---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-22-000007"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2022-02-28T23:59:59+00:00"
generated_at: "2026-06-27T03:38:24.756593+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo Q4 rev $159.8M, net income $9.8M; guides FY22 EBITDA $90-95M

## Summary
- 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.

## SEC filing metadata
- accession: 0001590584-22-000007
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2022-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000007/0001590584-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000007/cveo-20220228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-22-000007
- JSON: https://secwatch.observer/filing/0001590584-22-000007.json
- Plain text: https://secwatch.observer/filing/0001590584-22-000007.txt

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