Latest news with #NESR
Yahoo
6 days ago
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- Yahoo
National Energy Services Reunited (NESR) Misses Q1 Earnings and Revenue Estimates
National Energy Services Reunited (NESR) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -30%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.30, delivering no surprise. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. National Energy Services Reunited , which belongs to the Zacks Oil and Gas - Mechanical and and Equipment industry, posted revenues of $303.1 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.52%. This compares to year-ago revenues of $296.85 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. National Energy Services Reunited shares have lost about 29.5% since the beginning of the year versus the S&P 500's gain of 0.9%. While National Energy Services Reunited has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for National Energy Services Reunited: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $347.61 million in revenues for the coming quarter and $1.19 on $1.4 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Mechanical and and Equipment is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Oils-Energy sector, ReNew Energy Global PLC (RNW), is yet to report results for the quarter ended March 2025. This company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +250%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. ReNew Energy Global PLC's revenues are expected to be $291.8 million, down 1.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report National Energy Services Reunited (NESR) : Free Stock Analysis Report ReNew Energy Global PLC (RNW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
National Energy Services Reunited Corp. Reports First Quarter Financial Results
Revenue for the quarter ended March 31, 2025, is $303.1 million, growing 2.1% year-over-year Net income for the quarter ended March 31, 2025, is $10.4 million, growing 4.1% year-over-year Adjusted EBITDA (a non-GAAP measure)* for the quarter ended March 31, 2025, is $62.5 million, as compared to $64.2 million for the quarter ended March 31, 2024 Diluted Earnings per Share (EPS) for the quarter ended March 31, 2025, is $0.11, growing 10.0% year-over-year Operating cash flow for the three months ended March 31, 2025, is $20.5 million HOUSTON, TX / / June 3, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today reported its financial results as of and for the three months ended March 31, 2025. The Company posted the following results for the periods presented: Three Months Ended Variance (in thousands except per share amounts and percentages) March 31, 2025 December 31, 2024 March 31, 2024 Sequential Year-over-year Revenue $ 303,102 $ 343,682 $ 296,848 (11.8 )% 2.1 % Net income 10,391 26,837 9,982 (61.3 )% 4.1 % Adjusted net income (non-GAAP)* 12,963 28,140 14,046 (53.9 )% (7.7 )% Adjusted EBITDA (non-GAAP)* 62,463 87,219 64,216 (28.4 )% (2.7 )% Diluted EPS 0.11 0.28 0.10 (60.7 )% 10.0 % Adjusted Diluted EPS (non-GAAP)* 0.14 0.30 0.15 (53.3 )% (6.7 )% *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ("GAAP"). However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1, 2, 3, and 4 below for reconciliations of GAAP to non-GAAP financial measures. The Condensed Consolidated Balance Sheets, Condensed Consolidated Interim Statements of Operations, and Condensed Consolidated Interim Statements of Cash Flows are derived from the unaudited condensed consolidated interim financial statements present in our Period Report on Form 6-K as of and for the three months ended March 31, 2025. Stefan Angeli, Chief Financial Officer commented "Despite seasonal slowdowns associated with the holy month of Ramadan and continued macroeconomic uncertainty, NESR delivered solid results in Q1 2025. Revenue reached $303.1 million, representing a 2.1% increase compared to Q1 2024, and as expected, declined sequentially from Q4 2024. Adjusted EBITDA for the quarter was $62.5 million, with a margin of 20.6%, while cash flow from operations totaled $20.5 million. Owing to the strength of our recent financial results, we are pleased to report that our Net Debt to Adjusted EBITDA ratio remained below 1.0, ending the quarter at 0.93 as of March 31, 2025, a significant improvement from 1.30 at March 31, 2024. Adjusted EPS for Q1 2025 was $0.14, broadly in line with $0.15 reported in Q1 2024. Return on Capital Employed (ROCE) on a trailing twelve-month basis was 11.3%. Operational execution across the region remained strong throughout the quarter, underpinned by continued improved processes, streamlined procedures, and reinforced internal controls. These enhancements have transformed our back-office operations and played a significant role in driving our performance. In spite of global economic headwinds, conditions in the MENA region remain supportive of growth, and NESR remains firmly focused on its core strategic priorities: delivering profitable revenue growth, enhancing execution efficiency, commercializing new technology, and improving debt reduction and working capital efficiency to support long-term financial performance. On behalf of management, I would like to express our sincere gratitude to our entire workforce for their outstanding efforts in delivering these results, and to our directors, shareholders, and banking partners for their continued trust and unwavering support. We believe the path forward holds significant opportunity, and we remain confident in our ability to deliver." Sherif Foda, Chairman and Chief Executive Officer, commented, "Firstly, I would like to express my sincere appreciation to our field teams for their unwavering commitment, exceptional service quality, and dedication to our valued customers during the quarter, especially in light of the holiday period and geopolitical headwinds in recent months. We take pride in operating within the strongest geographic region globally for upstream activity and despite recent declines in