Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q4
Civeo (NYSE: CVEO) has received an updated coverage from Stonegate Capital Partners for Q4 2024. The company demonstrated strong free cash flow generation of $68.4M in FY24, with guidance for 2025 FCF between $30M to $40M.
Key developments include securing a six-year, A$1.4B integrated services contract renewal across eleven villages and completing a strategic acquisition of four villages in the Bowen Basin valued at ~$67M. The company's 2025 guidance projects revenue between $630M to $660M and adjusted EBITDA of $80M to $90M.
While facing challenges in the Canadian segment, Civeo maintains a strong position through disciplined capital allocation, robust balance sheet, and continued Australian expansion, positioning itself for long-term shareholder value creation.
Civeo (NYSE: CVEO) ha ricevuto una copertura aggiornata da Stonegate Capital Partners per il quarto trimestre del 2024. L'azienda ha dimostrato una forte generazione di flusso di cassa libero di 68,4 milioni di dollari nell'anno fiscale 2024, con previsioni per il 2025 di flusso di cassa libero compreso tra 30 milioni e 40 milioni di dollari.
Sviluppi chiave includono il rinnovo di un contratto integrato di servizi di sei anni del valore di 1,4 miliardi di dollari australiani in undici villaggi e il completamento di un'acquisizione strategica di quattro villaggi nel Bowen Basin valutata circa 67 milioni di dollari. Le previsioni dell'azienda per il 2025 indicano ricavi compresi tra 630 milioni e 660 milioni di dollari e un EBITDA rettificato di 80 milioni a 90 milioni di dollari.
Nonostante le sfide nel segmento canadese, Civeo mantiene una posizione forte attraverso un'allocazione disciplinata del capitale, un bilancio robusto e un'espansione continua in Australia, posizionandosi per la creazione di valore a lungo termine per gli azionisti.
Civeo (NYSE: CVEO) ha recibido una cobertura actualizada de Stonegate Capital Partners para el cuarto trimestre de 2024. La compañía demostró una fuerte generación de flujo de caja libre de 68,4 millones de dólares en el año fiscal 2024, con una guía para el flujo de caja libre de 2025 entre 30 millones y 40 millones de dólares.
Los desarrollos clave incluyen la renovación de un contrato de servicios integrados de seis años por un valor de 1,4 mil millones de dólares australianos en once aldeas y la finalización de una adquisición estratégica de cuatro aldeas en la cuenca de Bowen valorada en aproximadamente 67 millones de dólares. Las proyecciones de la compañía para 2025 indican ingresos entre 630 millones y 660 millones de dólares y un EBITDA ajustado de 80 millones a 90 millones de dólares.
A pesar de enfrentar desafíos en el segmento canadiense, Civeo mantiene una posición fuerte a través de una asignación disciplinada de capital, un balance robusto y una continua expansión en Australia, posicionándose para la creación de valor a largo plazo para los accionistas.
Civeo (NYSE: CVEO)는 2024년 4분기에 대한 Stonegate Capital Partners의 업데이트된 커버리지를 받았습니다. 이 회사는 2024 회계연도에 6,840만 달러의 강력한 자유 현금 흐름을 생성했으며, 2025년 자유 현금 흐름에 대한 가이드는 3천만에서 4천만 달러 사이입니다.
주요 개발 사항으로는 11개 마을에서 14억 호주 달러 규모의 6년 통합 서비스 계약 갱신을 확보하고, 약 6,700만 달러에 해당하는 Bowen Basin의 4개 마을에 대한 전략적 인수 완료가 포함됩니다. 회사의 2025년 가이드는 6억 3천만에서 6억 6천만 달러 사이의 수익과 8천만에서 9천만 달러의 조정된 EBITDA를 예측합니다.
캐나다 부문에서 도전 과제가 있지만, Civeo는 자본 할당의 엄격함, 강력한 재무 상태, 그리고 호주에서의 지속적인 확장을 통해 강한 위치를 유지하며, 장기적인 주주 가치를 창출할 수 있도록 자리잡고 있습니다.
Civeo (NYSE: CVEO) a reçu une couverture mise à jour de Stonegate Capital Partners pour le quatrième trimestre 2024. L'entreprise a démontré une forte génération de flux de trésorerie libre de 68,4 millions de dollars pour l'exercice 2024, avec des prévisions pour 2025 de flux de trésorerie libre compris entre 30 millions et 40 millions de dollars.
Les développements clés incluent la sécurisation d'un renouvellement de contrat de services intégrés de six ans d'une valeur de 1,4 milliard de dollars australiens dans onze villages et l'achèvement d'une acquisition stratégique de quatre villages dans le bassin de Bowen, évaluée à environ 67 millions de dollars. Les prévisions de l'entreprise pour 2025 projettent des revenus compris entre 630 millions et 660 millions de dollars et un EBITDA ajusté de 80 millions à 90 millions de dollars.
Bien que Civeo fasse face à des défis dans le segment canadien, l'entreprise maintient une position solide grâce à une allocation de capital disciplinée, un bilan robuste et une expansion continue en Australie, se positionnant pour la création de valeur à long terme pour les actionnaires.
Civeo (NYSE: CVEO) hat eine aktualisierte Berichterstattung von Stonegate Capital Partners für das vierte Quartal 2024 erhalten. Das Unternehmen zeigte eine starke Generierung von freiem Cashflow in Höhe von 68,4 Millionen US-Dollar im Geschäftsjahr 2024, mit einer Prognose für 2025 von freiem Cashflow zwischen 30 Millionen und 40 Millionen US-Dollar.
Zu den wichtigsten Entwicklungen gehören die Sicherung eines sechsjährigen integrierten Dienstleistungsvertrags im Wert von 1,4 Milliarden australischen Dollar in elf Dörfern sowie der Abschluss einer strategischen Übernahme von vier Dörfern im Bowen Basin im Wert von rund 67 Millionen US-Dollar. Die Prognose des Unternehmens für 2025 geht von Einnahmen zwischen 630 Millionen und 660 Millionen US-Dollar und einem bereinigten EBITDA von 80 Millionen bis 90 Millionen US-Dollar aus.
Obwohl Civeo im kanadischen Segment vor Herausforderungen steht, behält das Unternehmen eine starke Position durch disziplinierte Kapitalallokation, eine robuste Bilanz und eine fortgesetzte Expansion in Australien, wodurch es sich für die langfristige Wertschöpfung für die Aktionäre positioniert.
- Strong FCF generation of $68.4M in FY24
- Secured A$1.4B six-year contract renewal for eleven villages
- Strategic acquisition of four villages in Bowen Basin worth $67M
- Projected 2025 revenue of $630M-$660M
- Adjusted EBITDA guidance of $80M-$90M for 2025
- Reduced FCF guidance for 2025 ($30M-$40M vs $68.4M in 2024)
- Challenges reported in Canadian segment
Dallas, Texas--(Newsfile Corp. - February 28, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Despite challenges in the Canadian Segment, CVEO remains a strong free cash flow generator, reporting
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- Awarded a six-year, A
$1.4B integrated services contract renewal at eleven villages. - Executed a strategic acquisition in the Bowen Basin, purchasing four villages, valued at ~
$67M . - Announced 2025 guidance with revenue projected to range from
$630M to$660M and adj. EBITDA between$80M and$90M .
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242811
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