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.
Civeo Corporation (NYSE: CVEO) ha riportato risultati finanziari misti per il primo trimestre 2025, con un fatturato di 144,0 milioni di dollari, inferiore alle stime consensuali di 148,1 milioni di dollari. La società ha registrato un EBITDA rettificato di 12,7 milioni di dollari e un utile per azione rettificato di (0,72 dollari). La performance inferiore alle aspettative è stata principalmente attribuita alla debolezza sia nei prezzi che nel volume delle camere fatturate nel segmento canadese, mentre il segmento australiano ha mostrato una solida performance.
CVEO ha aggiornato le previsioni per il 2025 in seguito a una recente acquisizione, prevedendo un fatturato compreso tra 640 e 670 milioni di dollari e un EBITDA rettificato tra 86 e 96 milioni di dollari. Inoltre, la società ha annunciato un aumento dell'autorizzazione al riacquisto di azioni dal 10% al 20% delle azioni in circolazione, sospendendo nel contempo il dividendo trimestrale in contanti.
Civeo Corporation (NYSE: CVEO) reportó resultados financieros mixtos en el primer trimestre de 2025, con ingresos de 144,0 millones de dólares, por debajo de las estimaciones consensuadas de 148,1 millones de dólares. La compañía registró un EBITDA ajustado de 12,7 millones de dólares y una utilidad por acción ajustada de (0,72 dólares). El bajo desempeño se atribuyó principalmente a la debilidad tanto en los precios como en el volumen de habitaciones facturadas en el segmento canadiense, aunque el segmento australiano mostró un desempeño sólido.
CVEO actualizó sus previsiones para 2025 tras una reciente adquisición, proyectando ingresos entre 640 y 670 millones de dólares y un EBITDA ajustado de 86 a 96 millones de dólares. Además, la compañía anunció un aumento en su autorización para recomprar acciones del 10% al 20% de las acciones en circulación, mientras suspende su dividendo trimestral en efectivo.
Civeo Corporation (NYSE: CVEO)는 2025년 1분기 실적에서 매출 1억 4,400만 달러를 기록했으나, 컨센서스 예상치인 1억 4,810만 달러에는 미치지 못하는 혼합된 결과를 발표했습니다. 회사는 조정 EBITDA 1,270만 달러와 조정 주당순이익(EPS) 마이너스 0.72달러를 기록했습니다. 실적 부진은 주로 캐나다 부문의 가격 약세와 청구 객실 수 감소에 기인했으나, 호주 부문은 견고한 실적을 보였습니다.
CVEO는 최근 인수 이후 2025년 가이던스를 업데이트하며 매출을 6억 4,000만~6억 7,000만 달러, 조정 EBITDA를 8,600만~9,600만 달러로 전망했습니다. 또한, 회사는 자사주 매입 한도를 기존 발행 주식의 10%에서 20%로 상향 조정하고 분기별 현금 배당은 중단한다고 발표했습니다.
Civeo Corporation (NYSE : CVEO) a publié des résultats financiers mitigés pour le premier trimestre 2025, avec un chiffre d'affaires de 144,0 millions de dollars, en deçà des estimations consensuelles de 148,1 millions de dollars. La société a enregistré un EBITDA ajusté de 12,7 millions de dollars et un bénéfice par action ajusté de (0,72 dollar). Cette sous-performance est principalement due à une faiblesse des tarifs et du volume de chambres facturées dans le segment canadien, bien que le segment australien ait affiché une performance robuste.
CVEO a mis à jour ses prévisions pour 2025 suite à une acquisition récente, projetant un chiffre d'affaires compris entre 640 et 670 millions de dollars et un EBITDA ajusté de 86 à 96 millions de dollars. Par ailleurs, la société a annoncé une augmentation de son autorisation de rachat d’actions, passant de 10 % à 20 % des actions en circulation, tout en suspendant son dividende trimestriel en espèces.
Civeo Corporation (NYSE: CVEO) meldete gemischte Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 144,0 Millionen US-Dollar, was unter den Konsensschätzungen von 148,1 Millionen US-Dollar lag. Das Unternehmen erzielte ein bereinigtes EBITDA von 12,7 Millionen US-Dollar und ein bereinigtes Ergebnis je Aktie (EPS) von (0,72 US-Dollar). Die unterdurchschnittliche Leistung wurde hauptsächlich auf Schwächen bei den Preisen und dem abgerechneten Zimmervolumen im kanadischen Segment zurückgeführt, während das australische Segment eine starke Performance zeigte.
CVEO aktualisierte seine Prognose für 2025 nach einer kürzlichen Akquisition und erwartet nun einen Umsatz zwischen 640 und 670 Millionen US-Dollar sowie ein bereinigtes EBITDA von 86 bis 96 Millionen US-Dollar. Zudem kündigte das Unternehmen eine Erhöhung der Aktienrückkaufgenehmigung von 10 % auf 20 % der ausstehenden Aktien an und setzte die vierteljährliche Bardividende aus.
- Increased share repurchase authorization from 10% to 20% of shares outstanding
- Robust performance in Australian segment
- Adjusted EBITDA of $12.7M exceeded company estimates of $12.0M
- Revenue of $144.0M missed consensus estimates of $148.1M
- Net loss of $9.8M in Q1 2025
- Weakness in Canadian segment's pricing and billed rooms volume
- Suspension of quarterly cash dividend
Dallas, Texas--(Newsfile Corp. - May 8, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. CVEO reported revenue, adj EBITDA, and adj EPS of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- CVEO revised its 2025 guidance following the most recent acquisition, with revenue between
$640M and$670M and Adj. EBITDA of$86M to$96M . - Reported revenues of
$144.0M , net loss of$9.8M and Adjusted EBITDA of$12.7M . - CVEO announced a share repurchase authorization from
10% to20% of shares outstanding, suspending its quarterly cash dividend.
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
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info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251292
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