Energy Equipment and Services
Company Overview of Core Laboratories NV
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. The company’s 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. Its Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations, and production. This segment offers integrated services to evaluate the effectiveness of well completion...
Amsterdam, 1077 XX
Founded in 1936
Key Executives for Core Laboratories NV
Chairman of Supervisory Board, Chief Executive Officer and President
Total Annual Compensation: $951.0K
Chief Financial Officer, Executive Vice President and Supervisory Director
Total Annual Compensation: $508.6K
Chief Operating Officer and Senior Vice President
Total Annual Compensation: $508.6K
Compensation as of Fiscal Year 2014.
Core Laboratories NV Key Developments
Core Laboratories N.V. Announces Fourth Quarter Cash Dividend, Payable on November 24, 2015
Oct 21 15
Core Laboratories NV Board announced a quarterly cash dividend of $0.55 per share of common stock, payable in the fourth quarter of 2015. The fourth quarter cash dividend will be payable 24 November 2015 to shareholders of record on 23 October 2015, and completes a total payout of $2.20 per share of common stock resulting from the four dividends declared and paid during 2015. Dutch withholding tax will be deducted from the dividend at a rate of 15%.
Core Laboratories NV Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2015
Oct 21 15
Core Laboratories NV reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, revenue was $197.265 million against $276.135 million a year ago. Operating income was $46.818 million against $89.120 million a year ago. Income before income tax expense was $43.347 million against $86.559 million a year ago. Net income attributable to the company was $33.404 million or $0.78 per diluted share against $66.497 million or $1.50 per diluted share a year ago. Cash flows from operating activities were $43.478 million. Capital expenditures were $5.966 million. Free cash flow was $37.512 million.
For the nine months, revenue was $614.797 million against $806.600 million a year ago. Operating income was $137.428 million against $256.081 million a year ago. Income before income tax expense was $128.438 million against $248.363 million a year ago. Net income attributable to the company was $99.338 million or $2.31 per diluted share against $191.295 million or $4.27 per diluted share a year ago. Cash flows from operating activities were $169.77 million. Capital expenditures were $18.276 million. Free cash flow was $151.494 million.
Core projects fourth quarter 2015 revenue to fall sequentially approximately 9% to $180,000,000, with operating income falling to approximately $40,000,000, producing sequential quarterly decremental margins in the 50% range. Fourth quarter 2015 EPS is projected in the $0.63 to $0.67 range, with FCF once again exceeding net income for the fifth consecutive quarter.
The company expects CapEx program in 2015 to continue tracking client demand for their services and products. Consequently, the company expects full year CapEx to be approximately $25 million in 2015, so expect it to be down over 30% or about $12 million from 2014 levels. The company expects effective tax rate of 22.5%.
Core Laboratories NV Presents at BofA Merrill Lynch 2015 Global Energy Conference, Nov-11-2015 09:00 AM
Oct 20 15
Core Laboratories NV Presents at BofA Merrill Lynch 2015 Global Energy Conference, Nov-11-2015 09:00 AM. Venue: The Fontainebleau Resort, 4441 Collins Ave, Miami, Florida, United States. Speakers: David M. Demshur, Chairman of Supervisory Board, Chief Executive Officer and President.
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