Civeo Announces a 3-Year Integrated Services Contract Award in Australian Bowen Basin
HOUSTON & SYDNEY--(BUSINESS WIRE)--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 co.
Civeo Corporation: Building Up To A 300% Upside
Civeo Corporation deserves a 'Buy' rating due to its unique position as a provider of workforce accommodations and hospitality, healthy outlook and cheap valuation of 5.9x EV/FCF. The company has a proven track record of producing free cash flow and has massively deleveraged over the last ten years. Management increased the share buybacks from 10% to 20% of outstanding shares.
Stonegate Capital Partners Revises Coverage on Civeo Corporation (CVEO) 2025 Q1
Dallas, Texas--(Newsfile Corp. - May 8, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. CVEO reported revenue, adj EBITDA, and adj EPS of $144.0M, $12.7M, and ($0.72), respectively.
Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q1
Dallas, Texas--(Newsfile Corp. - May 1, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo reported negative free cash flow of ($13.5M) in 1Q25, down from $7.2M in the prior-year period, primarily due to negative operating cash flow of ($8.4M) and $5.3M in capital expenditures.
Civeo (CVEO) Reports Q1 Loss, Lags Revenue Estimates
Civeo (CVEO) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to loss of $0.26 per share a year ago.
Civeo Reports First Quarter 2025 Results
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the first quarter ended March 31, 2025. “Our first quarter results were consistent with our expectations; we continued to deliver topline growth in Australia supported by our recent integrated services contract award, and our operations in Canada continued to be impacted by macroeconomic headwinds that intensified in the first quarter,” said Bradley J. Dodson, Civeo's President and Chief E.
Earnings Preview: Civeo (CVEO) Q1 Earnings Expected to Decline
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.
Civeo Corp.: Increased Demand And Focused Strategy Offer Growth Prospects
Civeo Corp. is positioned for growth despite recent Q4 earnings disappointments, driven by increased demand for oil and mining and a targeted strategy to address Canadian issues. The company focuses on providing accommodations in remote areas for energy and construction workers, with significant operations in Australia and Canada. Civeo is restructuring its Canadian operations to reduce dependency on oil sands and cut overhead costs, projecting a transition year in 2025.
Civeo Corporation Announces New Share Repurchase Authorization
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to 10% of its total common shares outstanding over the next twelve months. The Company recently completed its previous share repurchase authorization, which was announced on September 11, 2024 and covered 5% of the then total common shares outstanding. Since the Company instituted its share repurchase program.
Civeo Acknowledges Receipt of Letter by Shareholder
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) acknowledges the recent shareholder letter issued by Engine Capital LP, a shareholder of the Company. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, “We appreciate the input of our shareholders and will closely review the letter. The Civeo Board and management team regularly review options to create long-term value, including our capital allocation priorities, cost structure and other opportuniti.
Engine Capital Calls on Civeo's Board of Directors to Take Immediate Action to Close the Company's Valuation Gap
NEW YORK--(BUSINESS WIRE)--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 significant valuation gap and unlock value for shareholders. The letter can be viewed and downloaded here. About Engine Capital Engine Capital LP is a value-oriented special situations f.
Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q4
Dallas, Texas--(Newsfile Corp. - February 28, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Despite challenges in the Canadian Segment, CVEO remains a strong free cash flow generator, reporting $68.4M in FCF for FY24.