commodity prices, we remain confident in our continued growth trajectory. Much like our successful execution during the COVID-19 pandemic in 2020 and 2021, we are once again investing countercyclically, positioning ourselves for opportunities in the short, medium, and long term. With multiple recent contract awards across key countries, we anticipate solid performance in both 2025 and 2026. We are also accelerating the deployment of advanced technologies across our footprint and are especially encouraged by the momentum in our NEDA portfolio. This progress signals a major opportunity in unlocking value in the water and mineral sectors, an area we are truly excited about." Net Income and Adjusted Net Income Results For the quarter ended March 31, 2025, the Company reported net income of $10.4 million, an increase of $0.4 million compared to the same period last year. This improvement was primarily driven by increased rig assignments in Saudi Arabia and higher contributions from the ROYA™ advanced directional drilling platform, partially offset by the seasonal slowdown in project activity during the holy month of Ramadan. Adjusted net income for the quarter ended March 31, 2025, was $13.0 million, which includes adjustments totaling $2.6 million (collectively, 'Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS'). These adjustments primarily relate to expenditures aimed at remediating the Company's material weaknesses and impairment charges, somewhat counterbalanced by releases from litigation reserves and current expected credit loss provisions. A complete list of the adjusting items and the associated reconciliation from GAAP has been provided in Table 1 below in the section entitled "Reconciliation of Net Income and Adjusted Net Income." The Company reported $0.11 of diluted EPS for the quarter ended March 31, 2025. Adjusted for the impact of Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS, Adjusted Diluted EPS, a non-GAAP measure described in Table 1 below, for the quarter ended March 31, 2025, was $0.14. Adjusted EBITDA Results The Company generated Adjusted EBITDA of $62.5 million for the quarter ended March 31, 2025, representing a decrease of 2.7% year-over-year. Adjusted EBITDA includes adjustments totaling $2.6 million (referred to as 'Total Charges and Credits impacting Adjusted EBITDA'), which represent components of the Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS that are not related to interest, taxes, or depreciation and amortization. As referenced above, a detailed list of these adjusting items and the corresponding GAAP reconciliation is provided in Table 1. The Company reported the following financial results for the periods presented. (in thousands) Quarter endedMarch 31, 2025 Quarter endedDecember 31, 2024 Quarter endedMarch 31, 2024 Revenue $ 303,102 $ 343,682 $ 296,848 Adjusted EBITDA $ 62,463 $ 87,219 $ 64,216 Balance Sheet Cash and cash equivalents are $78.7 million as of March 31, 2025, compared to $108.0 million as of December 31, 2024. Free cash flow, a non-GAAP measure, was negative $9.6 million for the three months ended March 31, 2025, compared to $31.2 million for the same period in 2024. The decline was primarily driven by seasonal increases in working capital during the holy month of Ramadan, mitigated in part by lower capital expenditures year-over-year. As of March 31, 2025, total debt stood at $366.3 million, with $127.7 million classified as short-term, compared to $382.8 million and $128.5 million, respectively, as of December 31, 2024. Net Debt (a non-GAAP measure), defined as the sum of current installments of long-term debt, short-term borrowings, and long-term debt, less cash and cash equivalents, totaled $287.6 million at March 31, 2025, up from $274.9 million at year-end 2024. The increase in Net Debt was primarily due to a decrease in cash, despite long-term debt repayments made during the quarter. A reconciliation of the comparable GAAP measures to Net Debt is provided in Table 4 below, entitled "Reconciliation to Net Debt." About National Energy Services Reunited Corp. Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in 16 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services. Conference Call A conference call is scheduled for 8:00 AM ET on June 3, 2025, to discuss the financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0890 or the international line at 1-201-389-0918, approximately 10 minutes prior to the start of the call. A live, listen-only earnings webcast will also be broadcast simultaneously under the "Investors" section of the Company's website at Following the end of the conference call, a replay will be available after the event under the "Investors" section of the Company's website. Forward-Looking Statements This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this communication that are not statements of historical fact, may be deemed forward-looking statements. Terms such as "may," "might," "would," "should," "could," "project," "estimate," "predict," "potential," "strategy," "anticipate," "attempt," "develop," "plan," "help," "believe," "continue," "intend," "expect," "future," and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this communication may include, without limitation, the plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company's future financial performance, expansion plans and opportunities, completion and integration of acquisitions, and the assumptions underlying or relating to any such statement. The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over including the impact of the extent of any material weakness or significant deficiencies in our internal control over financial reporting and any action taken by the Securities and Exchange Commission (the "SEC") including potential fines or penalties arising out of the SEC inquiry. