NCS Multistage Holdings Inc (OQ:NCSM)

Business Focus: Oil Related Services and Equipment

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
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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

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