Civeo (CVEO) Reports Q1 EPS of $0.03, Offers Guidance

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Go back to Civeo (CVEO) Reports Q1 EPS of $0.03, Offers Guidance

Civeo Announces First Quarter 2015 Earnings

April 29, 2015 7:31 PM EDT

Strong operating cash flows after capital expenditures driven by cost containment and capital discipline Announcing receipt of necessary lender commitments to amend credit facility, expanding leverage covenants and allowing for planned migration to Canada Civeo's focus remains on maximizing occupancy and revenues, reducing costs and limiting capital spending

HOUSTON, April 29, 2015 (GLOBE NEWSWIRE) -- Civeo Corporation (NYSE: CVEO) today reported financial results for the first quarter ended March 31, 2015.

Bradley J. Dodson, President and Chief Executive Officer of Civeo, said, "We are pleased with our results for the... More