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: catastrophic events, the level of capital spending by our customers, political, market, financial and regulatory risks, including those related to the geographic concentration of our operations and customers, our operations, including maintenance, upgrades and refurbishment of our assets, may require significant capital expenditures, which may or may not be available to us, operating hazards inherent in our industry and the ability to secure sufficient indemnities and insurance, our ability to successfully integrate acquisitions, competition, including for capital and technological advances, and other risks and uncertainties set forth in the Company's most recent Annual Report on Form 20-F filed with the SEC. You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC. The preliminary financial results for the Company as of and for the three months ended March 31, 2025, included in this press release represent the most current information available to management. The Company's actual results when disclosed in its subsequent Periodic Reports on Form 6-K may differ from these preliminary results as a result of the completion of the Company's financial statement closing procedures, final adjustments, completion of the independent registered public accounting firm's review procedures, and other developments that may arise between now and the disclosure of the final results. NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In US$ thousands, except share data) March 31, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents $ 78,695 107,956 Accounts receivable, net 164,805 137,265 Unbilled revenue 130,072 111,734 Service inventories 101,419 96,772 Prepaid assets 9,400 10,146 Retention withholdings 22,238 31,072 Other receivables 42,573 38,476 Other current assets 5,646 7,095 Total current assets 554,848 540,516 Non-current assets Property, plant and equipment, net 426,007 438,146 Intangible assets, net 61,044 65,696 Goodwill 645,096 645,095 Operating lease right-of-use assets 24,863 26,042 Other assets 57,465 58,183 Total assets $ 1,769,323 $ 1,773,678 Liabilities and equity Liabilities Accounts payable and accrued expenses 306,626 305,308 Current installments of long-term debt 67,323 68,735 Short-term borrowings 60,350 59,720 Income taxes payable 8,012 7,728 Other taxes payable 25,195 27,482 Operating lease liabilities 5,268 5,449 Other current liabilities 29,795 29,090 Total current liabilities 502,569 503,512 Long-term debt 238,651 254,387 Deferred tax liabilities 5,748 5,632 Employee benefit liabilities 33,296 31,806 Non-current operating lease liabilities 19,996 20,843 Other liabilities 48,584 49,266 Total liabilities 848,844 865,446 Equity Preferred shares, no par value; unlimited shares authorized; none issued and outstanding at March 31, 2025 and December 31, 2024, respectively - - Common stock and additional paid in capital, no par value; unlimited shares authorized; 96,352,966 and 96,045,856 shares issued and outstanding at March 31, 2025, and December 31, 2024, respectively 896,149 894,293 Retained (deficit) 24,261 13,870 Accumulated other comprehensive income 69 69 Total equity 920,479 908,232 Total liabilities and equity $ 1,769,323 $ 1,773,678 NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS(In US$ thousands, except share data and per share amounts) For the three-month period ended Description March 31, 2025 March 31, 2024 Revenues $ 303,102 $ 296,848 Cost of services (265,647 ) (253,906 ) Gross profit 37,455 42,942 Selling, general and administrative expenses (excluding Amortization) (11,821 ) (13,691 ) Amortization (4,693 ) (4,693 ) Operating income 20,941 24,558 Interest expense, net (8,284 ) (10,604 ) Other income, net 1,059 621 Income before income tax 13,716 14,575 Income tax expense (3,325 ) (4,593 ) Net income $ 10,391 $ 9,982 Weighted average shares outstanding: Basic 96,139,181 95,064,382 Diluted 96,710,484 95,423,850 Earnings per share: Basic $ 0.11 $ 0.11 Diluted $ 0.11 $ 0.10 NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS(In US$ thousands) For the three-month period ended March 31, 2025 March 31, 2024 Cash flows from operating activities: Net income $ 10,391 $ 9,982 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 36,035 33,624 Share-based compensation expense 1,856 1,349 Loss / (Gain) on disposal of assets (363 ) 2,098 Non-cash interest (income) expense (143 ) 799 Deferred tax expense (1,239 ) (1,209 ) Allowance for (reversal of) doubtful receivables (16 ) 1,641 Charges on obsolete service inventories 920 1,061 Impairments and other charges 1,118 - Other operating activities, net 38 3 Changes in operating assets and liabilities: (Increase) decrease in accounts receivable (27,524 ) (18,226 ) (Increase) decrease in unbilled revenue (18,339 ) (10,308 ) (Increase) decrease in retention withholdings 8,834 23,072 (Increase) decrease in inventories (5,567 ) 1,833 (Increase) decrease in prepaid expenses 746 930 (Increase) decrease in other current assets (2,646 ) 1,945 Change in other long-term assets and liabilities 2,137 4,459 Increase (decrease) in accounts payable and accrued expenses 15,094 24,435 Increase (decrease) in other current liabilities (847 ) (7,868 ) Net cash provided by operating activities 20,485 69,620 Cash flows from investing activities: Capital expenditures (30,124 ) (38,408 ) IPM investments (Note 2) - Proceeds from disposal of assets 637 45 Other investing activities (2,000 ) (3,000 ) Net cash used in investing activities (31,487 ) (41,363 ) Cash flows from financing activities: Proceeds from long-term debt - - Repayments of long-term debt (17,537 ) (17,936 ) Proceeds from short-term borrowings 26,841 9,757 Repayments of short-term borrowings (26,252 ) (23,792 ) Payments on capital leases (710 ) (135 ) Payments on seller-provided financing for capital expenditures (601 ) (1,050 ) Other financing activities, net - (163 ) Net cash used in financing activities (18,259 ) (33,319 ) Effect of exchange rate changes on cash - - Net increase (decrease) in cash (29,261 ) (5,062 ) Cash and cash equivalents, beginning of period 107,956 67,821 Cash and cash equivalents, end of period $ 78,695 $ 62,759 NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIESRECONCILIATION OF NON-GAAP FINANCIAL MEASURES(Unaudited)(In US$ thousands except per share amounts) The Company uses and presents certain key non-GAAP financial measures to evaluate its business and trends, measure performance, prepare financial projections and make strategic decisions. Included in this release are discussions of earnings before interest, income tax and depreciation and amortization adjusted for certain non-recurring and non-core expenses ("Adjusted EBITDA"), net income and diluted earnings per share ("EPS") adjusted for certain non-recurring and non-core expenses ("Adjusted Net Income" and "Adjusted Diluted EPS," respectively), as well as a reconciliation of these non-GAAP measures to net income and diluted EPS, respectively, in accordance with GAAP. The Company also discusses the non-GAAP balance sheet measure of the sum of our recorded current installments of long-term debt, short-term borrowings, and long-term debt less cash and cash equivalents ("Net Debt") in this release and provides a reconciliation to the GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt to Net Debt. The Company also discusses Free Cash Flow reconciled to Operating Cash Flow. The Company believes that the presentation of Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS provides useful information to investors in assessing its financial performance and results of operations as the Company's board of directors, management and investors use Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS to compare the Company's operating performance on a consistent basis across periods by removing the effects of changes in capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization), items that do not impact the ongoing operations (transaction, integration, and startup costs) and items outside the control of its management team. Similarly, Net Debt is used by management as a liquidity measure used to illustrate the Company's debt level absent variability in cash and cash equivalents, and the Company believes that the presentation of Net Debt provides useful information to investors in assessing its financial leverage. Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS should not be considered as an alternative to operating income, net income, or diluted EPS, respectively, the most directly comparable GAAP financial measures. Net Debt also should not be considered as an alternative to GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt. Finally, Free Cash Flow is used by management as a liquidity measure to illustrate the Company's ability to produce cash that is available to be distributed in a discretionary manner, after excluding investments in capital assets. Free Cash Flow should not be considered as an alternative to Net cash provided by (used in) operations or Net cash provided by (used in) investing activities, respectively, the most directly comparable GAAP financial measures. Non-GAAP financial measures have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. You should not consider non-GAAP measures in isolation or as a substitute for an analysis of the Company's results as reported under GAAP. Table 1 - Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS Quarter ended Quarter ended Quarter ended March 31, 2025 December 31, 2024 March 31, 2024 Net Diluted Net Diluted Net Diluted Income EPS Income EPS Income EPS Net Income $ 10,391 $ 0.11 $ 26,837 $ 0.28 $ 9,982 $ 0.10 Add/(Subtract): Charges and Credits impacting Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS: Costs associated with the restatement of our 2018-2020 financial statements, including the SEC inquiry and remediation 1,488 0.02 1,480 0.02 3,370 0.04 Impairments 1,118 0.01 3,741 0.04 - - Current expected credit loss (releases) provisions (227 ) - 486 0.01 1,820 0.02 Litigation (releases) provisions (837 ) (0.01 ) 340 - - - Restructuring projects - - - - (1,126 ) (0.01 ) Other write-offs (recoveries) and provisions (release of provisions) 1,030 0.01 (958 ) (0.01 ) - - Total Charges and Credits impacting Adjusted EBITDA (1) 2,572 0.03 5,089 0.06 4,064 0.05 Add/(Subtract): Charges and Credits impacting only Adjusted Net Income and Adjusted Diluted EPS: Release of uncertain tax position - - (3,786 ) (0.04 ) - - Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS (2) 2,572 0.03 1,303 0.02 4,064 0.05 Total Adjusted Net Income and Adjusted Diluted EPS $ 12,963 $ 0.14 $ 28,140 $ 0.30 $ 14,046 $ 0.15 (1) In the quarter ended March 31, 2025, Total Charges and Credits impacting Adjusted EBITDA included $1.5 million of costs associated with the restatement of our 2018-2020 financial statements, including the SEC inquiry and remediation, $1.1 million of impairments, $(0.2) million of current expected credit loss (releases) provisions, $(0.8) million of litigation (releases) provisions, and $1.0 million of other write-offs (recoveries) and provisions (release of provisions). In the quarter ended December 31, 2024, Total Charges and Credits impacting Adjusted EBITDA included $1.5 million of costs associated with the restatement of our 2018-2020 financial statements, including the SEC inquiry and remediation, $3.7 million of impairments, $0.5 million of current expected credit loss (releases) provisions, $0.3 million of litigation (releases) provisions, and $(1.0) million of other write-offs (recoveries) and provisions (release of provisions). In the quarter ended March 31, 2024, Total Charges and Credits impacting Adjusted EBITDA included $3.4 million of costs associated with the restatement of our 2018-2020 financial statements, including the SEC inquiry and remediation, $1.8 million of current expected credit loss (releases) provisions, and $(1.1) million related to restructuring projects. (2) Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS for the quarter ended December 31, 2024, was $1.3 million inclusive of Total Charges and Credits impacting Adjusted EBITDA of $5.1 million, less $(3.8) million related to the release of an uncertain tax