September 21, 2017 11:24 AM ET

Energy Equipment and Services

Company Overview of Core Laboratories N.V.

Company Overview

Core Laboratories N.V. provides reservoir description, production enhancement, and reservoir management services to the oil and gas industry in the United States, Canada, and internationally. It operates through three segments: Reservoir Description, Production Enhancement, and Reservoir Management. The Reservoir Description segment comprises the characterization of petroleum reservoir rock, fluid, and gas samples. This segment 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 services and products relating to reservoir well completions, perforations, stimulations, and p...

Strawinskylaan 913

Tower A

Level 9

Amsterdam,  1077 XX

Netherlands

Founded in 1936

4,400 Employees

Phone:

31 20 420 3191

Key Executives for Core Laboratories N.V.

Chairman of Supervisory Board, Chief Executive Officer and President
Age: 62
Total Annual Compensation: $951.0K
Chief Financial Officer, Executive Vice President and Supervisory Director
Age: 64
Total Annual Compensation: $508.6K
Chief Operating Officer and Senior Vice President
Age: 63
Total Annual Compensation: $508.6K
Compensation as of Fiscal Year 2016.

Core Laboratories N.V. Key Developments

Core Laboratories N.V. Presents at KDR 2017, Sep-21-2017

Core Laboratories N.V. Presents at KDR 2017, Sep-21-2017 . Venue: Palace of Independence, Astana, Kazakhstan.

Core Laboratories N.V. Presents at EnerCom Oilfield Tech and Innovation Day, Aug-17-2017 09:30 AM

Core Laboratories N.V. Presents at EnerCom Oilfield Tech and Innovation Day, Aug-17-2017 09:30 AM. Venue: Denver, Colorado, United States.

Core Laboratories NV Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Third Quarter of 2017

Core Laboratories NV reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2017. For the quarter, revenue was $163,903,000 against $148,069,000 for the same period of last year. Operating income was $29,407,000 against $20,227,000 for the same period of last year. Income before income tax expense was $26,175,000 against $17,206,000 for the same period of last year. Net income attributable to the company was $22,690,000 against $16,624,000 for the same period of last year. Diluted earnings per share were $0.51 against $0.38 for the same period of last year. Net cash provided by operating activities was $18,715,000 against $27,716,000 a year ago. Capital expenditures were $2,913,000 compared to $2,444,000 a year ago. For the six months, revenue was $321,710,000 against $301,716,000 for the same period of last year. Operating income was $52,586,000 against $43,167,000 for the same period of last year. Income before income tax expense was $47,276,000 against $36,712,000 for the same period of last year. Net income attributable to the company was $40,348,000 against $31,706,000 for the same period of last year. Diluted earnings per share were $0.91 against $0.74 for the same period of last year. Cash flows from operating activities were $48,476,000 compared to $73,184,000 a year ago. Capital expenditures were $9,362,000 compared to $5,302,000 a year ago. The company provided earnings guidance for the third quarter of 2017. The company projects that its operating income in the third quarter is expected to range between $30,900,000 and $33,500,000 yielding operating margins of approximately 19%.  EPS for the third quarter is expected to range between $0.54 and $0.56. Core expects to generate incremental operating income margins of up to approximately 60% early in the activity recovery phase, followed by historical incremental operating income margins of approximately 35% to 45% well into the recovery phase. Core projects third quarter 2017 revenue of approximately $165,500,000 to $170,000,000. Third quarter 2017 FCF is expected to exceed net income. The company is assuming a 15% effective tax rate.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
May 22, 2017
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Buyback
October 19, 2016
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