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Stock impact report

Civeo Reports First Quarter 2024 Results [Yahoo! Finance]

Civeo Corporation (Canada) Common Shares (CVEO) 
Last civeo corporation (canada) common shares earnings: 10/25 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.civeo.com
Company Research Source: Yahoo! Finance
Delivered Adjusted EBITDA of $17.3 million and free cash flow of $7.2 million; Continued to return capital to shareholders through the quarterly dividend and share repurchase program; and Completed the previously announced sale of McClelland Lake Lodge in January and continue to assess additional potential associated revenue opportunities. HOUSTON & CALGARY, Canada, April 26, 2024 BUSINESS WIRE )--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the first quarter ended March 31, 2024. "Through continued safe and effective operations, our first quarter 2024 results were in line with expectations. The first quarter results were highlighted by the significant year-over-year improvement in our Australian segment with revenues up 19%, operating income up 22% and Adjusted EBITDA up 43% as a result of increased activity related to new contract awards as well as improved margins, up 360 basis points year-over-year. The year-over-year improvements in Au Show less Read more
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