---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-22-000136"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:41:45.587014+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Civeo Q3 revenue $184.2M, Adj. EBITDA $35.0M; raises FY22 guidance

## Summary
- Net income $5.2M ($0.32 diluted EPS) vs $0.1M ($0.00) YoY; revenue +19% to $184.2M.
- Adjusted EBITDA $35.0M, up 34% from $26.2M; free cash flow $38.6M.
- Net leverage ratio fell to 0.9x from 1.2x in prior quarter; total debt $126.2M.
- FY22 guidance raised: revenue $675M-$685M, Adj. EBITDA $110M-$115M.
- Board renewed share repurchase authorization of up to 5% of outstanding shares.

## SEC filing metadata
- accession: 0001590584-22-000136
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1590584/000159058422000136/0001590584-22-000136-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000136/cveo-20221028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-22-000136
- JSON: https://secwatch.observer/filing/0001590584-22-000136.json
- Plain text: https://secwatch.observer/filing/0001590584-22-000136.txt

## Key facts
- Earnings Releases
  Civeo Corp reported third quarter ended September 30, 2022 results: revenue $184.2 million, net income $5.2 million, EPS $0.32 per diluted share.
  - Period: third quarter ended September 30, 2022
  - Revenue: $184.2 million
  - Net income: $5.2 million
  - EPS: $0.32 per diluted share
  - Result: reported results
  source text: In the third quarter of 2022, Civeo generated revenues of $184.2 million and reported net income of $5.2 million, or $0.32 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000136/0001590584-22-000136-index.htm
- Earnings Releases
  Civeo Corp reported the full year of 2022 results: revenue $675 million to $685 million. Guidance raised.
  - Period: the full year of 2022
  - Revenue: $675 million to $685 million
  - Guidance: raised
  - Result: guidance update
  source text: For the full year of 2022, Civeo is increasing its previously provided revenue and Adjusted EBITDA guidance range to $675 million to $685 million and $110 million to $115 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058422000136/0001590584-22-000136-index.htm

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