Welcome to our dedicated page for Core Laboratories news (Ticker: CLB), a resource for investors and traders seeking the latest updates and insights on Core Laboratories stock.
Core Laboratories Inc. (NYSE: CLB) delivers specialized reservoir optimization and production enhancement solutions for the global energy sector. This page aggregates official announcements, financial disclosures, and strategic developments from one of the oilfield services industry's most innovative technology providers.
Investors and industry professionals will find timely updates on CLB's proprietary technologies like RAPID™ data systems and STIMGUN™ well productivity solutions. The repository includes earnings reports, partnership announcements, and operational updates from CLB's 70+ global locations.
Key content categories cover reservoir analytics advancements, international project milestones, and sustainability initiatives including carbon capture applications. All materials are sourced directly from company communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CLB's latest developments in hydrocarbon recovery optimization and energy efficiency technologies. Check regularly for updates impacting international oilfield services markets and enhanced oil recovery strategies.
Core Laboratories (NYSE: CLB) reported Q1 2023 revenue of $128.4 million, reflecting an 11% year-over-year increase. Operating income reached $6.5 million, while adjusted operating income was $14.5 million, maintaining operating margins of 11%. The company's diluted EPS was $0.05, up over 130% year-over-year, with adjusted EPS at $0.19.
Core's operations in Reservoir Description generated $80.2 million in revenue, while Production Enhancement brought in $48.2 million. The company approved a redomestication to the U.S. with a 99.3% shareholder vote. Core anticipates a low-single-digit revenue growth for Q2 2023, projecting revenues between $130 million and $135 million.
Core Laboratories (NYSE: CLB) will host its first quarter 2023 conference call on April 27, 2023, at 7:30 a.m. CDT. Key executives, including Chairman and CEO Larry Bruno and CFO Chris Hill, will discuss financial and operational results following the earnings release on April 26, 2023. Participants can access the live call via the company's website and a podcast will be available post-call. Core Laboratories, a leader in reservoir description and production enhancement services, operates over 70 offices across more than 50 countries, providing essential services to optimize petroleum reservoir performance.
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