NCS Multistage Holdings, Inc. Provides Revenue Guidance for the Third Quarter and Full Year 2023
August 01, 2023 at 08:30 am EDT
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NCS Multistage Holdings, Inc. provided revenue guidance for the third quarter and full year 2023. For third quarter, company expects total revenues of $47 million to $52 million.
For full year guidance for 2023, company currently expect full year revenue to be between $160 million and $175 million and company expect to continue to grow revenue approximately 5% to 10% in 2023, despite reduced expectations for industry activity levels.
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 Companyâs 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.
NCS MULTISTAGE HOLDINGS, INC. 
