HOUSTON, April 24, 2025 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (Nasdaq: NCSM) will host a conference call to discuss its first quarter 2025 results on Thursday, May 1, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). NCS will issue its first quarter 2025 earnings release the evening prior to the conference call. For those participants who wish to ask questions, please dial (800) 715-9871 (U.S. toll-free) or +1 (646) 307-1963 (international) and enter the Conferenc ...

Company Overview - NCS Multistage Holdings, Inc. is a leading provider of highly engineered products and support services for optimizing oil and natural gas well construction, completions, and field development strategies [2] - The company primarily serves exploration and production companies for both onshore and offshore wells, focusing on those drilled with horizontal laterals in unconventional and conventional formations [2] - NCS's products and services are utilized across North America and selected international markets, including the North Sea, Middle East, Argentina, and China [2] - The company's common stock is traded on the Nasdaq Capital Market under the symbol "NCSM" [2] Upcoming Events - Ryan Hummer, the Chief Executive Officer of NCS, is scheduled to present at the Emerging Growth Conference on March 27, 2025, at 11:35 a.m. Central Time [1] - Interested parties can register for the presentation via a provided link, and a webcast will be available on the company's website for approximately 90 days following the event [1]

Core Insights - NCS Multistage Holdings, Inc. (NCSM) reported a 28% year-over-year increase in total revenues for Q4 2024, reaching $45.0 million [1][6] - The growth was primarily driven by a significant rise in international revenues, particularly from the Middle East tracer diagnostics projects, and a 19.5% increase in Canada [1] - U.S. results were mixed, with product sales increasing by 29.1% while services revenues decreased by 9.5% [1] - The company expects modest revenue growth through FY25 despite potential tariff increases [1] - Consolidated gross margins improved from 36.6% in Q4 2023 to 43.1% in Q4 2024 [1] Financial Performance - Total revenues for Q4 2024 were $45.0 million, marking a 28% year-over-year improvement [6] - The liquidity position of the company increased to $46.0 million from $37.0 million in Q3 2024 [6] - Adjusted EBITDA for the quarter was $8.2 million, reflecting a $5.7 million year-over-year improvement [6]

Financial Data and Key Metrics Changes - For Q4 2024, total revenues were $45 million, a 20% increase year-over-year, with contributions from all regions [21] - Full year 2024 revenues reached $162.6 million, a 14% improvement compared to 2023 [23] - Adjusted gross margin for Q4 2024 was 43%, up from 37% in Q4 2023, driven by higher margin international revenues [22] - Adjusted EBITDA for Q4 2024 was $8.2 million, significantly up from $2.5 million in Q4 2023 [26] - Full year adjusted EBITDA was $22.3 million, a substantial increase from $11.9 million in 2023 [27] Business Line Data and Key Metrics Changes - International revenue doubled from 5% to 10% of total revenue in 2024, reaching an all-time high of $16.5 million [12][23] - The company advanced the use of its fracturing systems technology, particularly in the North Sea and deepwater applications [11] Market Data and Key Metrics Changes - Canadian revenue increased by 20%, while U.S. revenue grew by 18% in Q4 2024 [21] - International revenue saw a remarkable increase of 280% year-over-year [21] Company Strategy and Development Direction - The company aims to grow revenue in excess of underlying market activity in 2025, focusing on Canada, the U.S., and international markets [18] - Strategic objectives include obtaining field trials for new technology and driving commercial success in new markets [18] - The company is actively pursuing M&A opportunities to enhance its technology and market presence [56] Management's Comments on Operating Environment and Future Outlook - Management expects 2025 customer activity in the U.S. to be flat to down, with slight increases in Canada and core international markets [30] - The strengthening U.S. dollar is anticipated to negatively impact revenue and adjusted EBITDA in 2025 [31] - The company plans to maintain a strong balance sheet and liquidity position, expecting to generate positive free cash flow in 2025 [36][37] Other Important Information - The company ended 2024 with a cash balance of nearly $26 million and a positive net cash position of $17.7 million [27][36] - Adjusted gross margin for the full year 2024 improved to 41% from 39% in 2023 [23] Q&A Session Summary Question: Insights on the cadence for the year and spring breakup in Canada - Management expects 2025 seasonality to mimic 2024, with typical activity patterns anticipated [43][44] Question: Factors driving margin expansion - Margin expansion was driven by international growth, operating leverage, and cost reduction actions taken in 2023 [48][50] Question: M&A opportunities and technology integration - The company is actively looking for small tech-related businesses that can complement its operations and enhance growth [56] Question: R&D developments and upcoming products - Exciting technologies are in development, with some nearing the prototype stage for market introduction [60]

Investor Update March 2025 Disclaimer Forward-Looking Statements The information in this presentation includes "forward-looking statements" that are subject to risks and uncertainties. All statements, other than statements of historical fact included in this presentation, regarding NCS Multistage Holdings, Inc.'s (the "Company," "NCS", "NCSM", "we" or "us") strategy, financial guidance, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of ...

