Civeo (CVEO) Reports Q4 Loss of $0.16/sh

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Go back to Civeo (CVEO) Reports Q4 Loss of $0.16/sh

Civeo Reports Fourth Quarter and Full Year 2020 Results

February 26, 2021 6:30 AM EST

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2020.

Highlights include:

Reported fourth quarter revenues of $133.4 million, a net loss of $2.3 million and operating cash flow of $36.7 million; Delivered fourth quarter Adjusted EBITDA of $23.7 million and free cash flow of $33.2 million; Generated $117.4 million of operating cash flow and $111.0 million of free cash flow for the full year 2020; Reduced... More