NCS Multistage Holdings, Inc. (NCSM) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. I would like to hand it over to your speaker today, Corbin Woodhull, Hayden Investor Relations. Please go ahead. Thank you, Victor. I would like to welcome everyone to the conference call and thank NCS Multistage Management for hosting today's call. With us on the call today are Mr. Ryan Hummer, CEO of NCS Multistage, and Mr. Mike Morrison, the CFO. I want to remind listeners that some of today's comments include forward-looking statements such as our financial guidance and comments regarding our future expectations for financial results and business operations. These statements are subject to many risks and uncertainties that could cause our actual results to differ materially from any other expectations expressed herein. Please refer to our most recent annual report on Form 10-K and our latest SEC filings for risk factors and cautions regarding forward-looking statements. Our comments today, as well as the results of operations included in our earnings release, contain the following non-GAAP financial measures. EBITDA, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA less share-based compensation, adjusted gross profit, adjusted gross margin, free cash flow, free cash flow less distributions to non-controlling interest, net working capital, return on invested capital, net operating profit after tax, and average invested capital. These non-GAAP measures and reconciliations to the most comparable GAAP financial measures are provided in our fourth quarter earnings release, which can be found on our website at ncsmultisage.com. I will now turn the call over to Ryan Hummer. Thank you, Corbin, and welcome to our investors, analysts, and employees who are joining our fourth quarter and full year 2025 earnings conference call...