Revenue and Market Performance - Approximately 63% of revenues in 2024 and 69% in 2023 were derived from operations in Canada, indicating a significant reliance on the Canadian market[291] - Total revenues for 2024 increased to $162,557,000, up 14.1% from $142,471,000 in 2023[308] - Product sales in the United States increased to $34,082,000 in 2024 from $26,613,000 in 2023, representing a growth of 28.0%[374] - Total revenues from Canada rose to $102,435,000 in 2024, up from $98,107,000 in 2023, marking a 4.0% increase[374] Financial Performance - Net income attributable to NCS Multistage Holdings, Inc. for 2024 was $6,593,000, compared to a net loss of $3,153,000 in 2023[308] - Basic earnings per share for 2024 was $2.60, a significant improvement from a loss of $1.27 per share in 2023[308] - Comprehensive income attributable to NCS Multistage Holdings, Inc. for 2024 was $4,741,000, compared to a loss of $3,288,000 in 2023[311] - Net income for 2024 was $8,138,000, a significant improvement from a net loss of $3,111,000 in 2023[316] Assets and Liabilities - Total current assets rose to $105,570,000 in 2024, compared to $103,217,000 in 2023, reflecting a 2.3% increase[306] - Total liabilities decreased to $36,703,000 in 2024, down from $42,639,000 in 2023, representing a reduction of 13.9%[306] - Total stockholders' equity increased to $116,109,000 in 2024, up from $109,393,000 in 2023, marking a growth of 6.5%[306] - The net property and equipment value decreased to $21,283,000 in 2024 from $23,336,000 in 2023, a decline of 8.8%[389] Cash Flow and Operating Activities - Net cash provided by operating activities increased to $12,725,000 in 2024, compared to $4,774,000 in 2023, reflecting a 167% increase[316] - Cash and cash equivalents increased to $25,880,000 in 2024 from $16,720,000 in 2023, a growth of 54.8%[306] - Total cash used in financing activities was $4,269,000 in 2024, up from $2,441,000 in 2023, reflecting increased financial obligations[316] Expenses and Costs - The company reported a total cost of sales of $95,096,000 in 2024, up from $86,868,000 in 2023, reflecting an increase of 9.5%[308] - The company reported a total of $57,820,000 in SG&A expenses for 2024, compared to $56,518,000 in 2023, reflecting a 2.3% increase[374] - Depreciation and amortization expenses increased to $5,316,000 in 2024 from $4,616,000 in 2023, a rise of 15%[316] Risks and Challenges - The company is exposed to credit risk due to the concentration of customers in the E&P industry, which may be similarly affected by economic and regulatory changes[294] - The company anticipates challenges in successfully implementing its strategy to increase sales in U.S. and international markets[12] - The company faces risks related to the inability to develop and implement new technologies that align with customer needs, particularly in non-traditional energy markets[14] - The company has identified potential risks from significant competition leading to pricing pressures and reduced market share[12] Debt and Financing - The company had no outstanding indebtedness under the ABL Facility or the Repeat Precision Promissory Note as of December 31, 2024[293] - Long-term debt as of December 31, 2024 was $6,001,000, slightly decreased from $6,344,000 in 2023, with total debt at $8,142,000[402] - The ABL Facility has an aggregate principal amount of $35 million, with an available borrowing base of $20.1 million as of December 31, 2024[405] Legal and Regulatory Matters - The company was ordered to pay approximately $1.8 million in costs to Kobold Corporation due to a patent infringement ruling, which was paid in November 2023[419] - The company expects to appeal the Canada Court decision regarding the patent infringement, with the appeal anticipated to be heard in early 2025[420] - NCS received jury awards of approximately $0.5 million and $1.9 million in damages against Nine Energy Services and TCO AS, respectively, related to patent infringement claims[422] Shareholder and Equity Information - Total share-based compensation expense for the year ended December 31, 2024, was $5.213 million, a slight decrease from $5.365 million in 2023[444] - The maximum aggregate number of shares available under the 2017 Equity Incentive Plan is 626,626 shares, with 185,281 shares available for future issuance as of December 31, 2024[431] - As of December 31, 2024, there was $1.1 million of total unrecognized compensation cost related to performance stock units (PSUs), expected to be recognized over a weighted average period of two years[440]

Exhibit 99.1 NCS Multistage Holdings, Inc. 19350 State Highway 249, Suite 600 Houston, Texas 77070 PRESS RELEASE NCS MULTISTAGE HOLDINGS, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS Fourth Quarter Results Full Year Results HOUSTON, March 10, 2025 – 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 f ...

Fourth Quarter Results Total revenues of $45.0 million, a 28% year-over-year improvementNet income of $3.5 million and earnings per diluted share of $1.32, an improvement to the prior year period after adjusting for the non-cash benefit of legal settlement from one year agoAdjusted EBITDA of $8.2 million, compared to $2.5 million in the fourth quarter of 2023  $25.9 million in cash and $8.1 million in debt as of December 31, 2024 Full Year Results Total revenues of $162.6 million, a 14% improvement over 202 ...

HOUSTON, March 05, 2025 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) will host a conference call to discuss its fourth quarter and full year 2024 results on Tuesday March 11, 2025 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). NCS will issue its fourth quarter and full year 2024 earnings release the evening prior to the conference call. The conference call will be available via a live audio webcast. Participants who wish to ask questions may register for the ...

Core Insights - NCS Multistage Holdings, Inc. (NASDAQ: NCSM) reported total revenues of $44.0 million, reflecting a 15% year-over-year improvement [2] - The company has a liquidity position of $37.0 million, up from $33.0 million in Q2 2024, and has a manageable debt level of $8.6 million [2] - Adjusted EBITDA for NCSM was $7.1 million, showing a $0.3 million year-over-year improvement [2]