NCS Multistage Holdings, Inc. 8K

NCS Multistage Holdings, Inc. announced second quarter 2026 results showing modest revenue growth but a net loss and reiterated details of its pending merger with Weatherford International plc expected to close in the second half of 2026.

NCS Multistage Holdings, Inc. reported its unaudited financial results for the quarter and six months ended June 30, 2026, highlighting a 5% year-over-year increase in second quarter revenue to $38.4 million but a swing to a net loss of $4.6 million (loss per share of $1.71) from net income of $0.9 million in the prior-year quarter, driven largely by higher selling, general and administrative expenses related to strategic acquisition activities including its pending merger with Weatherford International plc. The company generated adjusted EBITDA of $1.9 million versus $2.2 million a year earlier, ended the quarter with $31.3 million in cash and $7.5 million of finance-lease debt, and described geographic revenue trends across the U.S., Canada and international markets, including contributions from the 2025 ResMetrics acquisition. The release also reiterates that under a previously announced Agreement and Plan of Merger, a Weatherford subsidiary will merge with NCS, making NCS a wholly owned subsidiary of Weatherford, with NCS stockholders entitled to receive Weatherford ordinary shares or a mix of cash and Weatherford shares, subject to regulatory approvals and other customary closing conditions, and expected to close in the second half of 2026 with no further stockholder vote required due to written consent from the holder of more than 50% of NCS’s common stock.

Filing Facts

CIK

1692427

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-025071

Alert Tier

7