Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2023 Q2

Rhea-AI Summary

Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation, reporting positive free cash flow year to date, raised full year EBITDA guidance, and a 30% year-over-year increase in Australian segment revenues.

Positive

• Positive free cash flow year to date
• Raised full year EBITDA guidance at the midpoint
• Australian segment revenues up 30% Y/Y on a constant currency basis

Negative

• None.

Dallas, Texas--(Newsfile Corp. - July 31, 2023) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. The full report can be accessed by clicking on the following link: Civeo Q2 2023 Report

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

• FCF positive YTD
• Raised full year EBITDA guidance at the midpoint
• Australian segment revenues up 30% Y/Y on a constantcurrency basis

Click image above to view full announcement.

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About Stonegate Capital Partners
Stonegate Capital Partners is a Dallas-based corporate advisory firm dedicated to serving the specialized needs of small-cap public companies. Since our inception, our mission has been to find innovative, undervalued public companies for our network of leading institutional investors who seek high-quality investment opportunities.

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/175553

FAQ

What is the latest update on Civeo Corporation (NYSE: CVEO) from Stonegate Capital Partners?

Stonegate Capital Partners has updated their coverage on Civeo Corporation, reporting positive free cash flow year to date, raised full year EBITDA guidance, and a 30% year-over-year increase in Australian segment revenues.

Where can I access the full report on Civeo Q2 2023?

The full report can be accessed by clicking on the following link: Civeo Q2 2023 Report

What are the key takeaways from the recent announcement regarding Civeo Corporation?

The key takeaways include positive free cash flow year to date, raised full year EBITDA guidance at the midpoint, and a 30% year-over-year increase in Australian segment revenues on a constant currency basis.