Core Lab Reports Fourth Quarter And Full Year 2020 Results From Continuing Operations - COMPANY FOURTH QUARTER REVENUE OF $114 MILLION; UP 8% SEQUENTIALLY - FOURTH QUARTER GAAP EPS OF $0.31; $0.18, EX-ITEMS; UP OVER 10% SEQUENTIALLY - CORE GENERATES FCF FOR 19TH CONSECUTIVE YEAR; $46 MILLION FOR 2020 - CORE REDUCES NET DEBT BY $49 MILLION OR 16.5% FOR 2020 - RESERVOIR DESCRIPTION'S REVENUE UP 5% SEQUENTIALLY - PRODUCTION ENHANCEMENT'S REVENUE UP 18% SEQUENTIALLY, LED BY U.S. ENERGETICS SALES, UP OVER 65% SEQUENTIALLY News provided by Share this article Share this article AMSTERDAM, Jan. 27, 2021 /PRNewswire/ -- Core Laboratories N.V. (NYSE: "CLB US" and Euronext Amsterdam: "CLB NA") ("Core", "Core Lab", or the "Company") reported that continuing operations resulted in fourth quarter 2020 revenue of $113,700,000. Core's operating income was $23,400,000, with earnings per diluted share ("EPS") of $0.31, all in accordance with U.S. generally accepted accounting principles ("GAAP"). The financial results for the fourth quarter of 2020 include a non-cash adjustment of $11.9 million to reverse previously recognized stock compensation expense associated with performance share awards that did not fully vest and were revalued. Operating income, ex-items, a non-GAAP financial measure, was $13,000,000, yielding operating margins of 11% and EPS, ex-items, of $0.18. A full reconciliation of non-GAAP financial measures and year-over-year comparisons are included in the attached financial tables.