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.
Civeo Corporation (NYSE:CVEO) has scheduled its third quarter 2021 earnings conference call for October 28, 2021, at 10:00 a.m. Central Time. The financial and operating results for the quarter will be released prior to market opening on the same day. Investors can join the call by phone or via webcast, with a replay available until November 4th. Civeo is a leading provider of hospitality services, operating 28 lodges across Canada, Australia, and the U.S. with approximately 30,000 rooms.
Civeo Corporation (NYSE:CVEO) has completed a refinancing of its credit agreement, significantly reducing its Canadian term loan from C$216 million to C$100 million. This new agreement, which matures on September 8, 2025, comprises a Canadian term loan and three revolving credit facilities. It increases the total revolving commitment to US$200 million and adjusts the maximum leverage ratios, which will decrease over the next two years. Civeo aims to use this structure for enhanced free cash flow and debt reduction while exploring growth opportunities.
Civeo Corporation (NYSE:CVEO) has authorized a share repurchase program for up to 715,000 common shares, representing 5% of its outstanding shares. This initiative will be funded through cash on hand and operational cash flow. CEO Bradley J. Dodson expressed confidence in the company's future, citing this buyback as an opportunity to enhance shareholder value while maintaining a focus on debt reduction. The program aligns with Canadian securities regulations and reflects the board's commitment to returning capital to shareholders.
Civeo Corporation (NYSE:CVEO) reported its Q2 2021 financial results, with revenues of $154.2 million and a net loss of $0.5 million. Adjusted EBITDA was $32.2 million, and free cash flow stood at $13.7 million. The company reduced its total debt to $226.8 million from $238.1 million in the previous quarter. The Canadian segment showed significant improvement with revenues of $83.3 million, while the Australian segment faced challenges with a $2.7 million operating loss due to asset impairments. Full-year 2021 guidance remains unchanged for revenues between $555 million and $580 million.
Civeo Corporation (NYSE:CVEO) has announced its second quarter 2021 earnings conference call scheduled for July 30 at 10:00 a.m. CT. The call will discuss the financial results which will be released before the market opens on the same day. Interested participants can join by phone or webcast, with details provided. Civeo, a key player in hospitality for the Canadian oil sands and Australian resource regions, operates 28 lodges providing essential services to workers, supporting around 30,000 rooms. For more, visit www.civeo.com.
Civeo Corporation (NYSE:CVEO) has appointed Jay Grewal and Michael Montelongo to its Board of Directors, effective August 15, 2021. Grewal, previously CEO of Manitoba Hydro, will serve on the Audit and Finance Committees, while Montelongo, former CEO of GRC Advisory Services, will join the Compensation and Governance Committees. Their extensive leadership experience in the energy and service industries is expected to aid Civeo's growth strategy in the Canadian market and enhance its managed services and ESG initiatives.
Civeo Corporation (NYSE:CVEO) reported a Q1 2021 revenue of $125.4 million with a net loss of $10.0 million, translating to $0.70 per diluted share. Despite challenging macroeconomic factors, Civeo reduced total debt to $238.1 million and generated free cash flow of $16.1 million. The Canadian segment saw revenue drop due to reduced occupancy, while the Australian segment experienced a soft quarter attributed to labor sourcing issues. The company increased its full-year 2021 revenue and Adjusted EBITDA guidance to $555-$580 million and $90-$100 million, respectively.
Civeo Corporation (NYSE:CVEO) will hold its first quarter 2021 earnings conference call on April 30, 2021, at 10:00 a.m. CT. The financial and operational results will be announced before the market opens that day. Shareholders can join the call by dialing 800-263-0877 in the U.S. or 646-828-8143 internationally. A replay will be available until May 7, 2021. Civeo provides hospitality services mainly in the Canadian oil sands and Australian natural resources sectors, operating 28 lodges with around 30,000 rooms.
Civeo Corporation (NYSE:CVEO) reported its Q4 and full-year 2020 results, showing revenues of $133.4 million in Q4 with a net loss of $2.3 million. Full-year revenues reached $529.7 million, resulting in a net loss of $136.1 million. Operationally, the company generated $36.7 million in Q4 operating cash flow and $111 million for the year. Civeo improved its leverage ratio to 2.11x and renewed key contracts in Australia, contributing to expected 2021 revenues of $555-$565 million. Despite challenges in Canadian and U.S. segments, the Australian segment showed growth.
Civeo Corporation (NYSE:CVEO) will hold its fourth quarter and full year 2020 earnings conference call on February 26, 2021, at 10:00 a.m. Central Time. The financial and operational results will be disclosed before the market opens on the same day. Interested parties can join the call via phone or webcast through Civeo's Investor Relations website. A replay of the conference call will be available until March 5, 2021. Civeo is a leading provider of hospitality services in the Canadian oil sands and Australian natural resource sectors, operating 28 lodges with approximately 30,000 rooms.