National Energy Services Reunited (NESR) has released an update.
National Energy Services Reunited Corp. (NESR) reported robust financial results for the third quarter of 2024, with revenue rising to $336.2 million, marking a 12% year-over-year increase. The company also achieved a 40% year-over-year growth in net income, amounting to $20.6 million, and demonstrated strong cash flow improvements, emphasizing its focus on debt reduction and financial efficiency. With a strategic focus on profitable growth and technological innovation, NESR maintains a positive outlook despite regional economic challenges.
For further insights into NESR stock, check out TipRanks’ Stock Analysis page.