Civeo (CVEO) Misses Q1 EPS by 80c
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Civeo Reports First Quarter 2020 Results
May 7, 2020 6:30 AM EDTHOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the first quarter ended March 31, 2020.
Highlights include:
Reported first quarter revenues of $138.8 million, net loss of $146.5 million and operating cash flow of $20.8 million; the net loss for the first quarter of 2020 included the impact of approximately $144.1 million in non-cash goodwill and asset impairments Delivered first quarter Adjusted EBITDA of $20.3 million, and free cash flow of $18.3 million Reduced leverage ratio from 2.98x as of... More