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Stock impact report

Civeo Reports Third Quarter 2024 Results

Civeo Corporation (Canada) Common Shares (CVEO) 
Last civeo corporation (canada) common shares earnings: 10/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.civeo.com
Company Research Source: Business Wire
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; andToday announced a 33-month contract renewal with a major Canadian oil sands producer to continue providing accommodations and hospitality services through June 2027 with expected revenues totaling approximately C$150 million. HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the third quarter ended September 30, 2024.“Our Australian segment continues to perform Show less Read more
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