position. Table 2 - Reconciliation of Net Income to Adjusted EBITDA Quarter ended March 31, 2025 Quarter ended December 31, 2024 Quarter ended March 31, 2024 Net Income $ 10,391 $ 26,837 $ 9,982 Add: Income Taxes 3,325 3,316 4,593 Interest Expense, net 8,284 9,905 10,604 Depreciation and Amortization 37,891 42,072 34,973 Total Charges and Credits impacting Adjusted EBITDA (3) 2,572 5,089 4,064 Total Adjusted EBITDA $ 62,463 $ 87,219 $ 64,216 (3) Total Charges and Credits impacting Adjusted EBITDA are described in Table 1 above. Charges and Credits impacting Adjusted EBITDA exclude items related to interest, income tax and depreciation and amortization. Table 3 - Reconciliation of Net cash provided by (used in) operating activities to Free Cash Flow Three months ended March 31, 2025 Three months ended March 31, 2024 Net cash provided by operating activities $ 20,485 $ 69,620 Less: Capital expenditures (30,124 ) (38,408 ) Free cash flow $ (9,639 ) $ 31,212 Table 4 - Reconciliation to Net Debt As of March 31, 2025 As of December 31, 2024 As of March 31, 2024 Current installments of long-term debt $ 67,323 $ 68,735 $ 71,345 Short-term borrowings 60,350 59,720 34,912 Long-term debt 238,651 254,387 314,418 Less: Cash and cash equivalents (78,695 ) (107,956 ) (62,759 ) Net Debt $ 287,629 $ 274,886 $ 357,916 For inquiries regarding NESR, please contact: Stefan Angeli or Blake GendronNational Energy Services Reunited Corp.832-925-3777investors@ SOURCE: National Energy Services Reunited Corp View the original press release on ACCESS Newswire
Associated Press
6 days ago
- Business
- Associated Press
National Energy Services Reunited Corp. Reports First Quarter Financial Results
HOUSTON, TX / ACCESS Newswire / June 3, 2025 / National Energy Services Reunited Corp. ('NESR' or the 'Company') (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa ('MENA') region, today reported its financial results as of and for the three months ended March 31, 2025. The Company posted the following results for the periods presented: *The Company presents its financial results in accordance with generally accepted accounting principles in the United States of America ('GAAP'). However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see Tables 1, 2, 3, and 4 below for reconciliations of GAAP to non-GAAP financial measures. The Condensed Consolidated Balance Sheets, Condensed Consolidated Interim Statements of Operations, and Condensed Consolidated Interim Statements of Cash Flows are derived from the unaudited condensed consolidated interim financial statements present in our Period Report on Form 6-K as of and for the three months ended March 31, 2025. Stefan Angeli, Chief Financial Officer commented 'Despite seasonal slowdowns associated with the holy month of Ramadan and continued macroeconomic uncertainty, NESR delivered solid results in Q1 2025. Revenue reached $303.1 million, representing a 2.1% increase compared to Q1 2024, and as expected, declined sequentially from Q4 2024. Adjusted EBITDA for the quarter was $62.5 million, with a margin of 20.6%, while cash flow from operations totaled $20.5 million. Owing to the strength of our recent financial results, we are pleased to report that our Net Debt to Adjusted EBITDA ratio remained below 1.0, ending the quarter at 0.93 as of March 31, 2025, a significant improvement from 1.30 at March 31, 2024. Adjusted EPS for Q1 2025 was $0.14, broadly in line with $0.15 reported in Q1 2024. Return on Capital Employed (ROCE) on a trailing twelve-month basis was 11.3%. Operational execution across the region remained strong throughout the quarter, underpinned by continued improved processes, streamlined procedures, and reinforced internal controls. These enhancements have transformed our back-office operations and played a significant role in driving our performance. In spite of global economic headwinds, conditions in the MENA region remain supportive of growth, and NESR remains firmly focused on its core strategic priorities: delivering profitable revenue growth, enhancing execution efficiency, commercializing new technology, and improving debt reduction and working capital efficiency to support long-term financial performance. On behalf of management, I would like to express our sincere gratitude to our entire workforce for their outstanding efforts in delivering these results, and to our directors, shareholders, and banking partners for their continued trust and unwavering support. We believe the path forward holds significant opportunity, and we remain confident in our ability to deliver.' Sherif Foda, Chairman and Chief Executive Officer, commented, 'Firstly, I would like to express my sincere appreciation to our field teams for their unwavering commitment, exceptional service quality, and dedication to our valued customers during the quarter, especially in light of the holiday period and geopolitical headwinds in recent months. We take pride in operating within the strongest geographic region globally for upstream activity and despite recent declines in commodity prices, we remain confident in our continued growth trajectory. Much like our successful execution during the COVID-19 pandemic in 2020 and 2021, we are once again investing countercyclically, positioning ourselves for opportunities in the short, medium, and long term. With multiple recent contract awards across key countries, we anticipate solid performance in both 2025 and 2026. We are also accelerating the deployment of advanced technologies across our footprint and are especially encouraged by the momentum in our NEDA portfolio. This progress signals a major opportunity in unlocking value in the water and mineral sectors, an area we are truly excited about.' Net Income and Adjusted Net Income Results For the quarter ended March 31, 2025, the Company reported net income of $10.4 million, an increase of $0.4 million compared to the same period last year. This improvement was primarily driven by increased rig assignments in Saudi Arabia and higher contributions from