Core Laboratories N.V. provided earnings guidance for the second quarter 2023. For the quarter, Production Enhancement segment revenue is estimated to increase by mid-single digits. Core projects second quarter 2023 revenue to range from $130,000,000 to $135,000,000 and operating income of $14,500,000 to $17,500,000, yielding operating margins of approximately 12%.

EPS for the second quarter of 2023 is expected to be $0.20 to $0.24. The Company's second quarter 2023 guidance is based on projections for underlying operations and excludes gains and losses in foreign exchange.