Core Labs Q2 revenue $127.9M (+6% YoY); adj EPS $0.21 (+80% YoY); declares $0.01 dividend

Core Laboratories Inc. /DE/

2023-Q2 EPS reported $0.53 revenue$256,237,000

Revenue $127.9M, flat QoQ, up 6% YoY; GAAP EPS $0.48 (incl. $11.6M tax benefit and $2.9M gains).
Ex-items op income $15.6M (>12% margin), up 8% QoQ; ex-items EPS $0.21, up 80% YoY.
Free cash flow $6.6M; ATM equity program terminated.
Quarterly dividend $0.01/share, payable Aug 28 to holders of record Aug 7.
Reservoir Description incremental margins ex-items >100% QoQ and >80% YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Core Laboratories Inc. /DE/ reported second quarter of 2023 results: revenue $127,900,000, EPS $0.48.

Period: second quarter of 2023
Revenue: $127,900,000
EPS: $0.48
Result: reported results

Exact text from the filing

results for the second quarter of 2023. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 FOR IMMEDIATE RELEASE CORE LAB REPORTS SECOND QUARTER 2023 RESULTS: • REVENUE OF $127.9 MILLION; FLAT SEQUENTIALLY; UP 6% YEAR-OVER-YEAR • OPERATING INCOME OF $18.9 MILLION; EX-ITEMS, $15.6 MILLION, UP 8% SEQUENTIALLY; UP OVER 60% YEAR-OVER-YEAR • OPERATING MARGINS OF 15%;

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Source: SEC EDGAR

accession 0000950170-23-034753

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