Civeo Reports Second Quarter 2020 Results
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Civeo (CVEO) Tops Q2 EPS by 13c, Revenues Beat
July 29, 2020 6:39 AM EDTCiveo (NYSE: CVEO) reported Q2 EPS of $0.03, $0.13 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $114.7 million versus the consensus estimate of $89.2 million.
Highlights include:
Reported second quarter revenues of $114.7 million, net income of $6.1 million and operating cash flow of $24.5 million;Delivered second quarter Adjusted EBITDA of $28.1 million and free cash flow of $25.1 million; andReduced leverage ratio to 2.34x as of June 30, 2020 from 2.54x as of March 31, 2020.I am pleased with the financial performance of the Company in the second... More
