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Core Laboratories N.V. (CLB)
NYSE:CLB
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.19Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -12.90%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance with notable achievements in debt reduction and international sales growth, but also significant challenges in revenue decline and geopolitical disruptions. The company is optimistic about international growth despite these headwinds.Company Guidance
During the Core Laboratories' Fourth Quarter 2024 Earnings Call, the company provided guidance for the upcoming fiscal year. Core projected a revenue range of $121 million to $127 million and operating income between $10.2 million and $12.8 million for the first quarter of 2025, with operating margins expected to be around 9%. The company anticipates an effective tax rate of approximately 25% for 2025, impacting the first quarter's income tax expense by about $500,000. Consequently, earnings per share (EPS) for the first quarter are forecasted to be between $0.12 and $0.16. Despite seasonal industry patterns and geopolitical risks affecting some regions, Core expects mid-single-digit growth year-over-year in international upstream projects.Full Year Revenue Growth
Full year 2024 revenue saw an increase of 3% compared to 2023.
Operating Income and EPS Growth
Operating income for full year 2024 was up 7% and earnings per share was up 9% compared to 2023.
Debt Reduction
Core's net debt was reduced by nearly $12 million in Q4, lowering the leverage ratio to 1.31, the lowest in eight years.
Share Repurchase
Core Lab repurchased nearly 265,000 shares of company stock during the fourth quarter.
Increase in International Product Sales
International product sales increased by 8% year-over-year.
Completion Diagnostic Services Demand Increase
Demand for completion diagnostics increased, with growth in the Gulf of Mexico and international markets.
Free Cash Flow Improvement
Free cash flow for full year 2024 was $43.4 million, a significant improvement from $14.2 million in 2023.
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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
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CLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $18.53 | $17.74 | -4.26% |
| Oct 23, 2024 | $17.06 | $18.92 | +10.90% |
| Jul 24, 2024 | $21.98 | $24.31 | +10.60% |
| Apr 24, 2024 | $16.49 | $17.03 | +3.27% |
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.
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FAQ
When does Core Laboratories N.V. (CLB) report earnings?
Core Laboratories N.V. (CLB) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Core Laboratories N.V. (CLB) earnings time?
Core Laboratories N.V. (CLB) earnings time is at Apr 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 (Q1) is 0.16.
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