Core Laboratories N.V.
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Publicatie datum
23 apr 2014 - 22:35
Statutaire naam
Core Laboratories N.V.
Titel
CORE REPORTS MOST PROFITABLE Q1 EVER; COMPANY POSTS WEATHER-ADJUSTED PRO-FORMA EPS OF $1.45; ALL-TIME Q1 HIGHS FOR EPS, NET INCOME, AND REVENUE; COMPANY RAISES QUARTERLY 2014 EPS GUIDANCE
Bericht
AMSTERDAM (23 April 2014) - Core Laboratories N.V. (NYSE: "CLB US" and NYSE Euronext: "CLB NA") posted its most profitable first quarter in Company history. The record first quarter levels of earnings per diluted share (“EPS”), net income, and revenue were driven by year-over-year improvements for all three of the Company’s operating segments. Reservoir Description and Production Enhancement operations reported record first quarter revenue, operating income, and operating margins, while Reservoir Management operations posted its most profitable quarter in Company history. As was the case for all other oilfield service companies with operations in Northern America and Europe, these results were weakened by severe weather-related disruptions. Specifically, Core believes first quarter 2014 EPS was reduced approximately 5%, or $0.07 per diluted share, because of transitory weather disruptions, slower than expected international activities, and delays of certain deepwater development projects.
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