Welcome to our dedicated page for Civeo Cda news (Ticker: CVEO), a resource for investors and traders seeking the latest updates and insights on Civeo Cda stock.
Civeo Corporation reports recurring developments tied to workforce accommodations and hospitality services for natural resource and infrastructure-related workforces in Australia and Canada. The company provides lodging, food service, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications, security and logistics at owned and customer-owned lodges, villages and accommodation facilities.
CVEO news commonly covers quarterly results, Australian village and integrated services activity, Canadian oil sands occupancy and margin trends, cost actions, capital allocation through share repurchases, revolving credit facility amendments and board or shareholder-governance matters. Updates also reference demand from oil, metallurgical coal, liquefied natural gas, iron ore and North American infrastructure markets.
Civeo Corporation (NYSE: CVEO) reported Q3 2020 results with revenues of $142.9 million and net income of $6.5 million. Operating cash flow reached $35.4 million, while Adjusted EBITDA was $36.0 million. Notably, the company completed an amendment to its credit agreement, extending total debt maturity by 18 months to May 30, 2023, and reducing the leverage ratio to 2.16x. Civeo's Australian segment showed strong performance, with revenues of $64.7 million, up 30% year-over-year, driven by increased activity in metallurgical coal. The company also renewed four contracts in Australia worth A$135 million.
Civeo Corporation (NYSE:CVEO) has announced its third quarter 2020 earnings conference call scheduled for October 28 at 10 a.m. Central Time. The company will release its financial and operational results before the market opens on the same day. Interested participants can join the call by dialing 866-548-4713 or 323-794-2093 internationally, and a replay will be available until November 4. Civeo is a leader in hospitality services, operating 28 lodges and villages across Canada, Australia, and the U.S.