Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile accommodations, including modular, skid-mounted accommodation, and central facilities that provide long-term and temporary work force accommodations. It also offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services; and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as catering and managed services. It owns and operates 28 lodges and villages with approximately 30,000 rooms; and a fleet of mobile accommodation assets. The company serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation is headquartered in Houston, Texas.
IPO Year: 2014
Exchange: NYSE
Website: civeo.com
Third Quarter Highlights include: Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million; Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million; Returned $17.8 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases; Australian segment continues to deliver strong growth, with revenues up 33% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Today announced a 33-month contract renewal with a major Canadian oil sands producer to continue providing accommodations and ho
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, 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 third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024. 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: 13749748# at least 10 minutes prior to the start time. A replay will be available through November 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the
Civeo Corporation (NYSE:CVEO) announced today the completion of an amendment and extension to its credit agreement which encompasses all of Civeo's outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement: Extends the maturity date of the credit agreement to August 2028; Upsizes total revolving credit facility capacity to $245 million from $200 million; and Reduces borrowing costs and maintains previous max net leverage ratio and max interest coverage covenant levels. "We are pleased to announce this amendment and extension, which allows Civeo more flexibility to execute on our capital allocation priorities su
Second Quarter Highlights include: Reported revenues of $188.7 million, net income of $8.2 million and operating cash flow of $32.4 million; Delivered Adjusted EBITDA of $31.3 million and free cash flow of $30.9 million; Australian segment continues to deliver strong growth, with revenues up 32% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Returned $10.3 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases. Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the second quarter ended June 30, 2024.
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2024 earnings conference call for Tuesday, July 30th, 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 second quarter 2024, which will be released before the market opens on Tuesday, July 30, 2024. 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: 13747979# at least 10 minutes prior to the start time. A replay will be available through August 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the confere
First Quarter Highlights include: Reported revenues of $166.1 million, net loss of $5.1 million and operating cash flow of $6.0 million; Delivered Adjusted EBITDA of $17.3 million and free cash flow of $7.2 million; Continued to return capital to shareholders through the quarterly dividend and share repurchase program; and Completed the previously announced sale of McClelland Lake Lodge in January and continue to assess additional potential associated revenue opportunities. Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the first quarter ended March 31, 2024. "Through continued safe and effective operations, our first quarter 2024 result
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2024 earnings conference call for Friday, April 26th, 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 first quarter 2024, which will be released before the market opens on Friday, April 26, 2024. 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: 13746099# at least 10 minutes prior to the start time. A replay will be available through May 3rd by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference I
Highlights: Reported fourth quarter 2023 revenues of $170.8 million, net income of $23.0 million and operating cash flow of $40.0 million, with full year 2023 revenues of $700.8 million, net income of $30.2 million and operating cash flow of $96.6 million; Reported fourth quarter 2023 Adjusted EBITDA of $17.4 million and free cash flow of $39.2 million, with full year 2023 Adjusted EBITDA of $102.0 million and free cash flow of $81.7 million; Reduced total debt in the fourth quarter by $37.7 million to $65.6 million as of December 31, 2023; Initiated regular quarterly dividend in September 2023 and continued opportunistic share repurchases, resulting in the return of 23% of 2
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its fourth quarter 2023 earnings conference call for Thursday, February 29, 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 2023, which will be released before the market opens on Thursday, February 29, 2024. 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: 13744459# at least 10 minutes prior to the start time. A replay will be available through March 7th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the
Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 18, 2024 to shareholders of record as of close of business on February 26, 2024. For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an "eligible dividend". About Civeo Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, hous
Third Quarter Highlights include: Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million; Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million; Returned $17.8 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases; Australian segment continues to deliver strong growth, with revenues up 33% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Today announced a 33-month contract renewal with a major Canadian oil sands producer to continue providing accommodations and ho
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, 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 third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024. 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: 13749748# at least 10 minutes prior to the start time. A replay will be available through November 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the
Civeo Corporation (NYSE:CVEO) announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding over the next twelve months. Civeo may repurchase shares through open market repurchases and/or privately negotiated transactions, and intends to fund repurchases through cash on hand and cash generated from operations. The timing, price and quantity of repurchases under the repurchase plan will be at the discretion of Civeo and will depend on various factors, including the Company's capital position, liquidity, financial performance and alternative uses of capital, stock trading price, regula
Civeo Corporation (NYSE:CVEO) announced today the completion of an amendment and extension to its credit agreement which encompasses all of Civeo's outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement: Extends the maturity date of the credit agreement to August 2028; Upsizes total revolving credit facility capacity to $245 million from $200 million; and Reduces borrowing costs and maintains previous max net leverage ratio and max interest coverage covenant levels. "We are pleased to announce this amendment and extension, which allows Civeo more flexibility to execute on our capital allocation priorities su
Second Quarter Highlights include: Reported revenues of $188.7 million, net income of $8.2 million and operating cash flow of $32.4 million; Delivered Adjusted EBITDA of $31.3 million and free cash flow of $30.9 million; Australian segment continues to deliver strong growth, with revenues up 32% on a year-over-year basis, driven by both increased occupancy at Civeo-owned villages and continued growth in our integrated services offering; and Returned $10.3 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases. Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the second quarter ended June 30, 2024.
