Civeo Q4 net loss $13M; full-year adj. EBITDA $112.8M; 2023 guidance issued

Civeo Corp

2022-FY EPS reported -$0.21 revenue$697,052,000

Q4 revenue $162.2M, net loss $13.0M ($1.31/diluted share); adj. EBITDA $15.1M.
Full-year 2022 revenue $697.1M, net income $2.2M; adj. EBITDA $112.8M vs $109.1M in 2021.
2023 guidance: revenue $630-650M, EBITDA $85-95M, capex $25-30M.
Australia won two five-year contracts with expected revenue ~A$937M.
Repurchased 40% of preferred shares in Q4; remaining converted to common; net leverage 1.1x.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Civeo Corp reported financial results for fourth quarter and year ended December 31, 2022.

Period: fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 28, 2023, Civeo Corporation (“Civeo”) issued a press release announcing its financial condition and results of operations as of and for the quarter and year ended December 31, 2022.

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Civeo Corp filing history →

Source: SEC EDGAR

accession 0001590584-23-000036

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