Earnings Call Summary | Core Laboratories(CLB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Core Laboratories(CLB.US) Q1 2024 Earnings Conference
The following is a summary of the Core Laboratories Inc. (CLB) Q1 2024 Earnings Call Transcript:
以下是核心实验室公司（CLB）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Core Laboratories Inc. reported Q1 2024 revenue of $129.6 million, slightly up from the previous quarter's $128.2 million.
Despite a seasonal decline, the company managed a 1% increase in revenue compared to Q4 2023.
Operating income for Q1 was $14.9 million, maintaining the same operating margins of 12%.
Despite an 11% decrease in U.S. land-based activities, Core's U.S. completion diagnostic services and product sales rose sequentially.
Improvement noted in Production Enhancement revenue, operating income and operating margins, latter rising from 6% in Q4 to 8% in Q1.
Core reduced Q1 debt by $3 million post-dividend payout.
Earnings per share in Q1 remained flat at $0.19, the same as Q4 2023.
Total long-term debt at the end of Q1 was estimated at $163 million with a net debt of $148.1 million.
Free Cash Flow during Q1 was $2.5 million, primarily utilized for debt reduction.
核心实验室公司公布的2024年第一季度收入为1.296亿美元，略高于上一季度的1.282亿美元。
尽管出现季节性下降，但与2023年第四季度相比，该公司的收入增长了1％。
第一季度的营业收入为1,490万美元，保持了12％的相同营业利润率。
尽管美国陆上活动下降了11％，但Core在美国的完工诊断服务和产品销售额环比增长。
产量增强收入、营业收入和营业利润率有所改善，后者从第四季度的6％上升到第一季度的8％。
Core在分红后派息后将第一季度的债务减少了300万美元。
第一季度的每股收益持平至0.19美元，与2023年第四季度相同。
第一季度末的长期债务总额估计为1.63亿美元，净负债为1.481亿美元。
第一季度自由现金流为250万美元，主要用于债务减免。
Business Progress:
业务进展：
Despite decreasing U.S. land completion activity, Core's U.S. completion diagnostic services saw an increase, especially in the evaluation of complex completion designs.
Despite transport disruptions in the Middle East and conflicts in Ukraine-Russia, demand for rock and fluid analysis remains strong across global client base.
Core Labs plans to introduce new product and service offerings in key markets.
Their carbon capture and sequestration consortium held its second meeting, focusing on CO2 exposure's effects on rock types with future focus on upscaling lab results to reservoir level.
Core Labs extended its downhole Metal Anomaly Tool technology to implement on high chromium content casing.
Core views 2024 as a year of improved activity levels and new market penetration, with projected crude oil demand at a record high.
Revenue predictions for Q2 2024 are between $130 million and $136 million with operating income between $14.5 and $17.3 million and EPS between $0.19 and $0.23.
Company acknowledges reduced cash generation, with profitability hinging on increased activity levels. Despite issues like longer invoice collection periods and overcrowding in the completion products segment, it is optimistic about its technological capabilities and improving global landscape.
尽管美国的土地完工活动有所减少，但Core的美国完工诊断服务仍有所增加，尤其是在复杂完工设计的评估方面。
尽管中东交通中断，乌克兰-俄罗斯也发生了冲突，但全球客户群对岩石和流体分析的需求仍然强劲。
Core Labs计划在关键市场推出新的产品和服务。
他们的碳捕集与封存联盟举行了第二次会议，重点讨论二氧化碳暴露对岩石类型的影响，未来的重点是将实验室结果扩大到储层水平。
Core Labs 扩展了其井下金属异常工具技术，使其可在高铬含量的外壳上实现。
Core将2024年视为活动水平提高和新市场渗透率的一年，预计原油需求将创历史新高。
2024年第二季度的收入预测在1.3亿美元至1.36亿美元之间，营业收入在1450万美元至1730万美元之间，每股收益在0.19美元至0.23美元之间。
公司承认现金产生减少，盈利能力取决于活动水平的增加。尽管存在诸如发票收取期更长和完工产品领域人满为患等问题，但它对其技术能力和全球格局的改善持乐观态度。
More details: Core Laboratories IR
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译文内容由第三方软件翻译。