For the fifth consecutive time, Core Laboratories (NYSE:CLB) turned in a record quarterly earnings report, one in which the company again distributed more money back to shareholders, $1.87 per share, than quarterly earnings per share, $1.43. In a market where cash is king, Core Labs spun 29% of revenue into free cash flow over the past three months while also maintaining the highest return on invested capital ratio of any publicly traded oil and gas service firm.
This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors, @TMFEnergy.