Core Laboratories N.V. (CLB) CEO David Demshur on Q4 2019 Results - Earnings Call Transcript

Core Laboratories N.V. (NYSE:CLB) Q4 2019 Results Conference Call January 30, 2020 8:30 AM ET

Company Participants

David Demshur - Chairman and CEO
Chris Hill - CFO
Gwen Schreffler - Head, IR
Larry Bruno - President and COO

Conference Call Participants

Chase Mulvehill - Bank of America
Sean Meakim - JP Morgan
Marc Bianchi - Cowen
Kurt Hallead - RBC
Blake Gendron - Wolfe Research
Byron Pope - Tudor, Pickering, Holt
Ian Macpherson - Simmons
Samantha Hoh - Evercore ISI
Stephen Gengaro - Stifel

Operator

Good morning and welcome to the Core Laboratories Q4 2019 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to David Demshur, Chairman and CEO of Core Laboratories. Please go ahead.

David Demshur

Thanks, Eily. Good morning in North America, good afternoon in Europe and good evening in Asia Pacific. We'd like to welcome all of our shareholders, analysts and most importantly, our employees to Core Laboratories fourth quarter 2019 earnings conference call.

This morning, I'm joined by Chris Hill, Core's CFO; Gwen Schreffler, Core's Head of IR; and Larry Bruno, Core's President and COO. The call will be divided into five segments. Gwen will start by making remarks regarding forward-looking statements. Then, we will return to review the current macro environment, updating Core's view on U.S. crude oil production trend. We will then review Core's three financial tenets which the Company employs to build long-term shareholder value. Chris will then follow with a detailed financial overview and additional comments regarding building shareholder value followed by Gwen discussing Core’s first quarter 2020 outlook, and a general industry outlook as it pertains to Core’s prospects. Then, Larry will go over Core’s two operating segments, detailing our progress and discussing the continued successful introduction of new Core lab technologies and then highlighting some of Core’s operations