earnings
confidence high
sentiment neutral
materiality 0.75
Civeo Q4 rev $159.8M, net income $9.8M; guides FY22 EBITDA $90-95M
Civeo Corp
2021-FY EPS reported
-$0.04
revenue$594,463,000
- Q4 2021 revenue $159.8M (up 20% YoY), net income $9.8M ($0.58 EPS) vs Q4 2020 loss $2.3M ($0.16 loss).
- Full-year 2021 revenue $594.5M, net loss $0.6M ($0.04 loss); Adjusted EBITDA $109.1M vs $108.1M in 2020.
- Total debt reduced to $175.1M (down $76M YoY); net leverage ratio improved to 1.49x from 1.86x at Sep 30.
- FY 2022 guidance: revenue $600-615M, EBITDA $90-95M, capex $20-25M (EBITDA below 2021 level).
- Board authorized a share repurchase program (amount not disclosed); $87.3M free cash flow in 2021.