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Core Laboratories' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: CLB

Core Laboratories NV (CLB)

Q2 2012 Results Earnings Call

July 19, 2012 8:30 AM ET

Executives

David Demshur – Chairman, President and CEO

Dick Bergmark – Executive Vice President and CFO

Monty Davis – Chief Operating Officer

Analysts

James West – Barclays

Jim Crandell – Dahl Rose

Kurt Hallead – RBC Capital

Rob MacKenzie – FB

John Daniel – Simmons

Blake Hutchison – Howard Weil

Stephen Gengaro – Sterne, Agee

John Lawrence – Tudor, Pickering

Presentation

Operator

Good morning. My name is Kimberly, and I will be your conference operator today. At this time, I would like to welcome everyone to the Core Lab Q2 2012 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. (Operator Instructions)

I would now like to turn the call over to Mr. David Demshur. Please go ahead, sir.

David Demshur

Thanks, Kimberly. I’d like to say good morning to everybody in North America, good afternoon in Europe and good evening to all of the listeners in Asia-Pacific. We’d like to welcome all of our shareholders, analysts, and most importantly, our employees to Core Laboratories’ second quarter 2012 earnings conference call.

This morning I’m joined by Dick Bergmark, Core’s Executive Vice President and CFO. And also again this morning we are joined by Core’s COO, Monty Davis, who’ll present the detailed operational review.

The call will be divided into five segments. Dick will start by making remarks regarding forward-looking statements. Then we’ll come back and give a brief investor update and highlight the three financial tenets by which Core’s executive management executes the company’s growth strategies.

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