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Stock impact report

NCS Multistage Holdings, Inc. Announces First Quarter 2020 Operational Update

NCS Multistage Holdings, Inc. (NCSM) 
Last ncs multistage holdings, inc. earnings: 3/2 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ncsmultistage.com
Company Research Source: GlobeNewswire
HOUSTON, April 02, 2020 (GLOBE NEWSWIRE) -- NCS Multistage Holdings, Inc. (the “Company,” “NCS,” “we” or “us”) (NASDAQ:NCSM) today announced immediate actions taken in response to current global market conditions which have been impacted by the effect of COVID-19 on economic activity, reduced demand for crude oil, refined products and natural gas and recently-announced reductions in drilling and completion activity by E&P companies.  We expect our operational and financial results for the first quarter and full year 2020 to be negatively impacted by a reduction in demand for our products and services and potential disruptions to field operations in certain geographies.  As a result, the Company is withdrawing guidance related to the first quarter and full year 2020 provided in our earnings call on March 3, 2020, and as such, investors should no longer rely on that guidance. The Company is not providing an updated outlook at this time. In response to these market circumstances, the Show less Read more
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