Core lab announces reduced dividend and expansion of cost reduction initiatives

Core lab announces reduced dividend and expansion of cost reduction initiatives.core laboratories nv - feels it is appropriate to withdraw its q1 2020 guidance, last provided on jan 29, 2020.core laboratories nv - approved a plan to reduce company's future quarterly dividends to $0.01 per share.core laboratories nv - enacting cost control plan which includes annual capex reduced to below $11.4 million.core laboratories - to focus excess free cash flow on debt reduction in response to current market volatility, disruption related to covid-19.core laboratories nv - believes it will have ample liquidity through its revolving credit facility to manage debt and maintain a strong balance sheet.core laboratories - cost reduction plans already approved, reduced capex estimated to provide additional cash flow of over $30 million on annual basis.
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