Earnings report 📈 Stocks 🌍 United States ISIN NL0000336303

Core Laboratories Q3 Revenue Slips 2% YoY to $132.1 Million

Core Laboratories reports mixed Q3 2026 results with a 2% year-over-year revenue decline and a 27% drop in adjusted EPS, despite sequential improvements in operating income.

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Core Laboratories experienced a contraction in year-over-year performance, with revenue declining 2% and EPS falling 27% to $0.16 on an ex-items basis. Despite these annual declines, the company demonstrated sequential improvement, with revenue rising 6% and ex-items EPS increasing 46% compared to the previous quarter, suggesting a potential stabilization in operational efficiency.

Catalysts
  • ▼ 6% sequential revenue growth
  • ▼ 46% sequential increase in ex-items EPS
Risk Factors
  • ▲ 2% year-over-year revenue decline
  • ▲ 24% year-over-year decrease in ex-items operating income
▼ Show FAQ (2) ▲ Hide FAQ
What was the GAAP EPS for Q3 2026?

The GAAP earnings per share was $0.12.

How did the ex-items operating income compare to the previous quarter?

Ex-items operating income was $12.6 million, representing a 35% increase sequentially.

🎯 Key Takeaways

  • Q3 revenue reached $132.1 million, reflecting a 2% year-over-year contraction.
  • Adjusted EPS fell 27% year-over-year to $0.16, despite a 46% sequential gain.
  • Operating income excluding items rose 35% sequentially but remains down 24% from the prior year.

📝 Executive Summary

Core Laboratories reported Q3 2026 revenue of $132.1 million, marking a 2% decline compared to the previous year. While the company achieved a 35% sequential increase in adjusted operating income, earnings per share fell 27% year-over-year to $0.16 excluding items.

❓ FAQ

How did Core Laboratories perform in Q3 2026 compared to the previous year?

Core Laboratories saw a 2% decline in revenue and a 27% decrease in adjusted earnings per share compared to the same period last year.