Civeo (CVEO) Misses Q4 EPS, Revenue Beats

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Go back to Civeo (CVEO) Misses Q4 EPS, Revenue Beats

Civeo Reports Fourth Quarter and Full Year 2022 Results

February 28, 2023 6:30 AM EST

Highlights:

Fourth quarter revenues of $162.2 million, net loss of $13.0 million and operating cash flow of $29.4 million; Fourth quarter Adjusted EBITDA of $15.1 million and free cash flow of $25.8 million; Full year revenues of $697.1 million, net income of $2.2 million and operating cash flow of $91.8 million; Full year 2022 Adjusted EBITDA of $112.8 million and free cash flow of $82.6 million; Repurchased 40% of its outstanding Class A Series 1 preferred shares in the fourth quarter of 2022, which was the equivalent of approximately 6% of the Companys fully diluted common shares outstanding at the time of the... More