---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-21-000114"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T16:48:40.494011+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Civeo Q3 revenues rise 8.5% to $155.1M but net income falls to $0.1M; raises FY guidance lower end

## Summary
- Q3 revenues $155.1M vs $142.9M YoY; net income $0.1M ($0.00 diluted EPS) vs $6.5M ($0.39) in Q3 2020.
- Adjusted EBITDA $26.2M vs $36.0M YoY; free cash flow $31.0M vs $34.4M.
- Canadian segment Adj EBITDA $19.8M (down from $21.3M, lacked prior $3.6M CEWS); Australian Adj EBITDA $14.8M (down 31% YoY) due to higher labor costs.
- Total debt reduced to $195.2M; net leverage 1.86x. Raised FY2021 revenue guidance to $570-$580M and Adj EBITDA to $95-$100M.
- Board authorized share repurchase of up to 5% (~715,000 shares) over 12 months; completed credit facility refinancing to Sept 2025.

## SEC filing metadata
- accession: 0001590584-21-000114
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058421000114/0001590584-21-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058421000114/cveo-20211028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-21-000114
- JSON: https://secwatch.observer/filing/0001590584-21-000114.json
- Plain text: https://secwatch.observer/filing/0001590584-21-000114.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.