CLB
Core Laboratories Inc.16.08
-0.47-2.84%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
754.05MP/E (TTM)
23.65Basic EPS (TTM)
0.68Dividend Yield
0%Recent Filings
8-K
Core Lab Q3 results steady
Core Laboratories reported Q3 2025 revenue of $134.5 million, up 3.4% sequentially but flat year-over-year, with operating income of $20.9 million and GAAP EPS of $0.30. The company completed its $2.3 million acquisition of Brazil's Solintec on October 1, bolstering regional geological services and expected to boost earnings immediately. It repurchased $5 million in shares and declared a $0.01 per share dividend payable November 24. Q4 guidance projects revenue of $132-136 million amid volatile oil prices, yet long-term demand holds firm.
10-Q
Q2 FY2025 results
Core Laboratories held revenue steady at $130.2M for Q2 FY2025 ended June 30, 2025, flat y/y but up 5% q/q, with services edging up 1% q/q while product sales surged 19% q/q on international bulk shipments. Operating income dipped 4% y/y to $15.3M yet leaped 246% q/q to 12% margins, buoyed by $2.6M insurance recovery from the Aberdeen fire; diluted EPS attributable to Core Lab rose to $0.22, up from $0.19 y/y, reconciling neatly with 47.4M shares. Free cash flow for H1 FY2025 came in at $14.3M, down 15% y/y, as operating cash of $20.6M trailed last year's $22.7M, but cash swelled to $31.2M with $124.6M net debt and $108.3M revolver availability under compliant covenants. No major M&A hit the books. Tariffs and trade restrictions pose a real drag on supply costs and global demand.
8-K
Core Lab amends credit agreement
Core Laboratories Inc. entered a Ninth Amended and Restated Credit Agreement on July 22, 2025, boosting its aggregate borrowing commitment from $135 million to $150 million, including a $100 million revolving facility and a $50 million delayed draw term loan available until January 12, 2026. The maturity date extends to July 22, 2029, with potential springing maturities tied to outstanding senior notes unless liquidity thresholds are met, while preserving existing terms on collateral, pricing, covenants, and ratios. This restructuring enhances liquidity for general corporate purposes amid stable financial covenants, yet hinges on managing senior note obligations to avoid early maturities.
8-K
Shareholders approve key proposals
Core Laboratories Inc. shareholders approved all proposals at the May 21, 2025, annual meeting in Houston. They elected Martha Z. Carnes, Katherine Murray, and Rob Martinovich as Class II directors through 2028, ratified KPMG as auditors for the year ending December 31, 2025, and backed executive compensation on an advisory basis. Votes showed strong support, with over 90% in favor for directors and auditors, yet 6% opposed pay packages. Governance stays steady.
10-Q
Q1 FY2025 results
Core Laboratories posted Q1 FY2025 revenue of $123.6M, down 5% y/y from $129.6M but stable q/q, with services off 1% y/y amid sanctions-hit international assays yet buoyed by U.S. well diagnostics, while product sales dropped 14% y/y on suspended bulk orders and softer U.S. rig counts. Operating income fell 48% y/y to $4.4M from $8.6M, pressured by $2.3M in severance and exit costs, but gross margins held at 20% as costs aligned with volumes. EPS swung to breakeven from $0.07 y/y, with anti-dilution excluding 807K shares; net loss trailed operating income due to $1.7M taxes and $2.3M other expenses like facility exits. Cash climbed to $22.1M on $6.7M operating inflows, yielding $3.9M FCF after $2.8M capex, while net debt eased to $104.3M with $108M revolver availability and covenant headroom (leverage 1.31x). No M&A closed. Tariffs threaten input costs and global demand.
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