Civeo (CVEO) Tops Q3 EPS by 4c, Revenues Beat
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Civeo Reports Third Quarter 2019 Results
October 25, 2019 6:30 AM EDTHOUSTON & CALGARY--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the third quarter ended September 30, 2019.
Highlights include:
Reported third quarter revenues of $148.2 million, net income of $4.5 million and operating cash flow of $23.6 million Delivered third quarter Adjusted EBITDA of $36.2 million, up 62% year-over-year, and free cash flow of $20.3 million Reduced leverage ratio from 4.26x as of June 30, 2019 to 3.52x as of September 30, 2019 Completed strategic acquisition of Action Industrial Catering... More