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Stock impact report

Civeo Reports Fourth Quarter and Full Year 2023 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
full year 2023 revenues of $700.8 million, net income of $30.2 million and operating cash flow of $96.6 million; Reported fourth quarter 2023 Adjusted EBITDA of $17.4 million and free cash flow of $39.2 million, with full year 2023 Adjusted EBITDA of $102.0 million and free cash flow of $81.7 million; Reduced total debt in the fourth quarter by $37.7 million to $65.6 million as of December 31, 2023; Initiated regular quarterly dividend in September 2023 and continued opportunistic share repurchases, resulting in the return of 23% of 2023 free cash flow to shareholders; and Completed the previously announced sale of McClelland Lake Lodge in January 2024, with additional potential associated revenue opportunities under consideration. HOUSTON & CALGARY, Canada, February 29, 2024 BUSINESS WIRE )--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2023. "We ended 2023 in a solid financial position. Our Show less Read more
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