Civeo (CVEO) Tops Q2 EPS by 13c, Revenues Beat
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Civeo Reports Second Quarter 2020 Results
July 29, 2020 6:30 AM EDTHOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the second quarter ended June 30, 2020.
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; and Reduced leverage ratio to 2.34x as of June 30, 2020 from 2.54x as of March 31, 2020.I am pleased with the financial... More
