Curated News
By: NewsRamp Editorial Staff
May 02, 2025
Stonegate Capital Partners Updates Coverage on NCS Multistage Holdings, Inc. with Strong 1Q25 Results
TLDR
- NCS Multistage Holdings, Inc. reported a 14% revenue increase in 1Q25 driven by product sales in Canada and services revenue globally.
- NCSM's revenue growth in 1Q25 was due to increased product sales in Canada, services revenue worldwide, and expanded gross margins.
- NCSM's growth in revenue and margins indicate a positive trend in the company's ability to generate profits and provide valuable services globally.
- NCS Multistage Holdings, Inc. saw a 26% sequential increase in Canadian sales offsetting a 34% decline in international revenue in 1Q25.
Impact - Why it Matters
This news highlights the positive financial performance and growth prospects of NCS Multistage Holdings, Inc. It showcases the Company's ability to navigate challenges such as project delays and market uncertainties, while maintaining strong margins and international expansion. Investors and stakeholders should take note of NCSM's resilience and strategic focus on capturing opportunities in key markets for long-term success.
Summary
Stonegate Capital Partners updates their coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM), reporting a 14% year-over-year increase in total revenues to $50.0M in 1Q25. The growth was driven by strong sales in Canada and services revenue across all geographies, offsetting a decline in U.S. product sales. The Company expects continued revenue growth in FY25 despite the threat of increasing tariffs.
NCSM also saw improvements in gross margins, balance sheet, international growth, and cash flows. The Company ended 1Q25 with a solid liquidity position of $49.8M and is guiding to a full-year revenue range of $167.0M to $175.0M, along with adjusted EBITDA guidance of $20.0M to $24.0M.
Source Statement
This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Stonegate Capital Partners Updates Coverage on NCS Multistage Holdings, Inc. with Strong 1Q25 Results
