Civeo (CVEO) Misses Q2 EPS by 1c

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Go back to Civeo (CVEO) Misses Q2 EPS by 1c

Civeo Reports Second Quarter 2023 Results

July 28, 2023 6:30 AM EDT

Second Quarter Highlights include:

Reported second quarter revenues of $178.8 million, net income of $4.5 million and operating cash flow of $19.4 million; Delivered second quarter Adjusted EBITDA of $31.6 million and free cash flow of $12.9 million; Recorded highest quarterly occupancy in Civeos Australian owned-villages since 2014; and Reduced debt and continued to return capital to shareholders through the share repurchase program.

HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)-- Civeo Corporation (NYSE: CVEO) today reported financial and... More