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Core Laboratories NV CLB

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Morningstar’s Analysis

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Core Lab Posts Slightly Disappointing Bottom-Line Results in Q2

Preston Caldwell Senior Analyst

Analyst Note

| Preston Caldwell |

Core Lab posted second-quarter revenue up 10% sequentially, slightly better than the typical oilfield-services company reporting so far, which has seen growth in the high single digits. However, adjusted operating margins were flat at about 11%, a disappointment in light of the revenue increase. We plan to incorporate the firm's financial and operating results shortly, but for the time being, our wide moat rating and fair value are unchanged.

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Company Profile

Business Description

Core Laboratories is an oil-services company that helps oil and gas companies better understand how to improve production levels and economics with core and reservoir analysis. Additionally, the company sells a number of products helping its customers to maximize production levels from their oil and gas assets. The company operates in more than 50 countries and has more than 5,000 employees.

Van Heuven Goedhartlaan 7 B
Amstelveen, NH, 1181 LE, Netherlands
T +31 204203191
Sector Energy
Industry Oil & Gas Equipment & Services
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 2,000