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Civeo Corporation - CVEO STOCK NEWS

Welcome to our dedicated page for Civeo Corporation news (Ticker: CVEO), a resource for investors and traders seeking the latest updates and insights on Civeo Corporation stock.

Civeo Corporation (NYSE: CVEO) is a global leader in providing workforce accommodation services, catering primarily to the natural resources industry in Canada, Australia, and the United States. The company offers comprehensive hospitality solutions, ensuring that workers living away from home are comfortable, safe, and productive. Civeo's offerings include lodging, catering and food services, housekeeping, maintenance, and various support services such as laundry, facility management, water and wastewater treatment, power generation, communication systems, security, and logistics.

Operating in regions rich in oil, metallurgical coal, liquefied natural gas, and iron ore, Civeo segments its business into three main geographical areas: Canada, Australia, and the United States. This strategic division allows the company to cater to the specific needs of each region, ensuring seamless operations and high guest satisfaction.

Recent updates from Civeo highlight their continuous efforts in enhancing guest wellbeing and safety through innovative solutions and community partnerships. The company’s unique property development mindset helps in building sustainable and efficient accommodation facilities that meet the highest standards of quality and service.

Latest News:

Dallas, Texas--(Newsfile Corp. - October 30, 2023) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners has recently updated their coverage on Civeo Corporation. Stonegate Capital Partners is a corporate advisory firm dedicated to identifying innovative and undervalued public companies. For further details and access to the full announcement, visit the news section on Civeo’s official website.

For more information, please visit www.civeo.com

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Civeo (CVEO) received an update from Stonegate Capital Partners, highlighting a strong 4.0% dividend yield, a 2.1% increase in Canadian room rates, and a significant 37% year-over-year growth in Australian gross profit.

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Civeo (NYSE:CVEO) reported its first quarter 2024 results, including revenues of $166.1 million, a net loss of $5.1 million, and operating cash flow of $6.0 million. The company delivered Adjusted EBITDA of $17.3 million and free cash flow of $7.2 million. Civeo returned capital to shareholders through a dividend and share repurchase program. The sale of McClelland Lake Lodge was completed in January with ongoing assessment of potential revenue opportunities.
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Civeo (CVEO) has scheduled its first quarter 2024 earnings conference call for April 26th, 2024, to discuss financial and operating results. Investors can join via phone or webcast to learn more.
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Civeo Corporation (CVEO) reported strong financial results for Q4 2023, with revenues of $170.8 million, net income of $23.0 million, and operating cash flow of $40.0 million. Full-year 2023 revenues totaled $700.8 million, with net income of $30.2 million. Adjusted EBITDA for Q4 2023 was $17.4 million and free cash flow was $39.2 million. The company reduced total debt by $37.7 million in Q4 2023. They initiated a quarterly dividend in September 2023 and completed the sale of McClelland Lake Lodge in January 2024.
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Civeo Corporation (CVEO) has scheduled its Q4 2023 earnings conference call for February 29, 2024, to discuss financial and operating results, with a webcast and phone replay options available.
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Civeo Corporation (CVEO) has declared a quarterly cash dividend of $0.25 per common share, payable on March 18, 2024, to shareholders of record as of February 26, 2024. The dividend has been designated as an 'eligible dividend' for the Income Tax Act (Canada).
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Stonegate Capital Partners updates their coverage on Civeo Corporation. GPM increased by approximately 150 basis points year-over-year. McClelland lake sale has been announced. Australian segment revenues increased by 24% year-over-year on a constant currency basis.
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Civeo Corporation reports Q3 2023 financial results, including revenues of $183.6 million, net income of $9.0 million, and operating cash flow of $36.8 million. The company also announces the sale of McClelland Lake Lodge for $36 million. They have reduced total debt by $32.9 million and initiated a quarterly dividend and share repurchase program.
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Civeo Corporation schedules Q3 2023 earnings conference call
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Civeo Corporation announces sale of McClelland Lake Lodge assets for US$36 million, expecting net proceeds of US$30 million. Anticipated gains of approximately US$35 million to be recognized in 2023 and 2024. Possible future opportunities for ancillary services. Expected increase in 2023 cash flow of US$20 million.
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FAQ

What is the current stock price of Civeo Corporation (CVEO)?

The current stock price of Civeo Corporation (CVEO) is $24.53 as of November 18, 2024.

What is the market cap of Civeo Corporation (CVEO)?

The market cap of Civeo Corporation (CVEO) is approximately 343.3M.

What is Civeo Corporation?

Civeo Corporation is a global provider of workforce accommodation services, focusing on the natural resources industry in Canada, Australia, and the United States.

What services does Civeo offer?

Civeo offers lodging, catering, housekeeping, maintenance, laundry, facility management, water and wastewater treatment, power generation, communication systems, security, and logistics services.

In which regions does Civeo operate?

Civeo operates in Canada, Australia, and the United States, primarily in areas rich in oil, metallurgical coal, liquefied natural gas, and iron ore.

How does Civeo ensure guest wellbeing and safety?

Civeo focuses on innovative solutions and community partnerships to maintain high standards of guest wellbeing and safety at their accommodation facilities.

What recent updates are available about Civeo?

Recent updates include Stonegate Capital Partners' coverage update on Civeo Corporation, highlighting its innovative and undervalued public company status.

What is the core business of Civeo?

Civeo's core business is providing comprehensive hospitality services and support for workforce accommodation facilities in the natural resources sector.

What are the main segments of Civeo’s operations?

Civeo’s operations are segmented into three main geographical areas: Canada, Australia, and the United States.

How can I get more information about Civeo?

You can visit Civeo Corporation’s official website at www.civeo.com for more detailed information.

What makes Civeo a leader in workforce accommodation?

Civeo’s focus on guest wellbeing, safety, efficiency, and community partnership, combined with their extensive range of services, makes them a leader in workforce accommodation.

Does Civeo have any strategic partnerships?

Civeo fosters community partnerships as part of its unique approach to building sustainable and efficient accommodation facilities.

Civeo Corporation

NYSE:CVEO

CVEO Rankings

CVEO Stock Data

343.29M
12.42M
9.8%
80.92%
0.65%
Lodging
Hotels, Rooming Houses, Camps & Other Lodging Places
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United States of America
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