Core Laboratories N.V. (NYSE:CLB) Q1 2022 Earnings Conference Call April 28, 2022 8:30 AM ET

Company Participants

Larry Bruno - Chairman and CEO

Chris Hill - CFO

Gwen Gresham - Head of IR

Conference Call Participants

Stephen Gengaro - Stifel

Taylor Zurcher - Tudor, Pickering, & Holt

Operator

Good morning, and welcome to the Core Lab Q1 2022 Earnings Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference to Larry Bruno, Chairman and CEO. Please go ahead.

Larry Bruno

Thanks, Anthony. Good morning in the Americas; good afternoon in Europe, Africa and the Middle East; and good evening in Asia Pacific. We'd like to welcome all of our shareholders, analysts and most importantly, our employees, to Core Laboratories' First Quarter 2022 Earnings Call.

This morning, I'm joined by Chris Hill, Core's Chief Financial Officer; and Gwen Gresham, Core's Senior Vice President and Head of Investor Relations. The call will be divided into 6 segments. Gwen will start by making remarks regarding forward-looking statements. We'll then have some opening comments, including a high-level review of important factors of Core's Q1 performance. In addition, we'll review Core's strategies and the three financial tenets that the company employs to build long-term shareholder value. Chris will then give a detailed financial overview and have additional comments regarding shareholder value. Following Chris, Gwen will provide some comments on the company's outlook and guidance. I'll then review Core's two operating segments, detailing our progress and discussing the continued successful introduction and deployment of Core Lab's technologies as well as highlighting some of Core's operations and major projects worldwide. Then we'll open the phones for a Q&A session.

I'll now turn the call over to Gwen for remarks on forward-looking statements.

Gwen Gresham

Before we start the conference this morning, I'll mention that some of the statements that we make during this call may include projections, estimates and other forward-looking information. This would include any discussion of the company's business outlook. These types of forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from our forward-looking statements. These risks and uncertainties are discussed in our most recent annual report on Form 10-K as well as other reports and registration statements filed by us with the SEC and the AFM.

We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. Our comments also include non-GAAP financial measures. Reconciliation to the most directly comparable GAAP financial measures is included in the press release announcing our first quarter results. Non-GAAP measures can also be found on our website.