secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001590584-22-000136
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058422000136/0001590584-22-000136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058422000136/cveo-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001590584-22-000136

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