The Rising Influence of Rising Affluence

[DewDiligence]

CLB 4Q18 results/1Q19 guidance:

https://www.sec.gov/Archives/edgar/data/1000229/000100022919000018/exhibit99-1_pressreleaseq4.htm

Core Lab anticipates a slowing in further project announcements until confidence in the balance of global crude-oil markets is restored. Core believes there will be a positive correction to the temporary oversupply of crude oil by the end of the first quarter 2019, which should encourage additional FID approvals for projects announced in 2018.

…Therefore, Core expects consolidated first quarter 2019 revenue of approximately $164,000,000 to $168,000,000 and operating income of approximately $26,000,000 to $27,000,000, yielding operating margins of 16%. EPS for the first quarter of 2019 is expected to be approximately $0.42 to $0.45.

4Q18 revenue was $173.2M (+2% YoY, -5% QoQ). 4Q18 non-GAAP EPS was $0.48. The first calendar quarter is seasonally slower than the fourth quarter, so the above 1Q19 guidance is broadly consistent with the 4Q18 results.

CC tomorrow at 8:30am ET.