Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services to the oil and gas industry in the Netherlands and internationally. The company operates in three segments: Reservoir Description, Production Enhancement, and Reservoir Management. The Reservoir Description segment comprises the characterization of petroleum reservoir rock, fluid, and gas samples. It offers analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. The Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations, and production. It off...
Amsterdam, 1077 XX
Founded in 1936
Core Laboratories NV Announces Management Changes Effective April 30, 2015
Sep 16 14
Mr. C. Brig Miller has notified the Core Laboratories NV of his plan to retire, effective April 30, 2015 at age 63, from his position as Vice President, Finance and Chief Accounting Officer & Treasurer of Core Laboratories N.V. Mr. Miller has been with the Company since 1998. There are no disagreements between the Company and Mr. Miller that caused or contributed to his retirement. Mr. Chris Hill, effective April 30, 2015 at age 45, will become the Company's Vice President and Chief Accounting Officer. Mr. Hill has been with the Company since 2006 and has served as Corporate Controller for Financial Reporting and Corporate Global Controller and now serves as Investor Relations Analyst.
Core Laboratories NV Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 01:05 PM
Aug 30 14
Core Laboratories NV Presents at Barclays CEO Energy-Power Conference, Sep-03-2014 01:05 PM. Venue: The Sheraton NY Hotel & Towers, 811 Seventh Ave, New York City, NY 10019, United States.
Core Laboratories NV Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Fourth Quarter of 2014
Jul 23 14
Core Laboratories NV reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to company of $63,734,000 or $1.42 per diluted share on revenue of $267,562,000 compared to net income attributable to company of $59,676,000 or $1.29 per diluted share on revenue of $263,139,000 reported a year ago. Operating income was $84,134,000 compared to $81,869,000 reported a year ago. Income before income tax expense was $81,340,000 compared to $79,606,000 reported a year ago. Net cash provided by operating activities was $65,609,000. Capital expenditures were $12,119,000. Free cash flow was $53,490,000. The lower year-over-year FCF reflects a heavily weighted capital expenditure program for the first half 2014, as necessitated by the increased activities of Core's clients.
For the six months, the company reported net income attributable to company of $124,798,000 or $2.77 per diluted share on revenue of $530,465,000 compared to net income attributable to company of $116,192,000 or $2.51 per diluted share on revenue of $524,066,000 reported a year ago. Operating income was $166,961,000 compared to $160,906,000 reported a year ago. Income before income tax expense was $161,804,000 compared to $156,374,000 reported a year ago. Net cash provided by operating activities was $131,233,000. Capital expenditures were $19,787,000 a year ago. Free cash flow was $111,446,000.
For the third quarter of 2014, the company expects revenue of approximately $280,000,000 to $290,000,000 and EPS to range between $1.49 and $1.52, up sequentially by approximately 11%. Within those ranges, operating margins are expected to be approximately 32%, with year-over-year incremental margins as high as 60%. A 23% effective tax rate is assumed for the third quarter of 2014. FCF is expected to be between $77,000,000 and $81,000,000.
For the fourth quarter of 2014, the company expects revenue of $285,000,000 to $295,000,000, with EPS ranging between $1.56 and $1.61. Within those ranges, operating margins in the quarter are expected to be approximately 33% while exiting the year at 34% with year-over-year incremental margins as high as 60%. A 24% effective tax rate is assumed for the fourth quarter of 2014 as a result of operational activity expected in higher tax rate jurisdictions. FCF for the final quarter of 2014 is expected to range between $81,000,000 and $85,000,000.