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NCS Multistage (NCSM) investor relations material
NCS Multistage Sidoti's Year End Virtual Investor Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Company overview and market positioning
Focuses on technology-driven oilfield services and equipment, serving major global oil and gas producers.
Competes with larger, established firms by targeting niche areas for leadership and attractive margins.
Operates a capital-light model, outsourcing manufacturing to minimize investment and generate free cash flow.
Maintains a diversified customer base with limited concentration, serving over 200 clients annually.
Holds a 2% share in a $10 billion global completions market, with $180 million expected revenue in 2024.
Product lines and innovation
Four main product lines: Fracturing Systems, Repeat Precision, Tracer Diagnostics, and Well Construction.
Fracturing Systems account for 60% of revenue, with 30% market share in Canada and global leadership claims.
Repeat Precision expands addressable market with high-performance and dissolvable frac plugs.
Tracer Diagnostics, enhanced by the ResMetrics acquisition, provides data-driven well optimization.
Well Construction’s AirLock system supports efficient long-lateral drilling and completion.
Strategic growth and international expansion
Three core strategies: build on market leadership, capitalize on high-margin international growth, and commercialize innovative solutions.
International revenue doubled in 2024, rising from 5% to 10% of total revenue, driven by Middle East and North Sea growth.
Focuses on unconventional completions, offshore, and high-temperature applications for future growth.
Sees significant opportunity in Argentina’s Vaca Muerta and Middle Eastern unconventional markets.
Tracer Diagnostics product line helps international clients accelerate learning curves in unconventional development.
Next NCS Multistage earnings date
Next NCS Multistage earnings date
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