Current CLB Stock Info

Slowing U.S. activity shifts focus
By Richard Rostad, analyst, Oil & Gas 360

Core Laboratories (ticker: CLB) announced first quarter earnings last week, showing net income of $40.5 million, or $0.90 per share.

Core reports revenue fell slightly year-over-year, down 0.5% to $169 million. However, the company’s ongoing corporate restructuring has yielded a significant tax benefit, which boosted results. Core continues to focus on Return On Invested Capital (ROIC), and at 20.1% it has the highest ROIC of its peer group.

Core’s Reservoir Description sector, which primarily serves international clients, saw revenue rise year-over-year. In addition to the usual seasonal slowdown in the sector, Core was impacted by the temporary Hous...

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