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30.04.25 - 12:33
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Civeo Reports First Quarter 2025 Results (Business Wire)
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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.
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 ...
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29.04.25 - 00:21
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Civeo Announces First Quarter 2025 Earnings Conference Call (Business Wire)
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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--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 ID 13753431#.
By Webcast:
Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.
Please log in at least 10 minutes in advance to register and download any necessary software.
A webcast replay will be available after ...
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27.03.25 - 21:21
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Civeo Corporation Announces New Share Repurchase Authorization (Business Wire)
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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 in 2021, Civeo has repurchased approximately 20% of its fully-diluted shares outstanding.
Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, “This new repurchase authorization is a testament to the value we see in our stock. Having successfully completed the previous authorization in just six months, our new authorization will allow us to repurchase shares at attractive valuations consistent with our commitment to the return of capital to our shareholders. Looking ahead, we continue to revie...
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27.02.25 - 12:33
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Civeo Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
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Highlights:
Reported fourth quarter 2024 revenues of $151.0 million, net loss of $15.1 million and operating cash flow of $9.5 million, with full year 2024 revenues of $682.1 million, net loss of $17.1 million and operating cash flow of $83.5 million;
Reported fourth quarter 2024 Adjusted EBITDA of $11.4 million with full year 2024 Adjusted EBITDA of $79.9 million;
Returned $44.0 million of capital to shareholders in 2024 through the quarterly dividend and share repurchases, representing 65% of 2024 free cash flow of $68.4 million;
Recently announced a six-year A$1.4 billion Australian integrated services contract renewal with expanded scope, showing strength of Civeo's long-term relationships;
Australian revenues in the fourth quarter grew by 23% year-over-year, led by the recently announced integrated services contract renewal; and
Subsequent to quarter end, executed on disciplined growth strategy by entering into an agreement to acquire four villages and associated long-term contracts in the Australia...
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21.02.25 - 00:51
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XFRA : DIVIDEND/INTEREST INFORMATION - 24.02.2025 - CA17878Y2078 (XETRA)
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Das Instrument 44C1 CA17878Y2078 CIVEO CORP. DL -,01 EQUITY wird cum Dividende/Zinsen gehandelt am 21.02.2025 und ex Dividende/Zinsen am 24.02.2025
The instrument 44C1 CA17878Y2078 CIVEO CORP. DL -,01 EQUITY has its pre-dividend/interest day on 21.02.2025 and its ex-dividend/interest day on 24.02.2025...
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19.02.25 - 12:36
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Civeo to Acquire Four Villages in Australian Bowen Basin (Business Wire)
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Civeo executes on growth strategy with disciplined and accretive acquisition
Highlights:
Transaction expands Civeo's Australian owned-village portfolio in the world's premier metallurgical coal basin, the Bowen Basin;
Civeo enters the Blackwater region, extending its unmatched presence and capabilities across the wider Bowen Basin;
Solid contract coverage with new and existing, blue-chip, metallurgical coal producers under take-or-pay contracts;
Civeo will purchase the four villages for A$105 million, or approximately US$67 million, funded with cash on hand and borrowings under the Company's existing credit agreement; and
Expects annualized revenue and EBITDA of approximately A$50 million and A$27 million, or approximately US$32 million and US$17 million, respectively.
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has entered into a definitive asset purchase agreement with a private seller for Civeo to acquire four villages with 1,340 rooms in Australia's Bowen Basin ...
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19.02.25 - 03:06
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Civeo Announces Fourth Quarter 2024 Earnings Conference Call (Business Wire)
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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its fourth quarter 2024 earnings conference call for Thursday, February 27th, 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 2024, which will be released before the market opens on Thursday, February 27, 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: 13751856# at least 10 minutes prior to the start time.
A replay will be available through March 6th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13751856#.
By Webcast:
Connect to the webcast via the Events and Presentations page of Civeo's Investor Relations website at www.civeo.com.
Please log in at least 10 minutes in advance to register and download any necessary software.
A webcast replay will be availa...
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