Core Laboratories Inc

CLB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$44.00	Stq	Dtxqstmpd

Solid Fourth Quarter for Core Laboratories Driven by Steadily Climbing Production Activity Worldwide

Katherine Olexa

Feb 2, 2023

Wide-moat Core Laboratories concluded the year on sound footing. Results for fiscal 2022 fell in line with our expectations, with total revenue increasing 4% year over year and operating margins slightly contracting to 8% from 10% in 2021. We’ll incorporate the firm’s full financial and operating results shortly, but based on our initial review, our $29 per share fair value estimate is unchanged.

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