Core Laboratories NV (CLB) Quote - XNYS | Morningstar

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Core Lab Reports Solid Revenue Rebound in Q4, Although COVID-Related Disruptions Weigh on Profits

Equity Analyst Preston Caldwell

Preston Caldwell Equity Analyst

Analyst Note

| Preston Caldwell | Jan 29, 2021

Core Laboratories reported fourth-quarter revenue up 8% sequentially, mainly due to improved U.S. shale activity. Adjusted operating income only improved to $13 million from $12.3 million in the prior quarter (implying 9% incrementals), which management attributed to various operational delays caused by COVID-19. Our fair value estimate and wide moat rating are unchanged following the results.

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Company Profile

Business Description

Core Laboratories is an oil-services company that helps oil and gas companies better understand how to improve production levels and economics with core and reservoir analysis. Additionally, the company sells a number of products helping its customers to maximize production levels from their oil and gas assets. The company operates in more than 50 countries and has more than 5,000 employees.

Contact

Van Heuven Goedhartlaan 7 B
Amstelveen, NH, 1181 LE, Netherlands

T +31 204203191

investor.relations@corelab.com

www.corelab.com

Sector Energy

Industry Oil & Gas Equipment & Services

Most Recent Earnings Dec 31, 2020

Fiscal Year End Dec 31, 2021

Stock Type —

Employees 3,700

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