NCS Multistage Holdings, Inc.
Description
NCS Multistage Holdings, Inc. provides engineered products and support services for oil and natural gas well completions and construction, and field development strategies in the United States, Canada, and internationally. It offers fracturing systems, which include casing-installed sliding sleeves, downhole frac isolation assemblies, and sand jet perforating products; enhanced recovery products, such as sliding sleeve, as well as Terrus system, an injection control device; repeat precision products comprising composite frac plugs and bridge plugs, single-use disposable setting tools, express systems, and related products; chemical and radioactive tracer diagnostics services; and well construction products, including AirLock casing buoyancy system, Vecturon and Vectraset liner hanger systems, and Toe initiation sleeves. It offers its products and services primarily to exploration and production companies for use in onshore wells through technically-trained sales force, and operating partners or sales representatives. The company was formerly known as Pioneer Super Holdings, Inc. and changed its name to NCS Multistage Holdings, Inc. in December 2016. NCS Multistage Holdings, Inc. was founded in 2006 and is headquartered in Houston, Texas.
About
CEO
Mr. Ryan Hummer
Employees
241
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Equipment & Services
MIC code
XNCM
Address
19350 State Highway 249, Houston, TX 77070, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 29, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Mar 6, 2025 | 0.83 | — | — | — |
| Oct 31, 2024 | 1.27 | 1.50 | 0.23 | 18.11% |
Earnings estimate
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Next Quarter
(Mar 2025)
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Next Year
(Dec 2025)
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
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Current year
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Next year (Dec 2025)
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 142.47M | 155.63M | 118.50M | 106.98M | 205.49M |
| Cost of revenue | 91.48M | 99.55M | 74.53M | 68.80M | 118.47M |
| Gross profit | 50.99M | 56.09M | 43.97M | 38.18M | 87.02M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 56.52M | 58.34M | 49.09M | 59.43M | 88.55M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -5.53M | -2.25M | -5.12M | -21.25M | -1.54M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 586,000 | 1.02M | 733,000 | 1.80M | 1.93M |
| Other income expense | 2.77M | 2.67M | 2.34M | -23.85M | -8.61M |
| Pretax income | -3.34M | -601,000 | -3.52M | -46.89M | -12.07M |
| Tax provision | -232,000 | 351,000 | 263,000 | -7.78M | 10.75M |
| Net income | -3.11M | -952,000 | -3.78M | -39.11M | -22.82M |
| Basic EPS | -1.27 | -0.45 | -1.98 | -24.37 | -14.00 |
| Diluted EPS | -1.27 | -0.45 | -1.98 | -24.37 | -14.00 |
| Basic average shares | 2.47M | 2.43M | 2.40M | 2.36M | 2.33M |
| Diluted average shares | 2.47M | 2.43M | 2.40M | 2.36M | 2.33M |
| EBITDA | 3.20M | 5.02M | 1.44M | -13.63M | 9.21M |
| Net income from continuing op. | -3.11M | -952,000 | -3.78M | -39.11M | -22.82M |
| Minority interests | -42,000 | -150,000 | -955,000 | -18.49M | -10.01M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 152.03M | 138.60M | 142.33M | 138.68M | 202.58M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 16.72M | 16.23M | 22.17M | 15.55M | 11.24M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 23.98M | 27.85M | 24.39M | 21.93M | 41.96M |
| Other receivables | 17.62M | 1.86M | 2.50M | 2.06M | 5.03M |
| Inventory | 41.61M | 37.04M | 33.92M | 34.87M | 39.92M |
