Core Laboratories Inc. (CLB) saw its stock price plummet 7.54% in after-hours trading on Wednesday following the release of its fourth quarter and full year 2024 results.

The company reported mixed financial results for Q4 2024, with earnings per share (EPS) of $0.22 meeting analyst estimates, while revenue of $129.24 million missed expectations of $132.44 million. For the full year 2024, Core Lab's revenue grew 2.8% year-over-year to $523.8 million, and EPS increased 9% to $0.87.

While Core Lab's Reservoir Description segment experienced growth in certain international markets, its Production Enhancement business was adversely impacted by lower U.S. onshore completion activity. The company cited challenges posed by geopolitical conflicts, sanctions, and severe weather conditions in some regions as factors affecting its performance.

Looking ahead, Core Lab provided a cautious outlook for the first quarter of 2025, projecting revenue between $121 million and $127 million, with operating income ranging from $10.2 million to $12.8 million. The company expects continued volatility in crude oil markets due to global economic uncertainties and geopolitical risks.

While Core Lab remains focused on executing its strategic initiatives, including reducing debt and pursuing growth opportunities, the mixed results and cautious guidance appear to have dampened investor sentiment, leading to the after-hours stock sell-off.