Civeo (CVEO) Misses Q3 EPS by 29c
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Civeo Reports Third Quarter 2021 Results
October 28, 2021 6:30 AM EDTHOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and operating results for the third quarter ended September 30, 2021.
Highlights include:
Reported third quarter revenues of $155.1 million, net income of $0.1 million and operating cash flow of $33.9 million; Delivered third quarter Adjusted EBITDA of $26.2 million and free cash flow of $31.0 million; Reduced net leverage ratio to 1.86x as of September 30, 2021 from 1.98x as of June 30, 2021; Completed a replacement and refinancing of its entire credit agreement to, among other things, extend the maturity... More