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Core Laboratories N.V. (CLB)
NYSE:CLB
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.19Last Year’s EPS
0.22Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -9.04%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call discussed both positive steps towards operational improvements and strategic focuses that are expected to improve future performance, alongside significant challenges posed by geopolitical conflicts and sanctions impacting revenue and margins. The company's efforts in cost reduction and market expansion were highlighted, but the immediate financial results were negatively impacted by external factors.Company Guidance
During the Core Laboratories N.V. first quarter 2025 earnings call, the company provided detailed guidance and financial metrics. Revenue for the first quarter was $123.6 million, down 4% sequentially and 5% year over year, impacted by geopolitical conflicts and expanded sanctions. Operating income was $11.8 million, with operating margins of approximately 10%, and a net loss of $200,000 on a GAAP basis. Service revenue was $95.1 million, while product sales were $28.5 million. The company projected second-quarter 2025 revenue to range from $128 million to $134 million, with operating income of $13.1 million to $15.7 million, yielding operating margins of approximately 11%. Earnings per share for the second quarter are expected to range from $0.17 to $0.21. Core Labs aims to maintain a focus on reducing debt, with net debt reduced by approximately $5 million in the first quarter, and strengthening its balance sheet while continuing to return excess free cash to shareholders.Operational Improvements and Strategic Focus
Core Labs continued to strengthen its balance sheet by reducing net debt by approximately $5 million and maintaining the lowest leverage ratio in eight years. The company also repurchased nearly 132,000 shares of company stock at a value of $2 million, focusing on deleveraging and returning excess free cash to shareholders.
Production Enhancement Margin Growth
Operating margins in production enhancement expanded by 450 basis points to 8% due to increased demand for high-margin diagnostic services in the U.S., especially in complex well completions and catch-up work in the Gulf of Mexico.
Cost Reduction Initiatives
Core Labs has implemented cost reduction plans to mitigate revenue loss, which includes employee severance and exiting certain facilities, expecting these cost efficiencies to improve margins in future quarters.
New Client Engagements and Market Opportunities
Core Labs is expanding its presence in Africa and Libya, collaborating with local entities and leveraging its knowledge of the region's sedimentary basins, which is expected to drive long-term growth.
CLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $12.06 | $11.60 | -3.81% |
Jan 29, 2025 | $18.51 | $17.72 | -4.27% |
Oct 23, 2024 | $17.05 | $18.90 | +10.85% |
Jul 24, 2024 | $21.97 | $24.29 | +10.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Core Laboratories N.V. (CLB) report earnings?
Core Laboratories N.V. (CLB) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Core Laboratories N.V. (CLB) earnings time?
Core Laboratories N.V. (CLB) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLB EPS forecast?
CLB EPS forecast for the fiscal quarter 2025 (Q2) is 0.19.