Business
CORE LAB REPORTS FIRST QUARTER 2026 RESULTS
Core Laboratories Inc. (NYSE: "CLB") ("Core," "Core Lab," or the "Company") reported first quarter 2026 revenue of $121,800,000. Core's operating income was $1,900,000, with a loss per diluted share of $0.02, all in accordance with U.S. generally accepted accounting principles ("GAAP"). Operating income, ex-items, a non-GAAP financial measure, was $6,600,000, yielding operating margins of over 5% and earnings per diluted share ("EPS"), ex-items, of $0.06. A full reconciliation of non-GAAP financ
About this update from Core Laboratories Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"REVENUE OF $121.8 MILLION, DOWN 12% SEQUENTIALLY AND FLAT YEAR-OVER-YEAR","length":72,"tagName":"p"}]},{"val":[{"type":"text","content":"OPERATING INCOME OF $1.9 MILLION; EX-ITEMS, $6.6 MILLION, DOWN 58% SEQUENTIALLY AND 44% YEAR-OVER-YEAR","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP LOSS PER SHARE OF $0.02; EPS EX-ITEMS OF $0.06, DOWN 72% SEQUENTIALLY AND 58% YEAR-OVER-YEAR","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"FREE CASH FLOW OF $0.5 MILLION","length":30,"tagName":"p"}]},{"val":[{"type":"text","content":"NET DEBT INCREASED BY $3.9 MILLION; LEVERAGE RATIO AT 1.20","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"COMPANY REPURCHASED 51,781 SHARES OF COMMON STOCK, FOR $0.9 MILLION AGGREGATE PURCHASE PRICE","length":92,"tagName":"p"}]},{"val":[{"type":"text","content":"COMPANY ANNOUNCES Q2 2026 QUARTERLY DIVIDEND","length":44,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":497,"olType":false},{"type":"text","content":"HOUSTON, April 29, 2026 /PRNewswire/ -- Core Laboratories Inc. (NYSE: "CLB") ("Core," "Core Lab," or the "Company") reported first quarter 2026 revenue of $121,800,000. Core's operating income was $1,900,000, with a loss per diluted share of $0.02, all in accordance with U.S. generally accepted accounting principles ("GAAP"). Operating income, ex-items, a non-GAAP financial measure, was $6,600,000, yielding operating margins of over 5% and earnings per diluted share ("EPS"), ex-items, of $0.06. A full reconciliation of non-GAAP financial measures is included in the attached financial tables.","length":662,"tagName":"p"},{"type":"text","content":"Core's CEO, Larry Bruno, stated, "First and foremost, our thoughts remain with our employees and their families across our Middle East operations during this period of heightened geopolitical instability. As we continue to prioritize the safety of our people, the conflict has impacted client activity, project timelines, and operations across the region, factors that materially affected Core Lab's first quarter operating results. For Reservoir Description, and for the service part of Production Enhancement, operational disruptions in the Middle East were extensive, including: 1) client office ...