Jan 30, 2025 / 01:30PM GMT
Lawrence Bruno - Core Laboratories NV - Chairman of the Supervisory Board, President, Chief Executive Officer, Chief Operating Officer
(audio in progress) and you saw an increase of 3%. In addition, while operating income and earnings per share were down sequentially for full-year 2024, the company's operating income was up 7% and earnings per share was up 9% compared to 2023.
In Reservoir Description, revenue for the fourth quarter was down 2% compared to Q3 of 2024 but up 3% from Q4 of last year, reflecting the continued market demand for our global rock and fluid laboratory services.
This year-over-year improvement occurred despite the ongoing trade sanctions and geopolitical conflicts in Russia, Ukraine, and the Middle East that continue to negatively impact demand for laboratory services that are specifically tied to the assay of crude oil and derived products. These geopolitical factors and sanctions are still producing headwinds to both revenue growth and operating margins for Reservoir Description.
Despite these hurdles for the fourth quarter, ex-items, operating
Q4 2024 Core Laboratories Inc Earnings Call Transcript
Jan 30, 2025
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