Welcome to our dedicated page for Civeo Cda SEC filings (Ticker: CVEO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Civeo Corporation filings document the formal public record for a hospitality services provider serving natural resource regions in Australia and the Canadian oil sands. Its Form 8-K reports furnish quarterly and annual operating results, segment performance, adjusted EBITDA measures, share repurchase activity, investor presentations and material agreements tied to the company's revolving credit facilities.
CVEO proxy and current-report filings also cover board composition, director retirements and appointments, committee assignments, shareholder meeting proposals, executive compensation and cooperation-agreement governance terms. Credit-agreement disclosures describe borrowing subsidiaries, senior secured revolving facility commitments, interest-rate mechanics, maturity dates, leverage-based pricing and related capital-structure obligations.
Engine Capital and affiliated entities disclosed significant common-stock holdings in Civeo Corporation (CVEO). The filing reports three pools of common shares held directly: 1,111,951 by Engine Capital, 112,228 by Engine Jet Capital and 113,935 by Engine Lift Capital, totaling 1,338,114 shares. The report states the reporting persons may be treated as a Section 13(d) group that collectively beneficially owns more than 10% of the issuer's outstanding common stock.
The filing clarifies it was submitted solely because the issuer's outstanding share count decreased and not because the reporting persons acquired additional shares. No derivative securities are reported. The filing identifies the ownership and control relationships among the Engine entities and names Arnaud Ajdler as the managing member through the listed entities.
Civeo’s Q2-25 results weakened materially. Revenue fell 14% YoY to $162.7 million, driving operating income down 79% to $2.8 million and swinging to a net loss of $3.3 million (-$0.25 EPS) versus $8.2 million profit a year ago. Six-month revenue declined 13.6% to $306.7 million and the company posted a $13.2 million loss.
Segment trends diverged. Australian revenue rose 4% (≈7% in constant currency) helped by the May 6 acquisition of Qantac’s four villages (1,340 rooms), but Canadian revenue dropped 37% on lower oil-sands lodge occupancy and the completion of LNG construction activity. Consolidated gross margin narrowed to 21.8% from 24.9%.
Balance sheet & cash flow. The Qantac deal, funded with borrowings, lifted total assets to $508.8 million and long-term debt to $168.7 million (vs. $43.3 million at 12/24). Operating cash flow was a negative $10.8 million; capex $9.8 million; acquisition outlay $64.9 million. Cash ended at $14.6 million. The company remained within credit-facility leverage (≤3×) and interest-coverage covenants.
Capital returns shifted. Quarterly dividends were suspended in April; instead Civeo repurchased 1.0 million shares YTD for $22.5 million (avg. $21.65). Treasury shares now total 438 k.
Outlook factors. Management cites weak Canadian oil-sands demand, lingering inflation and labor shortages, but expects Australian growth from Qantac and new integrated-services contracts. Remaining contracted backlog for multi-year commitments totals $710.8 million.
Civeo’s Q2-25 results weakened materially. Revenue fell 14% YoY to $162.7 million, driving operating income down 79% to $2.8 million and swinging to a net loss of $3.3 million (-$0.25 EPS) versus $8.2 million profit a year ago. Six-month revenue declined 13.6% to $306.7 million and the company posted a $13.2 million loss.
Segment trends diverged. Australian revenue rose 4% (≈7% in constant currency) helped by the May 6 acquisition of Qantac’s four villages (1,340 rooms), but Canadian revenue dropped 37% on lower oil-sands lodge occupancy and the completion of LNG construction activity. Consolidated gross margin narrowed to 21.8% from 24.9%.
Balance sheet & cash flow. The Qantac deal, funded with borrowings, lifted total assets to $508.8 million and long-term debt to $168.7 million (vs. $43.3 million at 12/24). Operating cash flow was a negative $10.8 million; capex $9.8 million; acquisition outlay $64.9 million. Cash ended at $14.6 million. The company remained within credit-facility leverage (≤3×) and interest-coverage covenants.
Capital returns shifted. Quarterly dividends were suspended in April; instead Civeo repurchased 1.0 million shares YTD for $22.5 million (avg. $21.65). Treasury shares now total 438 k.
Outlook factors. Management cites weak Canadian oil-sands demand, lingering inflation and labor shortages, but expects Australian growth from Qantac and new integrated-services contracts. Remaining contracted backlog for multi-year commitments totals $710.8 million.