NCS Multistage Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 07, 2024 at 04:25 pm EST
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NCS Multistage Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 35.25 million compared to USD 40.19 million a year ago. Net income was USD 39.64 million compared to USD 1.98 million a year ago. Basic earnings per share from continuing operations was USD 15.96 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 15.8 compared to USD 0.81 a year ago.
For the full year, revenue was USD 142.47 million compared to USD 155.63 million a year ago. Net loss was USD 3.15 million compared to USD 1.1 million a year ago. Basic loss per share from continuing operations was USD 1.27 compared to USD 0.45 a year ago. Diluted loss per share from continuing operations was USD 1.27 compared to USD 0.45 a year ago.
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. 
