NCS Multistage Holdings Reports Record Quarterly Revenue, Signaling Strong Growth in Texas and Beyond

NCS Multistage Holdings, Inc., a key player in the Texas business landscape, has reported a remarkable first-quarter financial performance for 2025, with total revenues hitting $50.0 million. This marks a 14% increase compared to the same period last year and represents the company's highest quarterly revenue since early 2020. The growth is attributed to heightened product sales in Canada and increased service revenues across various international markets, underscoring the company's expanding global footprint and its contribution to the Texas economy.

The Canadian market, in particular, has shown strong activity, especially in fracturing system completions, while international revenues have benefited from tracer diagnostics work in the Middle East and sales in the North Sea. Sequentially, total revenues saw an 11% increase, with Canadian sales jumping 26%. This performance not only reflects the company's operational efficiency but also its ability to capitalize on high-margin opportunities worldwide.

Financially, NCS Multistage Holdings has demonstrated significant improvements across the board. Gross margins expanded to 43.7%, up from 40.1% in the first quarter of 2024, with earnings per share soaring to $1.58 from $0.83 in the previous year. The company's strengthened balance sheet, with net working capital increasing to $64.4 million and liquidity positions improving substantially, further highlights its financial health and stability.

Looking ahead, NCS Multistage Holdings has set ambitious full-year revenue projections between $167.0 million and $175.0 million, with adjusted EBITDA expected to range from $20.0 million to $24.0 million. These targets, coupled with valuation analyses suggesting a promising target price range, indicate the company's confidence in its growth trajectory and its potential to make a lasting economic impact in Texas and beyond.

This news is particularly significant for stakeholders in the Texas business community and the global energy sector, as it showcases the resilience and growth potential of companies operating in challenging markets. NCS Multistage Holdings' performance serves as a testament to the importance of innovation and strategic market expansion in driving economic success.