#CVEO

#CVEO Civeo Announces a 4-Year Contract Renewal in the Australian Bowen Basin with expected revenues of approximately A$250 million

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StockTitan

@stocktitan.net

10 months ago

Stonegate Capital Partners Revises Coverage on Civeo Corporation (CVEO) 2025 Q1 Civeo Corporation (NYSE: CVEO) reported mixed Q1 2025 financial results with revenue of $144.0 million, falling short of consensus estimates of $148.1 million. The company posted an Adjusted EBITDA of $12.7 million and adjusted EPS of ($0.72). The underperformance was primarily attributed to weakness in both pricing and billed rooms volume in the Canadian segment, although the Australian segment showed robust performance.CVEO updated its 2025 guidance following a recent acquisition, projecting revenue between $640-670 million and Adjusted EBITDA of $86-96 million. Additionally, the company announced an increase in its share repurchase authorization from 10% to 20% of shares outstanding while suspending its quarterly cash dividend.

#CVEO Stonegate Capital Partners Revises Coverage on Civeo Corporation (CVEO) 2025 Q1

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StockTitan

@stocktitan.net

10 months ago

Civeo Reports First Quarter 2025 Results Civeo reported Q1 2025 financial results with revenues of $144.0 million, a net loss of $9.8 million, and Adjusted EBITDA of $12.7 million. The company returned $6.8 million to shareholders through share repurchases and dividends. Key developments include: Increased share repurchase authorization from 10% to 20% of shares outstanding Suspended quarterly cash dividend Progress on acquiring four villages in Australian Bowen Basin Regional performance showed mixed results: Australian operations delivered 13% revenue growth to $103.6 million, while Canadian operations faced challenges with revenues declining 40% to $40.4 million. The company lowered its 2025 guidance to $620-650 million in revenue and $75-85 million in Adjusted EBITDA. Civeo maintains a strong financial position with $162.2 million in total liquidity and a net leverage ratio of 0.8x as of March 31, 2025.

#CVEO Civeo Reports First Quarter 2025 Results

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Anu Bansal

@stockholderrights.bsky.social

10 months ago

Engine Capital Urges Civeo #CVEO for 130% Stock Upside

Engine Capital, a 9.8% shareholder of Civeo Corporation #CVEO , sent a letter to the company’s board on March 18, 2025, urging strategic changes to address what it perceives as significant undervaluation.

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StockTitan

@stocktitan.net

10 months ago

Civeo Taps Into Indigenous Market: New Partnership Launches Multi-Service Venture in Southern Ontario Strategic alliance with Six Nations launches CiveoSix, expanding hospitality services across Southern Ontario. Indigenous procurement opportunities unlock new growth. Learn more.

#CVEO Civeo Announces Limited Partnership with Six Nations of the Grand River Development Corporation to Launch CiveoSix

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StockTitan

@stocktitan.net

11 months ago

Civeo's Aggressive Share Buyback: 30% of Shares Targeted Since 2021 New 10% share repurchase follows successful completion of previous program. Civeo demonstrates continued confidence with 20% shares already bought since 2021. Full analysis inside.

#CVEO Civeo Corporation Announces New Share Repurchase Authorization

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StockTitan

@stocktitan.net

11 months ago

Activist Investor Pushes for Changes at Civeo: Management Signals Strategic Review Civeo engages with activist Engine Capital LP, evaluating capital allocation and cost structure to enhance shareholder value. Management opens dialogue on strategic options.

#CVEO Civeo Acknowledges Receipt of Letter by Shareholder

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