| Prepaid assets | — | — | 3.29M | 2.98M | 2.44M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 1.86M | 2.82M | 3.29M | — | — |
| Non current assets | |||||
| Properties | 17.61M | 15.80M | 15.28M | 13.43M | 11.05M |
| Land and improvements | 1.63M | 1.59M | 1.70M | 1.70M | 2.09M |
| Machinery furniture equipment | 22.77M | 21.27M | 21.76M | 22.18M | 26.02M |
| Construction in progress | 337,000 | 545,000 | 430,000 | 100,000 | 975,000 |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -21.91M | -18.84M | -17.75M | -16.31M | -14.33M |
| Goodwill | 34.85M | 35.52M | 36.19M | 36.86M | 75.69M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 4.41M | 5.08M | 5.74M | 6.41M | 45.25M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 1.00M | 2.81M | 3.35M | 3.76M | 3.47M |
| Total liabilities | 42.64M | 29.34M | 31.66M | 25.19M | 39.03M |
| Current liabilities | |||||
| Accounts payable | 6.23M | 7.55M | 7.50M | 4.94M | 8.55M |
| Accrued expenses | 18.02M | 4.05M | 5.77M | 2.11M | 2.99M |
| Short term debt | 3.40M | 2.76M | 3.04M | 3.17M | 3.53M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 615,000 | 808,000 | 844,000 | 1.16M | 2.35M |
| Pensions | 436,000 | — | — | 730,000 | — |
| Other current liabilities | 3.37M | 2.52M | 2.66M | 2.77M | 2.36M |
| Non current liabilities | |||||
| Long term debt | 10.12M | 10.12M | 10.11M | 8.43M | 14.92M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 249,000 | 199,000 | 114,000 | 13,000 | 2.96M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 213,000 | 1.33M | 1.61M | 1.86M | 1.37M |
| Shareholders equity | |||||
| Common stock | 25,000 | 24,000 | 24,000 | 24,000 | 23,000 |
| Retained earnings | -265.62M | -262.46M | -261.36M | -256.63M | -199.03M |
| Other shareholders equity | -85.75M | -85.62M | -82.09M | -81.78M | -80.81M |
| Total shareholders equity | 109.39M | 109.26M | 110.67M | 113.49M | 163.55M |
| Additional paid in capital | 444.64M | 440.48M | 437.02M | 432.80M | 425.08M |
| Treasury stock | 1.68M | 1.39M | 1.01M | 809,000 | 652,000 |
| Minority interest | 17.78M | 18.23M | 18.08M | 19.88M | 18.94M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | -3.11M | -952,000 | -3.78M | -39.11M | -22.82M | -185.23M | 1.29M | -17.93M | 28.03M |
| Depreciation | 4.62M | 4.32M | 4.50M | 5.89M | 10.44M | 17.84M | 27.65M | 25.57M | 27.27M |
| Deferred Taxes | 152,000 | 266,000 | 96,000 | -3.20M | 9.00M | -28.84M | -18.96M | -9.27M | -11.30M |
| Stock-Based Compensation | 5.37M | 6.04M | 6.62M | 8.48M | 12.54M | 10.93M | 6.11M | 1.35M | 1.31M |
| Other Non-Cash Items | 750,000 | 1.02M | 562,000 | -3.10M | -2.69M | -2.54M | 7.39M | 740,000 | 945,000 |
| Accounts Receivable | 4.54M | -4.86M | -2.56M | 19.25M | 4.74M | -4.21M | -9.49M | -6.48M | 16.30M |
| Accounts Payable | -2.58M | 1.22M | 2.84M | -3.17M | 2.58M | 219,000 | -3.76M | 5.13M | -3.13M |
| Other Assets & Liabilities | -8.53M | -10.17M | -513,000 | 1.03M | -7.64M | -20.68M | 4.94M | 4.98M | -24.31M |
| Operating Cash Flow | 1.21M | -3.11M | 7.77M | -13.93M | 6.14M | -212.51M | 15.18M | 4.09M | 35.11M |
| Investing Activities | |||||||||
| Capital Expenditures | -1.37M | -602,000 | -106,000 | -1.00M | -4.75M | -10.74M | -5.01M | -840,000 | -466,000 |
| Net Intangibles | -310,000 | -96,000 | -338,000 | -55,000 | -251,000 | -4.68M | -54,000 | — | — |
| Net Acquisitions | — | — | — | — | — | — | -81.16M | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -1.37M | -602,000 | -106,000 | -1.00M | -4.75M | -10.74M | -85.17M | -1.84M | -1.22M |
| Financing Activities | |||||||||
| Long-Term Debt Issuance | 11.70M | 11.78M | 360,000 | 5.00M | 835,000 | 7.35M | 30.53M | — | — |
