NCS Multistage Holdings, Inc. (NCSM) Q2 2023 Earnings Call Transcript

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Q2: 2023-07-31 Earnings Summary

EPS of -$13.02 misses by $13.02

NCS Multistage Holdings, Inc. (NASDAQ:NCSM) Q2 2023 Earnings Conference Call August 1, 2023 8:30 AM ET

Company Participants

Mike Morrison - Chief Financial Officer
Ryan Hummer - Chief Executive Officer

Conference Call Participants

John Daniel - Daniel Energy Partners
Dave Storms - Stonegate
Jeff Robertson - Water Tower Research

Operator

Good day and thank you for standing by. Welcome to the Q2 2023 NCS Multistage Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Mike Morrison, CFO. Please go ahead.

Mike Morrison

Thank you Didi and thank you for joining the NCS Multistage second quarter 2023 conference call. Our call today will be led by our CEO, Ryan Hummer, and I will also provide comments. I want to remind listeners that some of today’s comments include forward-looking statements such as comments regarding our future expectations for financial results and business operations. These statements, including our financial guidance and expectations are subject to many risks and uncertainties that could cause our actual results to differ materially from any expectation expressed herein, including the impacts of inflation, Central Bank’s actions to combat inflation, distress at U.S. regional banks, the Canadian wildfires and Russia’s ongoing invasion in Ukraine on the global economy, oil and natural gas demand and our company.

Please refer to our most recent annual report on Form 10-K and our latest SEC filings for risk factors and cautions regarding forward-looking statements. Our comments today also include non-GAAP financial measures, including adjusted EBITDA, free cash flow and net working capital. The underlying details and reconciliations of non-GAAP measures to the most comparable GAAP financial measures are included in our second quarter earnings release, which can be found on our website, ncsmultistage.com.

I will

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