EU and US could reach trade deal this weekend - Reuters
NCS Multistage Holdings , Inc. (NASDAQ:NCSM), a company specializing in oil and gas field services with a market capitalization of $82.3 million and impressive year-to-date returns of 23.5%, reported the outcomes of its 2025 Annual Meeting of Stockholders that took place on Wednesday. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value assessment. The meeting saw the election of two Class II Directors, the ratification of the company’s independent accounting firm, the advisory approval of executive compensation, and the approval of the Amended and Restated 2017 Equity Incentive Plan.
The company, headquartered in Houston, Texas, which maintains strong financial health with a current ratio of 4.57 and holds more cash than debt on its balance sheet, disclosed that approximately 87.5% of the total eligible votes were cast at the meeting. The two Class II Directors, Robert Nipper and Ryan Hummer, were elected with 1,771,701 and 1,779,141 votes, respectively. Votes withheld were 238,266 for Nipper and 230,826 for Hummer, with each director having 212,443 broker non-votes.
Stockholders ratified the appointment of Grant Thornton LLP as the independent registered public accounting firm for the year ending December 31, 2025, with an overwhelming majority of 2,195,767 votes for, 22,589 against, and 4,054 abstentions.
The compensation of the company’s named executive officers received advisory approval, with 1,975,710 votes for, 10,498 against, and 23,759 abstentions, accompanied by 212,443 broker non-votes.
Finally, the Amended and Restated 2017 Equity Incentive Plan was approved with 1,764,604 votes for, 244,776 against, and 587 abstentions, along with 212,443 broker non-votes.
The report, filed with the Securities and Exchange Commission, follows the requirements of the Securities Exchange Act of 1934 and was duly signed by Mike Morrison, the company’s Chief Financial Officer and Treasurer. With a "GREAT" overall financial health score and several positive indicators, InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the platform’s coverage of over 1,400 US stocks.
In other recent news, NCS Multistage Holdings Inc. reported a strong performance for the first quarter of 2025, with earnings per share (EPS) of $1.51, significantly exceeding the forecasted $0.89. The company’s revenue reached $50 million, surpassing expectations of $45.71 million, marking a 14% year-over-year increase. This positive financial outcome was largely driven by a 19% growth in Canadian sales. The company also highlighted its strategic focus on product innovation and international expansion, which contributed to the revenue boost. For the full year 2025, NCS Multistage projects revenue between $165 million and $175 million and adjusted EBITDA between $20 million and $24 million. Despite these positive results, the company remains cautious about the second half of the year due to market uncertainties, including potential geopolitical factors and fluctuating oil prices. Analysts have not recently provided any upgrades or downgrades for NCS Multistage.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.