Reports Q1 revenue $128M, consensus $125.92M. Core’s CEO, Larry Bruno stated, "Built upon a foundation of an improving international market for Reservoir Description, Core’s first quarter 2023 results overcame typical seasonal decline in client activity, as well as somewhat lower-than-expected completion activity in the U.S. land market. Despite these headwinds, the Company’s revenue, operating income and operating margins were comparable to last quarter. Year-over-year, the first quarter of 2023 achieved 11% growth in revenue and, ex-items, 100% growth in operating income with 56% incremental margins. First quarter 2023 operating margins, as well as year-over-year incremental margins, were strong in both Reservoir Description and Production Enhancement."
Published first on TheFly
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