Core Laboratories, Inc. (CLB) in Ariel Small Cap Value Strategy 2024 Q3

Volatile Macro Environment Weighs on Performance

May 16, 2025

Summary

Traded lower due to volatile macro environment and softening U.S. onshore activity.
Earnings results in-line with Wall Street expectations.
Continued projection of international growth in Middle East, Asia Pacific, and West Africa.

Core Laboratories, Inc. (CLB, Financial) faced challenges in the Ariel Small Cap Value Strategy 2024 Q3, trading lower due to a volatile macro environment and softening expectations for U.S. onshore drilling and completion activity. Despite these challenges, the company’s earnings results were in-line with Wall Street expectations.

"Nonetheless, the company continues to project international growth from projects in the Middle East, Asia Pacific, and West Africa." — Ariel Small Cap Value Strategy 2024 Q3 Fund Letter

Read full letter at gurufocus Ariel Small Cap Value Strategy 2024 Q3 page.

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