NCS Multistage provides interim Q4 2018 and operational Update

|About: NCS Multistage Holdings (NCSM)|By:, SA News Editor

NCS Multistage (NCSM +4.7%) expects Q4 sales to be ~$49.7M-$50.7M; ended 2018 with over $25M in cash

US revenue is expected to ~$27.3M-$27.7M; the increase is primarily driven by higher product sales, offset by a slight decline in services revenue.

Canadian revenue is expected to be ~$19.1M-$19.4M, down 34% (midpoint) on Q/Q basis; the decline is primarily attributable to a reduction in activity in customer base as a result of low spot natural gas prices, declining crude oil prices and high crude oil price differentials

Amid deteriorating market conditions, particularly in Canada, NCS  expects to record non-cash impairment charges to goodwill and other long-lived assets.

Fiscal results expected in early March.

Subscribe for full text news in your inbox