December 29, 2014 1:23 AM ET

Energy Equipment and Services

Company Overview of Core Laboratories NV

Company Overview

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...

Strawinskylaan 913

Level 9

Tower A

Amsterdam,  1077 XX

Netherlands

Founded in 1936

5,000 Employees

Phone:

31 20 420 3191

Key Executives for Core Laboratories NV

Chairman of Supervisory Board
Age: 59
Total Annual Compensation: $910.0K
Chief Financial Officer
Age: 61
Total Annual Compensation: $486.7K
Chief Operating Officer and Senior Vice President
Age: 60
Total Annual Compensation: $486.7K
Compensation as of Fiscal Year 2013.

Core Laboratories NV Key Developments

Core Laboratories NV Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 10:55 AM

Core Laboratories NV Presents at Cowen and Company 4(th) Annual Ultimate Energy Conference, Dec-02-2014 10:55 AM. Venue: The New York Hilton Midtown, New York, New York, United States.

Core Laboratories NV Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Core Laboratories NV reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, revenue was $276.135 million against $273.163 million a year ago. Operating income was $89.120 million against $84.596 million a year ago. Income before income tax expense was $86.559 million against $82.294 million a year ago. Net income attributable to the company was $66.497 million or $1.50 per diluted share against $61.895 million or $1.35 per diluted share a year ago. Cash flows from operating activities was $66.589 million. Capital expenditures was 7.837 million. Free cash flow was $66.589. For the nine months, revenue was $806.600 million against $797.229 million a year ago. Operating income was $256.081 million against $245.502 million a year ago. Income before income tax expense was $248.363 million against $238.668 million a year ago. Net income attributable to the company was $191.295 million or $4.27 per diluted share against $178.087 million or $3.86 per diluted share a year ago. Cash flows from operating activities was $205.659 million. For the fourth quarter of 2014, the company expects revenue of $275,000,000 to $280,000,000, with EPS ranging between $1.53 and $1.56. Operating margins in the quarter are expected to be approximately 33%, 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. Free cash flow for the final quarter of 2014 is expected to range between $72,000,000 and $77,000,000.

Core Laboratories N.V. Announces Cash Dividend for the Fourth Quarter of 2014

The board of supervisory directors of Core Laboratories N.V. announced a cash dividend of $0.50 per share of common stock payable in the fourth quarter of 2014. This fourth quarter dividend means a total payout of $2.00 per share of common stock resulting from the four dividends declared and paid during the year 2014. The quarterly $0.50 per share cash dividend will be payable on November 25, 2014 to shareholders of record on October 17, 2014. Dutch withholding tax will be deducted from the dividend at a rate of 15%.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
May 16, 2014
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