Civeo (CVEO) Tops Q2 EPS by 14c

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Go back to Civeo (CVEO) Tops Q2 EPS by 14c

Civeo Reports Second Quarter 2021 Results

July 30, 2021 6:30 AM EDT

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the second quarter ended June 30, 2021.

Highlights include:

Reported second quarter revenues of $154.2 million, a net loss of $0.5 million and operating cash flow of $16.5 million; Delivered second quarter Adjusted EBITDA of $32.2 million and free cash flow of $13.7 million; and Reduced total debt to $226.8 million as of June 30, 2021 from $238.1 million as of March 31, 2021.

In the second quarter of 2021, we once again stuck to our objectives of operating safely,... More