Civeo

Civeo Corp. engages in the provision of workforce accommodations, logistics and facility management services to the natural resource industry. It operates through the following business segments: Canada, Australia, and U.S. The Canada segment provides accommodation services through lodges, open camps and mobile assets, which supports workforces from oil sands and in a variety of oil and natural gas drilling, mining and related natural resource applications, as well as disaster relief efforts. The Australia segment provides accommodations services on a day rate basis to mining and related service companies, such as construction contractors. The U.S. segment provides open camp facilities and highly mobile smaller camps that follow drilling rigs and completion crews as well as accommodation, office and storage modules that are placed on offshore drilling rigs and products platforms. The company was founded in 1977 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q4 2024

Civeo reports solid Q4 performance amidst inflation challenges and growth

Civeo's Q4 performance showed resilience in generating free cash flow despite challenges from inflationary pressures.
The company's strategic strengths include debt reduction, share repurchases, and securing long-term contracts for revenue growth.
Challenges in managing costs and segment performance require focused attention to maintain profitability and operational efficiency.
Opportunities lie in expanding market share, optimizing operations, and exploring new avenues for revenue diversification and growth.

Civeo (CVEO) meets Q1 expectations, eyes growth in Australia

Civeo (CVEO) delivered Q1 results as expected, focusing on expanding market share in Australia and executing strategic initiatives. Despite challenges like negative free cash flow and labor issues, the company is optimistic about maintaining guidance and seizing growth opportunities.

Civeo reports mixed Q2 results with growth in Australia

Civeo's Q2 2023 performance reflected contrasting results between its Australian and Canadian segments. While challenges persist in the Canadian market, opportunities for growth and efficiency improvements are evident in Australia. The company's strategic focus on safety, cost management, and revenue diversification remains key to navigating market dynamics.

Civeo surpasses Q3 expectations, announces dividend amidst operational strength

Civeo's Q3 2023 earnings call showcased strong financial performance, operational excellence in key markets, and a positive outlook for the full year. Despite challenges such as lower LNG-related activity and demobilization expenses, the company remains focused on driving growth and maximizing shareholder value through strategic initiatives and prudent financial management.

Civeo exceeds Q4 targets, eyes growth in Australia and NA

Civeo's Q4 2023 performance reflects resilience and growth, with a strong financial position and strategic focus on expansion opportunities.
While challenges like the impact of asset sales and cautious guidance for 2024 exist, the company remains committed to prudent financial management.
Opportunities in Australia and North America, coupled with efforts to enhance margins and operational efficiency, position Civeo for sustainable growth.
Navigating market uncertainties and balancing growth with cost control will be key focus areas for Civeo in the upcoming year.

Civeo meets Q1 expectations, Australian segment resilient amid challenges

Civeo's Q1 2024 performance met expectations with stable full-year guidance maintained.
Australian segment showed resilience with revenue growth despite currency challenges.
Challenges in the Canadian segment were offset by strategic initiatives and shareholder value enhancements.
Future growth hinges on safety, innovation, and prudent capital allocation strategies.

Civeo reports improved Q2 performance, maintains full-year guidance

Civeo's Q2 2024 performance showed strength in revenue growth and shareholder returns.
While facing challenges in certain segments, the company maintains a solid financial position.
Opportunities exist for Civeo to capitalize on growth potential and operational enhancements.
Overall, Civeo remains focused on driving sustainable value for its stakeholders.

Civeo reports resilient Q3 performance with growth opportunities ahead

Civeo's Q3 performance showcased resilience and growth potential, with strong showings in Australia and Canada driving financial improvements.
Despite challenges such as reported net loss and debt management, the company's strategic initiatives and diversified revenue streams position it for long-term success.
Looking ahead, Civeo's focus on capital allocation, operational efficiency, and regional growth opportunities sets a positive trajectory for future performance and shareholder value.

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Civeo (CVEO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Civeo (CVEO) Stock Jumps 11%: Will It Continue to Soar?

