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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Stonegate Updates Coverage on NCS Multistage Holdings, Inc. (NCSM) 2025 Q2

By: Newsfile

Dallas, Texas--(Newsfile Corp. - August 4, 2025) - NCS Multistage Holdings, Inc. (NASDAQ: NCSM): Stonegate Capital Partners updates their coverage on NCS Multistage Holdings, Inc. (NASDAQ: NCSM). In 2Q25, NCSM reported total revenues of $36.5M, a 22.8% year-over-year increase, outperforming broader industry activity levels. Growth was primarily driven by increased fracturing systems activity and frac plug sales in both Canada and the U.S., despite a 52% sequential revenue decline in Canada due to spring break-up. International revenues declined year-over-year due to reduced tracer diagnostics work in the Middle East but were up 67.2% sequentially, supported by higher equipment sales in the North Sea. U.S. revenues rose 45% sequentially as previously delayed projects resumed. Adjusted Gross margins came in at 35.7%, down from 40.3% in 2Q24. Going forward, we continue to expect modest revenue and margin growth through FY25, supported by resilience in core product lines and contributions from the recent ResMetrics acquisition.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

  • Second quarter revenue rose 23% y/y to $36.5M, driven by strong U.S. and International activity.
  • Adj. EBITDA improved to $2.2M; EPS of $0.34 includes $1.4M tax benefit.
  • In 2Q25, NCSM closed the acquisition of ResMetrics, adding a high-margin diagnostics business expected to contribute $4-5M in revenue and $1-1.5M in EBITDA in FY25.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7294/261221_figure1_550.jpg

Click image above to view full announcement.


About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Contacts:

Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261221

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