Q1 2026 NCS Multistage Holdings Inc Earnings Call Transcript

Apr 30, 2026 / 12:30 PM GMT

Release Date Price: $54.67 (-28.07%)

Transcript 10-Q8-K

Key Points

Positve

NCS Multistage Holdings Inc (NCSM) reported a significant year-over-year increase in U.S. revenue, which more than doubled, driven by repeat precision product sales and tracer diagnostic service revenue.
The company successfully converted field trials into recurring work with several customers, indicating strong product performance and customer satisfaction.
NCS Multistage Holdings Inc (NCSM) is investing in additional machining assets at Repeat Precision to increase capacity by approximately 25%, supporting future growth.
The company maintains a strong balance sheet with a positive net cash position of over $27 million and total liquidity of $53 million.
NCS Multistage Holdings Inc (NCSM) is on track to realize cost synergies from the ResMetrics integration, which is expected to accelerate in the second half of the year.

Negative

First-quarter revenue of $45.6 million was below the midpoint of prior guidance, primarily due to lower activity and rig counts in Canada and a decline in international service revenue.
The company experienced a 9% decline in revenue compared to the first quarter of the previous year, with Canada seeing a 38% decline.
Adjusted EBITDA was $5.6 million, falling short of the low end of the quarterly guidance range and declining from $8.2 million in the prior year.
The adjusted gross margin decreased to 40% from 44% in the same period last year, reflecting lower activity in Canada and reduced higher-margin international tracer diagnostic activity.
NCS Multistage Holdings Inc (NCSM) is facing increased supply chain costs, including shipping and transportation, due to the current conflict in the Middle East.

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

NCSM.OQ - NCS Multistage Holdings Inc
Q1 2026 NCS Multistage Holdings Inc Earnings Call
Apr 30, 2026 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. Welcome to the NCS Multistage First Quarter 2026 Results Conference Call.

All participants are at present in a listen-only mode.

Following management's formal presentation, instructions will be given for the question-and-answer session.

As a reminder, this conference is being recorded.

I would now like to hand the call over to Corbin Woodhall of Hayden IR. Corbin, you can begin.

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Unidentified_2 [2]
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Thank you, Latif. I would like to welcome everyone to

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