Core Laboratories N.V. (CLB) is a global provider to the oil and gas sector, delivering specialized services and products for characterizing subterranean ...
Core Laboratories N.V. (CLB) is a leading provider of specialized services and products to the oil and gas sector, focusing on characterizing subterranean reservoirs and optimizing hydrocarbon extraction. The company operates in two segments: Reservoir Description and Production Enhancement. The Reservoir Description segment analyzes petroleum reservoir rock, fluid, and gas ...Core Laboratories N.V. (CLB) is a leading provider of specialized services and products to the oil and gas sector, focusing on characterizing subterranean reservoirs and optimizing hydrocarbon extraction. The company operates in two segments: Reservoir Description and Production Enhancement. The Reservoir Description segment analyzes petroleum reservoir rock, fluid, and gas samples to boost yield and enhance recovery of oil and gas, offering laboratory analysis and on-site field evaluations. The Production Enhancement segment provides services and products for well completions, perforations, stimulation, and production, including diagnostic tools for assessing completion efficacy. Core Lab markets through direct sales, seminars, trade shows, print advertising, and distributors. Established in 1936, the company operates in approximately 50 countries, with headquarters in Amstelveen, Netherlands. Financially, CLB has a market cap of about $523 million, with an enterprise value of $665 million. It has a gross profit margin of 18.1%, EBIT margin of 9.2%, and net profit margin of 4.7%. The company has a dividend yield of 0.4% and pays a dividend of $0.04 per share. Key people include CEO Lawrence V. Bruno, who also serves as Chairman. The company focuses on innovation and has introduced technologies like HERO®PerFRAC. With a workforce of over 3,200 employees, Core Lab emphasizes employee dedication and has a return on invested capital of 10.3% as of 2024. The company aims to continue navigating challenges and positioning for the next phase of the energy cycle.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$526.5M
+0.5%
+2.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$29.7M
-5.5%
+854.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+17.9%
+6.1%
+15.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+9.6%
-14.2%
+374.0%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+5.6%
-6.0%
+837.8%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$22.3M
-48.6%
+320.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.2%
-48.8%
+315.4%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
61.7%
-13.7%
-3.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.02x
-12.8%
+3.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Core Labs Second Quarter 2026 Earnings Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Mr. Larry Bruno, Chairman and CEO of Core Labs. Please go ahead.
Lawrence Bruno: Thanks, Alan. Good morning in the Americas. Good afternoon in Europe, Africa, and the Middle East, and good evening in Asia Pacific. We'd like to welcome all of our shareholders, analysts, and most importantly, our employees to Core Laboratories second quarter 2026 earnings call. This morning, I'm joined by Chris Hill, Core's Chief Financial Officer, and Gwen Gresham, Core's Senior Vice President and Head of Investor Relations. The call will be divided into 6 segments. Gwen will start by making remarks regarding forward-looking statements. We'll then have some opening comments, including a high-level review of important factors in Core's second quarter performance. In addition, we'll review Core strategies and the 3 financial tenets that Core employs to build long-term shareholder value. Chris will then give a detailed financial overview and have additional comments regarding shareholder value. Following Chris, Gwen will provide some comments on the company's outlook and guidance. I'll then review Core's 2 operating segments, detailing our progress and discussing the continued successful introduction and deployment of Core Laboratories technologies, as well as highlighting some of Core's operations, recent client interactions, and major projects worldwide. Then we'll open the phones for a Q&A session. I'll now turn the call over to Gwen for remarks on forward-looking statements.
Gwendolyn Schreffler: Before we start the conference this morning, I'll mention that some of the statements we make during this call may include projections, estimates, and other forward-looking information. This would include any discussion of the company's business outlook. These types of forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from our forward-looking statements. These risks and uncertainties are discussed in our most recent annual report on Form 10-K, as well as other reports and registration statements filed by us with the SEC. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Our comments also include non-GAAP financial measures. Reconciliation to the most directly comparable GAAP financial measures is included in the press release announcing our second quarter results. Those non-GAAP measures can also be found on our website. With that said, I'll pass the discussion back to Larry.
Lawrence Bruno: Thanks, Gwen. Moving now to some high-level comments about our second quarter 2026 results. Core continued to execute its strategic plan of technology investments targeted to both solve client …