Civeo (CVEO) Tops Q3 EPS by 4c

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Go back to Civeo (CVEO) Tops Q3 EPS by 4c

Civeo Announces Third Quarter 2015 Results

November 2, 2015 6:00 AM EST

HOUSTON, Nov. 2, 2015 (GLOBE NEWSWIRE) -- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the third quarter ended September 30, 2015. Highlights include:

- Delivered solid operating cash flows after capital expenditures of $61 million in the third quarter, driven by cost containment, capital discipline and working capital efficiency;

- Reduced total debt outstanding by 46% to $416 million, down from $775 million at the end of the prior quarter;

- Completed the Company's migration to Canada and refinancing in the third quarter, allowing for a more efficient operating and financial structure;... More