Civeo (CVEO) Reports In-Line Q1 Loss; Guides Q3, FY16
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Civeo Corporation Reports Second Quarter 2016 Results
July 28, 2016 5:03 PM EDTHOUSTON, July 28, 2016 (GLOBE NEWSWIRE) -- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the second quarter ended June 30, 2016.
Highlights include:Â Â Â Â Â
Successfully and safely served our customers, first-responders and evacuees through the devastating Ft. McMurray forest fires in Alberta, CanadaFinancial results by each division and on a consolidated basis exceeded initial expectations as the Company continued its cost control diligence and experienced higher occupancy in Canada after the Ft. McMurray forest firesReduced debt by $17 millionSecured new contracts totaling $21 million... More