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Fraser brings extensive U.S., Canadian and international executive management experience Al Schoening to retire after 13-year career at Civeo Civeo Corporation ("Civeo" or the "Company") (NYSE:CVEO) today announced the appointment of Andrew "Andy" S. Fraser, a dynamic and experienced leader, as President, Canada, effective August 19, 2024. He succeeds Al Schoening, Senior Vice President, Canada, who will retire after serving 13 years at Civeo. Mr. Schoening will work closely with Mr. Fraser to ensure a smooth transition and is expected to remain a consultant for the Company for a period after his retirement. Mr. Fraser brings extensive international executive management experience in
Seasoned financial leader brings deep experience in energy, operations and investor engagement Civeo Corporation ("Civeo" or the "Company") (NYSE:CVEO) today announced the appointment of E. Collin Gerry as the Company's new Senior Vice President, Chief Financial Officer ("CFO") and Treasurer, effective August 1, 2024, following a comprehensive search process. Barclay Brewer, who served as interim CFO, will assume the role of Vice President, Chief Accounting Officer and will support Mr. Gerry during this transition. Mr. Gerry has held several executive positions with Civeo since May 2014, including serving as Senior Vice President of Canadian Operations since May 2020, and Vice President
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 2024 and will serve on the Company's Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board. "On behalf of our Board of
8-K - Civeo Corp (0001590584) (Filer)
8-K - Civeo Corp (0001590584) (Filer)
10-Q - Civeo Corp (0001590584) (Filer)
Civeo Corporation (NYSE:CVEO) today announced that it was awarded a three-year contract with a leading metallurgical coal producer to provide integrated services at two villages in the Australian Bowen Basin. This contract marks the first integrated services contract the Company has been awarded in Queensland. This producer is currently one of Civeo's largest customers at Civeo-owned villages. Services under the contract will commence in June 2025. The new contract incorporates onsite village catering, cleaning and maintenance services. It is anticipated the three-year contract will generate approximately A$64 million in revenues over the 2025-2028 contract period. This contract award was
Accretive acquisition strengthens Civeo's presence and deepens the Company's relationships with metallurgical coal producers in Basin Expected to add approximately US$32 million and US$17 million of annualized revenue and Adjusted EBITDA, respectively Civeo Corporation (NYSE:CVEO) has completed its previously announced acquisition of four villages with 1,340 rooms in Australia's Bowen Basin and the associated customer contracts for total cash consideration of A$105 million, or approximately US$67 million. The acquisition was funded with cash on hand and borrowings from Civeo's existing revolving credit facility. "We are pleased to have completed this important acquisition earlier than ex
Highlights: Reported revenues of $144.0 million, net loss of $9.8 million and Adjusted EBITDA of $12.7 million; Returned $6.8 million of capital to shareholders in the quarter through share repurchases and the quarterly dividend; Announced updates to its capital allocation framework, including the increase of Civeo's share repurchase authorization from 10% to 20% of shares outstanding and the suspension of its quarterly cash dividend; and Continued progress toward completing the previously announced acquisition of four villages in the Australian Bowen Basin, with the transaction expected to close in the second quarter of 2025. Civeo Corporation (NYSE:CVEO) today reported financial
SC 13G/A - Civeo Corp (0001590584) (Subject)
SC 13G/A - Civeo Corp (0001590584) (Subject)
SC 13G - Civeo Corp (0001590584) (Subject)
4 - Civeo Corp (0001590584) (Issuer)
4 - Civeo Corp (0001590584) (Issuer)
4 - Civeo Corp (0001590584) (Issuer)
Stifel Nicolaus resumed coverage of Civeo with a rating of Buy and set a new price target of $2.50
Highlights: Reported revenues of $144.0 million, net loss of $9.8 million and Adjusted EBITDA of $12.7 million; Returned $6.8 million of capital to shareholders in the quarter through share repurchases and the quarterly dividend; Announced updates to its capital allocation framework, including the increase of Civeo's share repurchase authorization from 10% to 20% of shares outstanding and the suspension of its quarterly cash dividend; and Continued progress toward completing the previously announced acquisition of four villages in the Australian Bowen Basin, with the transaction expected to close in the second quarter of 2025. Civeo Corporation (NYSE:CVEO) today reported financial
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2025 earnings conference call for Wednesday April 30th, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2025, which will be released before the market opens on Wednesday, April 30, 2025. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13753431# at least 10 minutes prior to the start time. A replay will be available through May 10th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference
Asserts that Civeo Is Meaningfully Undervalued in the Public Market at ~3.6x EV to 2025 EBITDA Multiple Believes the Board Should Eliminate the Dividend, Aggressively Repurchase Shares, Target a 1.75x Leverage Ratio and Significantly Reduce Costs to Deliver ~$47 per Share for Shareholders in Standalone Scenario Highlights How a Sale of Civeo Could Provide an Alternate Path to Delivering Significant Value Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately 9.8% of Civeo Corporation's (NYSE:CVEO) ("Civeo" or the "Company") outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's sig