Q3 2025 NCS Multistage Holdings Inc Earnings Call Transcript

Oct 30, 2025 / 12:30 PM GMT

Release Date Price: $37.35 (-7.00%)

Transcript 10-Q8-K

Key Points

Positve

NCS Multistage Holdings Inc (NCSM) reported third-quarter revenue of $46.5 million, exceeding the midpoint of their guided range.
US revenue increased by 26% sequentially and 54% compared to the same quarter last year, excluding contributions from Resmetrics.
The company generated $6.8 million in free cash flow after distributions to non-controlling interest during the first nine months of 2025, an improvement of $6.5 million compared to the same period last year.
NCS Multistage Holdings Inc (NCSM) has a strong cash position with a cash balance exceeding $25 million as of September 30, 2025.
The integration of Resmetrics is progressing well, with early successes in operational and financial performance, contributing to the company's growth.

Negative

The Canadian market experienced a 19% decline in revenue due to a general slowdown in activity levels and lower rig counts.
There are ongoing challenges in the market with a stagnating US recount and double-digit year-over-year activity declines in Canada.
Potential oversupply in the oil market due to increased OPEC+ oil supply and ongoing uncertainties related to tariffs and trade.
The company's annual revenue expectation for 2025 is slightly below previous guidance due to nearly $1 million in additional expenses related to cash-settled stock awards.
NCS Multistage Holdings Inc (NCSM) remains cautious moving into the fourth quarter due to challenging market and industry conditions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NCSM.OQ - NCS Multistage Holdings Inc
Q3 2025 NCS Multistage Holdings Inc Earnings Call
Oct 30, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the NCS Multi-stage Q3 2025 earnings conference call.

At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session.

To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised.

To withdraw your question, please press star 11 again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Mike Morrison, CFO. Please go ahead.

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