-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, O3+rFS1XemoR9H/ekagrpiOSi6+6LuTOaXljNJlqVLgGLyklEcInr0QgKPXGkCbp Mt5Ei8QuuppF29iWLON9GA== 0001000229-08-000015.txt : 20081002 0001000229-08-000015.hdr.sgml : 20081002 20081002090557 ACCESSION NUMBER: 0001000229-08-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080930 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20081002 DATE AS OF CHANGE: 20081002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CORE LABORATORIES N V CENTRAL INDEX KEY: 0001000229 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14273 FILM NUMBER: 081101418 BUSINESS ADDRESS: STREET 1: 1017 BZ AMSTERDAM STREET 2: HERENGRACHT 424 CITY: THE NETHERLANDS STATE: P7 BUSINESS PHONE: 3124203191 MAIL ADDRESS: STREET 1: 6316 WINDFERN CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 clb-8k_earningsupdate.htm 8-K Core Laboratories N.V. 8-K Information Release

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report and date of earliest event reported: October 2, 2008

 

 

 

CORE LABORATORIES N.V.

(Exact name of registrant as specified in its charter)

001-14273
(Commission File Number)

The Netherlands

Not Applicable

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

 

Herengracht 424

 

1017 BZ Amsterdam

 

The Netherlands

Not Applicable

(Address of principal executive offices)

(Zip Code)

 

 

Registrant's telephone number, including area code: (31-20) 420-3191

 

Check the appropriate below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

___

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   

___

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

   

___

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))

   

___

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

   

 

Item 2.02 Results of Operations and Financial Condition

On October 2, 2008, Core Laboratories N.V. issued a press release announcing that it believes its projected earnings for the third quarter and the full-year 2008 will be minimally affected by Hurricane Ike.

The full text of the press release is set forth in Exhibit 99.1 attached hereto.

The information in this Report and the exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly stated by specific reference in such filing.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

 

 

 

 

 

 

Core Laboratories N.V.

 

 

 

 

 

 

 

Dated: October 2, 2008

 

By

 

/s/ Richard L. Bergmark

 

 

 

 

 

 

Richard L. Bergmark

 

 

 

 

 

 

Chief Financial Officer

 

 

 

 

 


SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

CORE LABORATORIES N.V.
EXHIBIT INDEX TO FORM 8-K

 

 

 

 

 

 

EXHIBIT NO.

 

ITEM

 

 

 

99.1

 

Press release issued on October 2, 2008*

* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Exchange Act.

 

EX-99 2 exhibit-99_1.htm EXHIBIT 99.1 Exhibit 99.1


FOR IMMEDIATE RELEASE

For more information contact:
Richard L. Bergmark, 713-328-2101
Fax: 713-328-2151

 

CORE LAB REPORTS HURRICANE IKE TO HAVE MINIMAL EFFECT
ON Q3 AND FULL-YEAR 2008 EARNINGS

 

AMSTERDAM (2 October 2008) - Core Laboratories announced that it believes Hurricane Ike will have minimal effect on third quarter and full-year 2008 earnings per diluted share from its operations. The Company expects 2008 third quarter revenue of $202,000,000 to $204,000,000, up approximately 20% from year-ago third quarter results. Earnings per diluted share from operations are now expected to range between $1.57 and $1.63 for the quarter, an increase of 22% to 26% over year-earlier quarterly totals. This updated operational guidance reflects an increase of approximately 1%, or $0.02 per diluted share, over prior third quarter 2008 earnings guidance.

The week-long loss of power at several of the Company's laboratories in and around the Texas and Louisiana coastal areas and the disruptions of the Company's clients' operations will result in the Company's revenue being in the lower end of the previously reported range. However, higher than expected incremental profit margins should yield slightly higher operational earnings for the quarter.

This new operational guidance assumes an effective tax rate of 32.6% and excludes currency exchange losses the Company expects to realize in some of its foreign locations during the third quarter. Losses are anticipated because of the recent escalation of the value of the US Dollar during the third quarter of 2008 caused by continuing financial market disruptions. Currency exchange losses could total approximately $0.09 per diluted share in the quarter. For the full-year 2008, Core projects earnings per diluted share from operations to range between $6.07 and $6.17, up slightly from prior full-year guidance when currency exchange losses and certain non-recurring charges are excluded.

Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance. The Company has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world.

This release includes forward-looking statements regarding the future revenues, profitability, business strategies and developments of the Company made in reliance upon the safe harbor provisions of Federal securities law. The Company's outlook is subject to various important cautionary factors, including risks and uncertainties related to the oil and natural gas industry, business conditions, international markets, international political climates and other factors as more fully described in the Company's 2007 Form 10-K filed on 22 February 2008, and in other securities filings. These important factors could cause the Company's actual results to differ materially from those described in these forward-looking statements. Such statements are based on current expectations of the Company's performance and are subject to a variety of factors, some of which are not under the control of the Company. Because the information herein is based solely on data currently available, and because it is su bject to change as a result of changes in conditions over which the Company has no control or influence, such forward-looking statements should not be viewed as assurance regarding the Company's future performance. The Company undertakes no obligation to publicly update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

# # #

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-----END PRIVACY-ENHANCED MESSAGE-----