Revenue Performance - Fourth quarter 2024 revenue was 129.2million,down4523.8 million, representing a 3% increase compared to 2023[3] - Revenue for Q4 2024 was 129,237thousand,adecreaseof3.8523,848 thousand, an increase of 2.8% compared to 2023[31] - First quarter 2025 revenue is projected to range from 121millionto127 million, with operating income of 10.2millionto12.8 million[22] Operating Income - Fourth quarter operating income was 14.2million;ex−items,itwas15.7 million, down 14% sequentially but up 4% year-over-year[3] - Full year operating income, ex-items, was 65.3million,withincrementalmarginsof2914,174 thousand, down 28.4% from Q3 2024 and down 2.8% from Q4 2023[29] - Operating income for the year ended December 31, 2024, was 58,556thousand,up7.214,174 million, down from 19,803millioninQ32024andupfrom14,581 million in Q4 2023[39] Net Income - Net income attributable to Core Laboratories Inc. for Q4 2024 was 7,403thousand,adecreaseof37.010,396 million, compared to 11,814millioninQ32024and8,909 million in Q4 2023[39] - The year ended December 31, 2024, saw a GAAP reported earnings per share of 0.66,withspecificitemsimpactingtheresultsthroughouttheyear[40]CashFlow−Fourthquarterfreecashflowwas16.2 million, up over 50% sequentially[3] - Full year free cash flow totaled 43.4million,anincreaseofover20016,234 million, with net cash provided by operating activities at 20,615millionandcapitalexpendituresof4,381 million[52] Debt and Leverage - The debt leverage ratio was reduced to 1.31, the lowest in over eight years, with net debt decreased by 11.7millionduringthequarter[4]−Long−termdebt,net,decreasedto126,111 thousand, down 9.8% from Q3 2024 and down 22.7% from Q4 2023[33] Segment Performance - Reservoir Description segment revenue for Q4 2024 was 86.8million,down242.4 million, down 7% sequentially and 3% year-over-year[7] - Operating income for the Reservoir segment in Q4 2024 was 16,643million,whiletheProductionEnhancementsegmentreportedanoperatinglossof2,597 million[46] Tax and Other Items - The effective tax rate for the year ended December 31, 2024, was 30%, significantly higher than 10% in 2023[31] - The company recognized a gain on insurance recovery of 2,572millionrelatedtoafireincidentinoneofitsU.K.facilities[43]ForeignExchange−Thecompanyexperiencedforeignexchangegainsof761 million in Q4 2024, compared to losses of 239millioninQ32024andgainsof468 million in Q4 2023[39] Return on Investment - Return on Invested Capital (ROIC) for the company was 10.3%, calculated from a Net Operating Profit After Tax (NOPAT) of 40.9millionandAverageTotalInvestedCapitalof397.6 million[48]