"Our adjusted fourth quarter 2012 earnings of $0.21 per share are slightly above the range noted in our estimated fourth quarter earnings as announced on February 1....Our Fluids Division's profitability increased significantly in the fourth quarter of 2012, both sequentially and compared to the fourth quarter of 2011, primarily due to a continued increase in completions activity offshore in the Gulf of Mexico and continued growth in our water management business onshore in the U.S. In addition, our international completion fluids business was a positive contributor to the sequential earnings growth for the Division."
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