| Long-Term Debt Payments | -13.36M | -13.19M | -1.68M | -16.51M | -15.02M | -11.10M | -95.46M | — | -51.57M |
| Other Financing Charges | -500,000 | -952,000 | -2.75M | -18.10M | -13.83M | -2.30M | -2.40M | -242,000 | -1.20M |
| Financing Cash Flow | -2.50M | -2.69M | -4.27M | -24.77M | -28.33M | -6.21M | 104.02M | -315,000 | -12.77M |
| Other Cash Details | |||||||||
| End Cash Position | 16.72M | 16.23M | 22.17M | 15.55M | 11.24M | 25.13M | 33.81M | 18.28M | 9.55M |
| Income Tax Paid | — | — | — | — | 122,000 | 22.36M | 4.03M | 130,000 | 20.48M |
| Interest Paid | 377,000 | 557,000 | 423,000 | 929,000 | 1.07M | 1.37M | 3.02M | 5.45M | 9.38M |
| Free Cash Flow | 2.58M | -2.55M | 10.75M | 32.96M | 11.58M | -1.78M | 10.69M | 9.53M | 3.48M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Meridian Small Cap Growth Fund | Sep 30, 2024 | 35,932 | 1.07M | 1.44% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 19,107 | 568,433 | 0.76% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 10,480 | 311,780 | 0.42% |
| Bridgeway Fds Inc-Omni Small Cap Value Fund | Sep 30, 2024 | 10,000 | 297,500 | 0.40% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 9,276 | 275,961 | 0.37% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 4,021 | 119,624 | 0.16% |
| Fidelity Total Market Index Fund | Nov 30, 2024 | 1,783 | 53,044 | 0.07% |
| iShares Micro Cap ETF | Nov 30, 2024 | 1,748 | 52,003 | 0.07% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 1,837 | 54,650 | 0.07% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 1,729 | 51,437 | 0.07% |
Article
Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) 2024 Q3
Dallas, Texas--(Newsfile Corp. - November 5, 2024) - NCS Multistage Holdings, Inc. (NASDAQ: NCSM): Stonegate Capital Partners updates their coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM). To view the full announcement, including downloadable images, bios, and more, click here.
Nov 5, 2024
Article
NCS Multistage Holdings, Inc. (NCSM) Q3 2024 Earnings Call Transcript
NCS Multistage Holdings, Inc. (NASDAQ:NCSM ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Mike Morrison - Chief Financial Officer Ryan Hummer - Chief Executive Officer Conference Call Participants Dave Storms - Stonegate John Daniel - Daniel Energy Partners Jeff Robertson - Water Tower Research Operator Good day and thank you for standing by. Welcome to the Third Quarter 2024 NCS Multistage Earnings Conference Call.
Nov 1, 2024
Article
NCS Multistage Holdings, Inc. Announces Third Quarter 2024 Results
Third Quarter Results Total revenues of $44.0 million, a 15% year-over-year improvement, driven in part by increased international revenues Net income of $4.1 million and diluted earnings per share of $1.60, compared to $4.4 million and diluted earnings per share of $1.77 one year ago Adjusted EBITDA of $7.1 million, a $0.3 million year-over-year improvement Cash flows from operating activities of $2.1 million for the first nine months of 2024; free cash flow less distributions to non-controlling interest of $0.4 million, a $3.3 million improvement over the first nine months of 2023 $15.3 million in cash and $8.6 million of total debt as of September 30, 2024 HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (Nasdaq: NCSM) (the “Company,” “NCS,” “we” or “us”), a leading provider of highly engineered products and support services that facilitate the optimization of oil and natural gas well construction, well completions and field development strategies, today announced its results for the quarter ended September 30, 2024. Financial Review Total revenues were $44.0 million for the quarter ended September 30, 2024 compared to $38.3 million for the third quarter of 2023.
Oct 30, 2024
