secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001590584-22-000068
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo Q1 revenue $165.7M, net income $0.9M; raises FY2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058422000068/0001590584-22-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058422000068/cveo-20220429.htm
  HTML page:      https://secwatch.observer/filing/0001590584-22-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer