0001000229-17-000083.txt : 20170906 0001000229-17-000083.hdr.sgml : 20170906 20170905173334 ACCESSION NUMBER: 0001000229-17-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20170905 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20170906 DATE AS OF CHANGE: 20170905 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: 171069695 BUSINESS ADDRESS: STREET 1: STRAWINSKYLAAN 913 STREET 2: TOWER A, LEVEL 9 CITY: 1077 XX AMSTERDAM STATE: P7 ZIP: 1077 XX BUSINESS PHONE: 3124203191 MAIL ADDRESS: STREET 1: 6316 WINDFERN CITY: HOUSTON STATE: TX ZIP: 77040 8-K 1 a2017-09x05xform8xk.htm 8-K Document



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 (date of earliest event reported): September 5, 2017
 
  
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.)
Strawinskylaan 913
 
Tower A, Level 9
 
1077 XX 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 7.01 Regulation FD Disclosure
On September 5, 2017, Core Laboratories N.V. issued a press release announcing revisions to previously issued earnings guidance for its quarter ending September 30, 2017, as a result of the impact of Hurricane Harvey to our operations. 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.

Item 9.01 Financial Statements and Exhibits
(d)
Exhibits
99.1         Press release issued on September 5, 2017*
* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Exchange Act.


















































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: September 5, 2017
 
By
 
/s/ Richard L. Bergmark
 
 
 
 
 
 
Richard L. Bergmark
 
 
 
 
 
 
Chief Financial Officer
 
 
















































CORE LABORATORIES N.V.
EXHIBIT INDEX TO FORM 8-K
 
 
 
 
 
 
 
 
 
EXHIBIT NO.
 
ITEM
 
 
 
 
Press release issued on September 5, 2017 *
* This exhibit is intended to be furnished and shall not be deemed "filed" for purposes of the Exchange Act.



EX-99.1 2 a2017-09x05xform8xkxexhibi.htm EXHIBIT 99.1 Exhibit


corelablogo001a13.jpg



FOR IMMEDIATE RELEASE

CORE LAB REPORTS ON IMPACT OF HURRICANE HARVEY, UPDATES THIRD QUARTER 2017 GUIDANCE

AMSTERDAM (5 September 2017) - Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported on the impact to Core Lab of Hurricane Harvey which caused significant damage to parts of the U.S. Gulf Coast as a result of its high winds and unprecedented flooding.  The impact consists of two components. First, Core Lab was affected by closures of its primary locations along the U.S. Gulf Coast due to flooding in the area, though its U.S. Gulf Coast locations were not materially damaged and have now reopened and are beginning to conduct business again. The second component is the impact on Core Lab’s clients which operate in the U.S. Gulf Coast and Gulf of Mexico regions. Those clients experienced similar flooding and business disruption issues which have curtailed their ability to submit work to Core Lab. Their ability to recover and resume normal operations will vary on an individual basis.

The Company’s impacted locations, which represent approximately 10% to 12% of the Company’s total revenues, were closed and operations were halted as a result of Hurricane Harvey. During that time, the Company’s revenue from those affected locations was adversely affected; however, since it was not possible to change the Company’s cost structure during the Hurricane, significant decremental margins were incurred.

Based on an early assessment of the financial impact of Hurricane Harvey on Core Lab, the Company now projects third quarter 2017 revenue of approximately $161,000,000 and EPS of $0.44. These estimates are subject to change as more information becomes available. Core will provide an update on its third quarter 2017 earnings conference call to be held on 24 October 2017.

Core Laboratories N.V. (www.corelab.com) is a leading provider of proprietary and patented reservoir description and production enhancement 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 revenue, 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 2016 Form 10-K filed on 10 February 2017 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 subject 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, except as required by law.











Visit the Company's website at www.corelab.com. Connect with Core Lab on Facebook, LinkedIn and YouTube.

For more information, contact:
Richard L. Bergmark - CFO, + 1 713 328 2101
Gwen Schreffler - VP Corporate Development and Investor Relations, +1 713 328 6210
investor.relations@corelab.com

# # # #



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