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2024 earnings conference call for Tuesday, July 30th, 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 second quarter 2024, which will be released before the market opens on Tuesday, July 30, 2024. 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: 13747979# at least 10 minutes prior to the start time. A replay will be available through August 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the confere
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
First Quarter Highlights include: Reported revenues of $166.1 million, net loss of $5.1 million and operating cash flow of $6.0 million; Delivered Adjusted EBITDA of $17.3 million and free cash flow of $7.2 million; Continued to return capital to shareholders through the quarterly dividend and share repurchase program; and Completed the previously announced sale of McClelland Lake Lodge in January and continue to assess additional potential associated revenue opportunities. Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the first quarter ended March 31, 2024. "Through continued safe and effective operations, our first quarter 2024 result
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2024 earnings conference call for Friday, April 26th, 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 first quarter 2024, which will be released before the market opens on Friday, April 26, 2024. 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: 13746099# at least 10 minutes prior to the start time. A replay will be available through May 3rd by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference I
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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
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Stifel Nicolaus resumed coverage of Civeo with a rating of Buy and set a new price target of $2.50
Fraser brings extensive U.S., Canadian and international executive management experienceAl Schoening to retire after 13-year career at CiveoCiveo 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.
Stifel analyst Stephen Gengaro maintains Civeo (NYSE:CVEO) with a Buy and raises the price target from $30 to $31.
Shares of Clever Leaves Holdings Inc. (NASDAQ:CLVR) fell sharply during Monday's session after the company announced that it will voluntarily delist its common shares from the Nasdaq and deregister its Securities to terminate and suspend its reporting obligations. Clever Leaves Holdings shares dipped 60% to $1.6498 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares climbed 73% to $25.36 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash. Collective Audience, Inc. (NASDAQ:CAUD) gained 50.4% to $0.6002 after the company announced a strategic partne
For the full year of 2024, Civeo is maintaining its previously provided Adjusted EBITDA guidance range of $80 million to $90 million and capital expenditure guidance of $30 million to $35 million.
Civeo (NYSE:CVEO) reported quarterly losses of $(0.35) per share which missed the analyst consensus estimate of $(0.20) by 75 percent. The company reported quarterly sales of $166.120 million which beat the analyst consensus estimate of $154.726 million by 7.36 percent. This is a 0.88 percent decrease over sales of $167.591 million the same period last year.
Civeo (NYSE:CVEO) reported quarterly sales of $170.80 million which beat the analyst consensus estimate of $151.12 million by 13.02 percent. This is a 5.31 percent increase over sales of $162.19 million the same period last year.
Companies Reporting Before The Bell • Frontline (NYSE:FRO) is expected to report quarterly earnings at $0.46 per share on revenue of $276.19 million. • NB Bancorp (NASDAQ:NBBK) is likely to report earnings for its Fiscal Year 2023. • Verona Pharma (NASDAQ:VRNA) is projected to report quarterly loss at $0.26 per share on revenue of $0. • iHuman (NYSE:IH) is estimated to report earnings for its fourth quarter. • argenx (NASDAQ:ARGX) is estimated to report quarterly loss at $1.71 per share on revenue of $364.75 million. • Titan Intl (NYSE:TWI) is expected to report quarterly earnings at $0.28 per share on revenue of $413.57 million. • Canadian Imperial Bank (NYSE:CM) is projected to repo
Civeo (NYSE:CVEO) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement. Analysts estimate that Civeo will report an earnings per share (EPS) of $0.07. Civeo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.40, which was followed by a 0.0% drop in the share price the next day. H