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Civeo Corp - CVEO STOCK NEWS

Welcome to our dedicated news page for Civeo (Ticker: CVEO), a resource for investors and traders seeking the latest updates and insights on Civeo.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Civeo's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Civeo's position in the market.

News
Rhea-AI Summary
Civeo (NYSE:CVEO) reported its first quarter 2024 results, including revenues of $166.1 million, a net loss of $5.1 million, and operating cash flow of $6.0 million. The company delivered Adjusted EBITDA of $17.3 million and free cash flow of $7.2 million. Civeo returned capital to shareholders through a dividend and share repurchase program. The sale of McClelland Lake Lodge was completed in January with ongoing assessment of potential revenue opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.21%
Tags
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Rhea-AI Summary
Civeo (CVEO) has scheduled its first quarter 2024 earnings conference call for April 26th, 2024, to discuss financial and operating results. Investors can join via phone or webcast to learn more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.63%
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-
Rhea-AI Summary
Civeo Corporation (CVEO) reported strong financial results for Q4 2023, with revenues of $170.8 million, net income of $23.0 million, and operating cash flow of $40.0 million. Full-year 2023 revenues totaled $700.8 million, with net income of $30.2 million. Adjusted EBITDA for Q4 2023 was $17.4 million and free cash flow was $39.2 million. The company reduced total debt by $37.7 million in Q4 2023. They initiated a quarterly dividend in September 2023 and completed the sale of McClelland Lake Lodge in January 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.14%
Tags
Rhea-AI Summary
Civeo Corporation (CVEO) has scheduled its Q4 2023 earnings conference call for February 29, 2024, to discuss financial and operating results, with a webcast and phone replay options available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.85%
Tags
-
News
Rhea-AI Summary
Civeo Corporation (CVEO) has declared a quarterly cash dividend of $0.25 per common share, payable on March 18, 2024, to shareholders of record as of February 26, 2024. The dividend has been designated as an 'eligible dividend' for the Income Tax Act (Canada).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
dividends
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Rhea-AI Summary
Stonegate Capital Partners updates their coverage on Civeo Corporation. GPM increased by approximately 150 basis points year-over-year. McClelland lake sale has been announced. Australian segment revenues increased by 24% year-over-year on a constant currency basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
Tags
none
News
Rhea-AI Summary
Civeo Corporation reports Q3 2023 financial results, including revenues of $183.6 million, net income of $9.0 million, and operating cash flow of $36.8 million. The company also announces the sale of McClelland Lake Lodge for $36 million. They have reduced total debt by $32.9 million and initiated a quarterly dividend and share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.06%
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-
Rhea-AI Summary
Civeo Corporation schedules Q3 2023 earnings conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
Civeo Corporation announces sale of McClelland Lake Lodge assets for US$36 million, expecting net proceeds of US$30 million. Anticipated gains of approximately US$35 million to be recognized in 2023 and 2024. Possible future opportunities for ancillary services. Expected increase in 2023 cash flow of US$20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.45%
Tags
none
Rhea-AI Summary
Stonegate Capital Partners updates coverage on Civeo Corporation. Civeo initiated a dividend at an annualized yield of 5.0%. FCF positive YTD. Australian segment revenues up 30% Y/Y on a constant currency basis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
dividends
Civeo Corp

NYSE:CVEO

CVEO Rankings

CVEO Stock Data

375.25M
9.61M
8.98%
77.67%
0.22%
Facilities Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
Houston

About CVEO

civeo is a global workforce accommodation specialist that helps people maintain healthy, productive and connected lives while living and working away from home. our unique approach focuses on guest wellbeing, safety, efficiency and community partnership with a property development mindset – making us a leading provider of workforce accommodation solutions. for more information, please visit www.civeo.com