earnings
confidence high
sentiment positive
materiality 0.75
Civeo Q1 revenue $165.7M, net income $0.9M; raises FY2022 guidance
Civeo Corp
2022-Q1 EPS reported
$0.06
revenue$165,678,000
- Revenue $165.7M (+32% YoY); net income $0.9M vs loss of $10.0M; diluted EPS $0.06 vs ($0.70).
- Adj. EBITDA $25.6M vs $16.2M YoY; raises 2022 revenue guidance to $660-$675M and Adj EBITDA to $95-$102M.
- Canadian rev $96.0M (+55% on constant currency); Adj EBITDA $17.2M (+59% YoY) on higher billed rooms.
- Australian rev $63.5M (+14% cc); Adj EBITDA $15.4M (+21% YoY) on higher Bowen Basin occupancy.