the ROYA™ advanced directional drilling platform, partially offset by the seasonal slowdown in project activity during the holy month of Ramadan. Adjusted net income for the quarter ended March 31, 2025, was $13.0 million, which includes adjustments totaling $2.6 million (collectively, 'Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS'). These adjustments primarily relate to expenditures aimed at remediating the Company's material weaknesses and impairment charges, somewhat counterbalanced by releases from litigation reserves and current expected credit loss provisions. A complete list of the adjusting items and the associated reconciliation from GAAP has been provided in Table 1 below in the section entitled 'Reconciliation of Net Income and Adjusted Net Income.' The Company reported $0.11 of diluted EPS for the quarter ended March 31, 2025. Adjusted for the impact of Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS, Adjusted Diluted EPS, a non-GAAP measure described in Table 1 below, for the quarter ended March 31, 2025, was $0.14. Adjusted EBITDA Results The Company generated Adjusted EBITDA of $62.5 million for the quarter ended March 31, 2025, representing a decrease of 2.7% year-over-year. Adjusted EBITDA includes adjustments totaling $2.6 million (referred to as 'Total Charges and Credits impacting Adjusted EBITDA'), which represent components of the Total Charges and Credits impacting Adjusted Net Income and Adjusted Diluted EPS that are not related to interest, taxes, or depreciation and amortization. As referenced above, a detailed list of these adjusting items and the corresponding GAAP reconciliation is provided in Table 1. The Company reported the following financial results for the periods presented. Balance Sheet Cash and cash equivalents are $78.7 million as of March 31, 2025, compared to $108.0 million as of December 31, 2024. Free cash flow, a non-GAAP measure, was negative $9.6 million for the three months ended March 31, 2025, compared to $31.2 million for the same period in 2024. The decline was primarily driven by seasonal increases in working capital during the holy month of Ramadan, mitigated in part by lower capital expenditures year-over-year. As of March 31, 2025, total debt stood at $366.3 million, with $127.7 million classified as short-term, compared to $382.8 million and $128.5 million, respectively, as of December 31, 2024. Net Debt (a non-GAAP measure), defined as the sum of current installments of long-term debt, short-term borrowings, and long-term debt, less cash and cash equivalents, totaled $287.6 million at March 31, 2025, up from $274.9 million at year-end 2024. The increase in Net Debt was primarily due to a decrease in cash, despite long-term debt repayments made during the quarter. A reconciliation of the comparable GAAP measures to Net Debt is provided in Table 4 below, entitled 'Reconciliation to Net Debt.' About National Energy Services Reunited Corp. Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in 16 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services. Conference Call A conference call is scheduled for 8:00 AM ET on June 3, 2025, to discuss the financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0890 or the international line at 1-201-389-0918, approximately 10 minutes prior to the start of the call. A live, listen-only earnings webcast will also be broadcast simultaneously under the 'Investors' section of the Company's website at Following the end of the conference call, a replay will be available after the event under the 'Investors' section of the Company's website. Forward-Looking Statements This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this communication that are not statements of historical fact, may be deemed forward-looking statements. Terms such as 'may,' 'might,' 'would,' 'should,' 'could,' 'project,' 'estimate,' 'predict,' 'potential,' 'strategy,' 'anticipate,' 'attempt,' 'develop,' 'plan,' 'help,' 'believe,' 'continue,' 'intend,' 'expect,' 'future,' and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this communication may include, without limitation, the plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company's future financial performance, expansion plans and opportunities, completion and integration of acquisitions, and the assumptions underlying or relating to any such statement. The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over including the impact of the extent of any material weakness or significant deficiencies in our internal control over financial reporting and any action taken by the Securities and Exchange Commission (the 'SEC') including potential fines or penalties arising out of the SEC inquiry. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: catastrophic events, the level of capital spending by our customers, political, market, financial and regulatory risks, including those related to the geographic concentration of our operations and customers, our operations, including maintenance, upgrades and refurbishment of our assets, may require significant capital expenditures, which may or may not be available to us, operating hazards inherent in our industry and the ability to secure sufficient indemnities and insurance, our ability to successfully integrate acquisitions, competition, including for capital and technological advances, and other risks and uncertainties set forth in the Company's most recent Annual Report on Form 20-F filed with the SEC. You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC. The preliminary financial results for the Company as of and for the three months ended March 31, 2025, included in this press release represent the most current information available to management. The Company's actual results when disclosed in its subsequent Periodic Reports on Form 6-K may differ from these preliminary results as a result of the completion of the Company's financial statement closing procedures, final adjustments, completion of the independent registered public accounting firm's review procedures, and other developments that may arise between now and the disclosure of the final results. NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (In US$ thousands, except share data) NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (In US$ thousands, except share data and per share amounts) NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (In US$ thousands) NATIONAL ENERGY SERVICES REUNITED CORP. