The Rising Influence of Rising Affluence

[DewDiligence]

CLB +3% AH on record 4Q13 results and positive 1Q14 outlook:

http://www.sec.gov/Archives/edgar/data/1000229/000100022914000012/exhibit99-1_pressreleaseq4.htm

In the fourth quarter of 2013, Core Laboratories N.V. posted the most profitable quarter in Company history. The record results were driven primarily by the introduction of new technology and related services, especially by the Company’s Production Enhancement operations. This marked the fifth consecutive quarter in which Core has posted all-time quarterly records for earnings per diluted share, net income, and revenue. The Company's fourth quarter 2013 EPS increased 22% year-over-year to $1.43, the largest percentage increase in six quarters, excluding items referenced in the non-GAAP reconciliations… Revenue for the fourth quarter of 2013 increased 9% to $276,279,000 from the fourth quarter of 2012. Year-over-year quarterly operating margins increased more than 220 basis points to a fourth quarter record 32%, while quarterly year-over-year incremental margins reached 58%, ex-items.

… Core Lab anticipates that first quarter 2014 North American activity levels will ramp up slightly from fourth quarter 2013 levels, while international activity will continue to experience moderate increases. Therefore, Core expects first quarter 2014 revenue to range between $280,000,000 and $286,000,000. Using the midpoint of revenue guidance and applying year-over-year quarterly incremental margins of 40% to 45%, first quarter 2014 EPS guidance would range from $1.43 to $1.45.

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