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
Civeo Corporation (NYSE:CVEO) has announced its first quarter 2023 earnings conference call scheduled for April 28, 2023, at 10:00 a.m. Central Time. Financial results for the quarter will be released prior to the market opening on the same day. The call will cover key operating metrics and financial performance details.
Investors can participate by dialing 877-423-9813 within the U.S. or 201-689-8573 internationally. A replay will be available until May 5, 2023. The call will also be accessible via a webcast on Civeo's Investor Relations website, requiring participants to log in 10 minutes in advance.
Civeo is a leading provider of hospitality services, operating 26 lodges and villages with approximately 28,000 rooms in Canada, Australia, and the U.S., primarily serving the oil sands and natural resource sectors.
Civeo Corporation (CVEO) reported its fourth quarter and full-year 2022 results, achieving revenues of $162.2 million for Q4 and $697.1 million for the year, despite a net loss of $13.0 million in Q4. The company generated $25.8 million in free cash flow in Q4, with a full-year free cash flow of $82.6 million. Civeo repurchased 40% of its Class A preferred shares, converting the remainder into common shares. Notably, Civeo secured two five-year contracts in Australia, projected to yield approximately A$937 million in revenues. Although the company faced headwinds from currency fluctuations and inflation, it reduced net leverage to 1.1x and maintained liquidity of $104.1 million.
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