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Unaudited) (In US$ thousands except per share amounts) The Company uses and presents certain key non-GAAP financial measures to evaluate its business and trends, measure performance, prepare financial projections and make strategic decisions. Included in this release are discussions of earnings before interest, income tax and depreciation and amortization adjusted for certain non-recurring and non-core expenses ('Adjusted EBITDA'), net income and diluted earnings per share ('EPS') adjusted for certain non-recurring and non-core expenses ('Adjusted Net Income' and 'Adjusted Diluted EPS,' respectively), as well as a reconciliation of these non-GAAP measures to net income and diluted EPS, respectively, in accordance with GAAP. The Company also discusses the non-GAAP balance sheet measure of the sum of our recorded current installments of long-term debt, short-term borrowings, and long-term debt less cash and cash equivalents ('Net Debt') in this release and provides a reconciliation to the GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt to Net Debt. The Company also discusses Free Cash Flow reconciled to Operating Cash Flow. The Company believes that the presentation of Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS provides useful information to investors in assessing its financial performance and results of operations as the Company's board of directors, management and investors use Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS to compare the Company's operating performance on a consistent basis across periods by removing the effects of changes in capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization), items that do not impact the ongoing operations (transaction, integration, and startup costs) and items outside the control of its management team. Similarly, Net Debt is used by management as a liquidity measure used to illustrate the Company's debt level absent variability in cash and cash equivalents, and the Company believes that the presentation of Net Debt provides useful information to investors in assessing its financial leverage. Adjusted EBITDA, Adjusted Net Income, and Adjusted Diluted EPS should not be considered as an alternative to operating income, net income, or diluted EPS, respectively, the most directly comparable GAAP financial measures. Net Debt also should not be considered as an alternative to GAAP measures of cash and cash equivalents, current installments of long-term debt, short-term borrowings, and long-term debt. Finally, Free Cash Flow is used by management as a liquidity measure to illustrate the Company's ability to produce cash that is available to be distributed in a discretionary manner, after excluding investments in capital assets. Free Cash Flow should not be considered as an alternative to Net cash provided by (used in) operations or Net cash provided by (used in) investing activities, respectively, the most directly comparable GAAP financial measures. Non-GAAP financial measures have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. You should not consider non-GAAP measures in isolation or as a substitute for an analysis of the Company's results as reported under GAAP. Table 1 - Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS Table 2 - Reconciliation of Net Income to Adjusted EBITDA Table 3 - Reconciliation of Net cash provided by (used in) operating activities to Free Cash Flow Table 4 - Reconciliation to Net Debt For inquiries regarding NESR, please contact: Stefan Angeli or Blake Gendron National Energy Services Reunited Corp. 832-925-3777 [email protected] SOURCE: National Energy Services Reunited Corp press release
Yahoo
29-05-2025
- Business
- Yahoo
NESR to Release First Quarter 2025 Financial Results on June 3rd
HOUSTON, TX / / May 29, 2025 / National Energy Services Reunited Corp. ("NESR" or the "Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, today announced that it will release its financial results for the first quarter of 2025 on Tuesday, June 3, 2025. A conference call is scheduled for 8:00 AM ET on June 3, 2025, to discuss the financial results. Investors, analysts and members of the media interested in listening to the conference call are encouraged to participate by dialing in to the U.S. toll-free line at 1-877-407-0890 or the international line at 1-201-389-0918, approximately 10 minutes prior to the start of the call. A live, listen-only earnings webcast will also be broadcast simultaneously under the "Investors" section of the Company's website at Following the end of the conference call, a replay will be available after the event under the "Investors" section of the Company's website. Cautionary Statement Regarding Forward Looking Statements Statements contained in this press release that are not historical fact may be forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such forward-looking statements may relate to, among other things, the Company's expectations regarding the contemplated exchange offer and consent solicitation. Such forward-looking statements do not constitute guarantees of future performance and are subject to a variety of risks and uncertainties, including that NESR will be able to commence the contemplated exchange offer and consent solicitation. Additional factors that could cause actual results to differ materially from those projected or suggested in any forward-looking statements are contained in our filings with the SEC, including those factors discussed under the caption "Risk Factors" in such filings. You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update any forward-looking statements to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC. About NESR Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 6,000 employees, representing more than 60 nationalities in 16 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services. For inquiries regarding NESR, please contact: Blake Gendron or Stefan AngeliNational Energy Services Reunited Corp.832-925-3777investors@ SOURCE: National Energy Services Reunited Corp View the original press release on ACCESS Newswire
