024 |
Annual revenue (TTM): | $142.78M as of Mar 31, 2024 |
EBITDA (TTM): | $0.44M as of Mar 31, 2024 |
Net annual income (TTM): | $13.89M as of Mar 31, 2024 |
Free cash flow (TTM): | $2.51M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,502,564 as of May 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |