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 (NYSE: CVEO) is a hospitality services provider focused on lodging and supporting large workforces in natural resource regions, including the Canadian oil sands and Australian resource areas such as the Bowen Basin. The CVEO news page on Stock Titan aggregates company announcements, third‑party coverage and regulatory updates that reflect how the business is evolving across its core markets.
Readers can find news about Civeo’s financial and operating results, such as quarterly revenue, net income or loss, and Adjusted EBITDA as reported in its earnings press releases. These updates often include commentary on segment performance in Canada, Australia and the United States, as well as discussions of occupancy trends at lodges and villages, cost reduction efforts and capital expenditure plans related to the company’s accommodation assets.
Civeo’s news flow also features information on contract activity and strategic moves. The company has reported multi‑year contract renewals and awards in the Australian Bowen Basin with metallurgical coal producers, including room and integrated services contracts that cover catering, cleaning and maintenance at villages. It has also announced acquisitions of villages in the Bowen Basin and described how these transactions expand its presence in that region.
Corporate and governance developments appear in the news as well. Civeo has disclosed share repurchase activity under its Board‑authorized program and has announced a cooperation agreement with Engine Capital LP that includes the appointment of new directors and related Board committee assignments.
Investors and analysts can use the CVEO news page to follow these recurring themes: earnings releases, contract wins and renewals, acquisitions of accommodation assets, cost and efficiency initiatives, capital allocation decisions and Board or governance updates. Regularly reviewing this news stream helps contextualize Civeo’s operations in the Canadian oil sands, Australian natural resource regions and other markets it serves.
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Civeo Corporation (NYSE:CVEO) has announced its first quarter 2023 earnings conference call scheduled for April 28, 2023, at 10:00 a.m. Central Time. Financial results for the quarter will be released prior to the market opening on the same day. The call will cover key operating metrics and financial performance details.
Investors can participate by dialing 877-423-9813 within the U.S. or 201-689-8573 internationally. A replay will be available until May 5, 2023. The call will also be accessible via a webcast on Civeo's Investor Relations website, requiring participants to log in 10 minutes in advance.
Civeo is a leading provider of hospitality services, operating 26 lodges and villages with approximately 28,000 rooms in Canada, Australia, and the U.S., primarily serving the oil sands and natural resource sectors.
Civeo Corporation (CVEO) reported its fourth quarter and full-year 2022 results, achieving revenues of $162.2 million for Q4 and $697.1 million for the year, despite a net loss of $13.0 million in Q4. The company generated $25.8 million in free cash flow in Q4, with a full-year free cash flow of $82.6 million. Civeo repurchased 40% of its Class A preferred shares, converting the remainder into common shares. Notably, Civeo secured two five-year contracts in Australia, projected to yield approximately A$937 million in revenues. Although the company faced headwinds from currency fluctuations and inflation, it reduced net leverage to 1.1x and maintained liquidity of $104.1 million.
Civeo Corporation (NYSE:CVEO) has announced its fourth quarter 2022 earnings conference call scheduled for February 28, 2023, at 10:00 a.m. Central Time. The financial and operating results will be disclosed before the market opens on the same day. Interested parties can participate by dialing 877-423-9813 in the U.S. or 201-689-8573 internationally, using conference ID 13736531#. A replay will be available until March 7. Civeo is a prominent provider of hospitality services, focusing on accommodations and support for workers in resource-rich regions of Canada, Australia, and the U.S.
Civeo Corporation (NYSE: CVEO) announced a five-year contract with a major metallurgical coal producer to provide rooms and hospitality services in Australia. This expanded contract increases accommodation at Moranbah and is expected to generate around A$337 million in total revenues from 2023 to 2027. Civeo's President, Bradley Dodson, expressed confidence in ongoing customer activity in a favorable commodity price environment, anticipating continued demand in 2023.
Civeo Corporation (NYSE: CVEO) announced a five-year contract with a major resources player to deliver integrated services at six villages in Western Australia, effective October 1, 2022. This contract is projected to generate approximately A$600 million in revenue from 2022 to 2027, bolstering the company's EBITDA guidance of US$110 - $115 million for full year 2022. The agreement expands upon a prior contract covering four villages and includes options for two additional years. Civeo emphasizes its commitment to high-quality service and strengthening customer relationships.
Civeo Corporation (NYSE:CVEO) has announced a plan to repurchase 40% of its outstanding Class A Series 1 preferred shares, equating to approximately 999,000 common shares or 6% of its fully diluted shares. This acquisition, costing about
Civeo Corporation (NYSE:CVEO) reported third quarter 2022 results showing revenues of $184.2 million and net income of $5.2 million, marking an increase from $155.1 million in Q3 2021. Adjusted EBITDA rose to $35 million with free cash flow of $38.6 million. Significant operational improvements were attributed to a recovery in Canadian lodge occupancy and mobile camp activities. The company reduced its net leverage ratio to 0.9x and renewed its buyback authorization for 5% of common shares. Revenue guidance for 2022 was increased to $675-$685 million.
Civeo Corporation (NYSE:CVEO) has scheduled its third quarter 2022 earnings conference call for October 28, 2022, at 10:00 a.m. Central Time. The financial and operating results will be disclosed before market opening on the same day. Investors can join the call by dialing 877-423-9813 in the U.S. or 201-689-8573 internationally. It will also be available via a webcast on Civeo's Investor Relations website. A replay of the call will be accessible until November 4, 2022.
Civeo Corporation (NYSE:CVEO) has renewed its share repurchase authorization, allowing it to buy back up to 5% of its total common shares outstanding over the next twelve months. The company plans to fund these repurchases through cash on hand and generated cash from operations. In the past year, Civeo repurchased approximately 715,000 shares and aims to continue acquiring its common shares opportunistically. This move reflects Civeo's strategy to enhance shareholder value.