Yahoo
28-05-2025
- Business
- Yahoo
Discovering 3 Undiscovered Gems in the US Market
In the midst of a volatile U.S. market, where major indices like the Dow Jones and S&P 500 are experiencing slight declines ahead of significant earnings reports, investors are keenly observing economic indicators that could impact small-cap companies. Amidst this backdrop, identifying promising stocks requires a keen eye for companies with robust fundamentals and potential for growth despite broader market fluctuations. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Central Bancompany 32.38% 5.41% 6.60% ★★★★★★ Metalpha Technology Holding NA 81.88% -4.97% ★★★★★★ FineMark Holdings 122.25% 2.34% -26.34% ★★★★★★ FRMO 0.09% 44.64% 49.91% ★★★★★☆ Innovex International 1.49% 42.69% 44.34% ★★★★★☆ Gulf Island Fabrication 19.65% -2.17% 42.26% ★★★★★☆ Pure Cycle 5.11% 1.07% -4.05% ★★★★★☆ Reitar Logtech Holdings 31.39% 231.46% 41.38% ★★★★☆☆ Solesence 82.42% 23.41% -1.04% ★★★★☆☆ Qudian 6.38% -68.48% -57.47% ★★★★☆☆ Click here to see the full list of 283 stocks from our US Undiscovered Gems With Strong Fundamentals screener. Here's a peek at a few of the choices from the screener. Simply Wall St Value Rating: ★★★★★★ Overview: National Energy Services Reunited Corp. offers oilfield services across the Middle East and North Africa, with a market capitalization of approximately $561.87 million. Operations: NESR generates revenue primarily from Production Services, contributing $878.08 million, and Drilling and Evaluation Services, adding $423.63 million. National Energy Services Reunited (NESR) showcases robust growth potential, fueled by a remarkable 506.6% earnings increase over the past year, outpacing the industry average of 12.5%. The company's net debt to equity ratio stands at a satisfactory 30.4%, and its interest payments are well-covered with EBIT coverage of 3.5 times. NESR's strategic expansions into Saudi Arabia's Jafurah field and new markets like Libya promise further revenue enhancement, supported by technological innovations such as the ROYA Directional Drilling platform. Despite these strengths, geopolitical risks and market competition could pose challenges to sustained profitability and operational stability. National Energy Services Reunited's growth potential is driven by its expansion into unconventional gas projects and technological advancements. Click here to explore the full narrative on NESR's strategic initiatives and market positioning. Simply Wall St Value Rating: ★★★★★★ Overview: Northeast Bank offers a range of banking services to individual and corporate clients in Maine, with a market capitalization of $698.23 million. Operations: Northeast Bank generates revenue primarily from its banking segment, amounting to $184.34 million. Northeast Bank, with assets totaling $4.2 billion and equity of $467.5 million, offers a compelling profile in the financial landscape. Its total deposits stand at $3.3 billion against loans of $3.7 billion, supported by a net interest margin of 5.2%. The bank's allowance for bad loans is robust at 0.8% of total loans, indicating prudent risk management practices that align with its primarily low-risk funding strategy—88% sourced from customer deposits rather than external borrowing—enhancing stability and reliability in operations while trading at 30% below estimated fair value suggests potential investment attractiveness relative to peers. Northeast Bank's strong liquidity and capital reserves support strategic growth through loan activities; click here to explore the full narrative on the company's potential. Simply Wall St Value Rating: ★★★★★☆ Overview: Donnelley Financial Solutions, Inc. offers innovative software and technology-enabled financial regulatory and compliance solutions across various regions including the United States, Asia, Europe, and Canada, with a market capitalization of approximately $1.49 billion. Operations: Donnelley Financial Solutions generates revenue through four primary segments: Capital Markets - Software Solutions ($212.50 million), Investment Companies - Software Solutions ($121.50 million), Capital Markets - Compliance and Communications Management ($314.50 million), and Investment Companies - Compliance and Communications Management ($131.10 million). Donnelley Financial Solutions (DFIN) is leveraging its focus on high-margin software and compliance products to boost sales and margins, with Venue showing strong performance. The firm has reduced its debt to equity ratio from 126% to 45.1% over five years, demonstrating financial prudence. With EBIT covering interest payments by 11.7 times, DFIN's interest obligations are well managed. Despite a negative earnings growth of -9.6% last year, the company trades at nearly 10% below fair value estimates and plans a $150 million share repurchase program through December 2026, highlighting confidence in its future prospects amidst evolving regulations and market dynamics. Donnelley Financial Solutions is focusing on high-margin software and compliance products, driving growth. Click here to explore the full narrative on DFIN's strategic focus and market positioning. Unlock more gems! Our US Undiscovered Gems With Strong Fundamentals screener has unearthed 280 more companies for you to here to unveil our expertly curated list of 283 US Undiscovered Gems With Strong Fundamentals. Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:NESR NasdaqGM:NBN and NYSE:DFIN. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