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) (“Civeo” or the “Company”), a leading provider of hospitality services to the natural resources sector, today announced that Conversant Capital LLC (“Conversant”), a private investment firm that pursues credit and equity investments in the real estate, digital infrastructure and hospitality sectors, has purchased approximately 958,000 Civeo common shares from entities affiliated with Lance Torgerson (“Mr. Torgerson”) und

Civeo and Conversant Capital Announce Stock Purchase Agreement

Civeo Corporation (CVEO) CEO Bradley Dodson on Q4 2021 Results - Earnings Call Transcript

Civeo (CVEO) delivered earnings and revenue surprises of 5,900% and 12.11%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Civeo (CVEO) Q4 Earnings and Revenues Beat Estimates

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2021. “Despite pandemic-related headwinds throughout 2021, Civeo continued to operate safely, generate significant free cash flow, and substantially reduce our total debt balance as well as our net leverage ratio. We also replaced and refinanced our entire credit agreement, which extends the maturity of all of our debt outst

Civeo Reports Fourth Quarter and Full Year 2021 Results

Civeo (CVEO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Will Civeo (CVEO) Report Negative Earnings Next Week? What You Should Know

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its fourth quarter and full year 2021 earnings conference call for Monday, February 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter and full year 2021, which will be released before the market opens on Monday, February 28, 2022. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8

Civeo Announces Fourth Quarter and Full Year 2021 Earnings Conference Call

Civeo (CVEO) CEO Bradley Dodson on Q3 2021 Results - Earnings Call Transcript

Civeo (CVEO) delivered earnings and revenue surprises of -100.00% and 0.07%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Civeo (CVEO) Reports Break-Even Earnings for Q3

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the third quarter ended September 30, 2021. Highlights include: Reported third quarter revenues of $155.1 million, net income of $0.1 million and operating cash flow of $33.9 million; Delivered third quarter Adjusted EBITDA of $26.2 million and free cash flow of $31.0 million; Reduced net leverage ratio to 1.86x as of September 30, 2021 from 1.98x as of June 30, 2021; Co

Civeo Reports Third Quarter 2021 Results

Civeo (CVEO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2021 earnings conference call for Thursday, October 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Thursday, October 28, 2021. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civ

Civeo Announces Third Quarter 2021 Earnings Conference Call

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today the completion of a replacement and refinancing of its credit agreement. The new syndicated facility agreement, which consists of a Canadian term loan and three revolving credit facilities, encompasses all of Civeo's outstanding debt structure. In the leverage neutral transaction, the Canadian term loan was reduced to C$100 million (approximately US$80 million), compared to an outstanding balance of C$216

Civeo Corporation Announces Replacement of its Credit Agreement

Mining services in Australia are likely to build on an existing partnership with Japan in the development of future technologies.

Civeo Corp.: Debt Reduction Points To A Robust Bull Run

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors has authorized the Company to repurchase up to 5% of its total common shares outstanding, or approximately 715,000 common shares, through the facilities of the New York Stock Exchange over the next twelve months. Civeo intends to fund repurchases through cash on hand and cash generated from operations. “Today's announcement reflects our confidence in Civeo's business and the fu

Civeo Corporation Announces Share Repurchase Authorization

Civeo (CVEO) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

Civeo (CVEO) is on the Move, Here's Why the Trend Could be Sustainable

Civeo Corporation (CVEO) CEO Bradley Dodson on Q2 2021 Results - Earnings Call Transcript

Civeo (CVEO) delivered earnings and revenue surprises of 341.18% and 12.91%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Civeo (CVEO) Q2 Earnings and Revenues Top Estimates

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the second quarter ended June 30, 2021. Highlights include: Reported second quarter revenues of $154.2 million, a net loss of $0.5 million and operating cash flow of $16.5 million; Delivered second quarter Adjusted EBITDA of $32.2 million and free cash flow of $13.7 million; and Reduced total debt to $226.8 million as of June 30, 2021 from $238.1 million as of March 31,

Civeo Reports Second Quarter 2021 Results

Analysts Estimate Civeo (CVEO) to Report a Decline in Earnings: What to Look Out for

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2021 earnings conference call for Friday, July 30, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Friday, July 30, 2021. By Phone: Dial 800-289-0438 inside the U.S. or 323-794-2423 internationally and ask for the Civeo call a

Civeo Announces Second Quarter 2021 Earnings Conference Call

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company's Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May

Civeo Corporation Announces Appointment of Jay Grewal and Michael Montelongo to its Board

Civeo (CVEO) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Civeo (CVEO) Surges 5.8%: Is This an Indication of Further Gains?

Civeo Corp has seen a nice ride over the past few years. The company continues to create significant cash flow from its operations, though this year is proving to be more of a challenge.

Civeo Corp: Attractive Upside Potential Still Exists

Civeo Corp (CVEO) CEO Bradley Dodson on Q1 2021 Results - Earnings Call Transcript

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