{"schema_version":"secwatch.filing_event.v1","accession":"0001590584-24-000032","form_type":"8-K","ticker":"CVEO","cik":"0001590584","company_name":"Civeo Corp","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.725233+00:00","generated_at":"2026-06-05T06:42:31.829031+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Civeo Q4 net income $23M vs loss year ago; FY 2024 EBITDA guidance $80-90M down from $102M","bullets":["Q4 revenue $170.8M (+5.3% YoY); net income $23.0M ($1.55 EPS) vs net loss $13.0M in Q4 2022.","Australia Q4 Adj. EBITDA $21.5M (+64% YoY) on 23% higher billed rooms; Canada Adj. EBITDA $3.4M (-72% YoY) from LNG wind-down.","Total debt cut $66.5M YoY to $65.6M; net leverage 0.6x. Quarterly dividend $0.25/sh declared.","FY 2024 guidance: rev $625-700M, Adj. EBITDA $80-90M (down from $102M in 2023), capex $30-35M.","Completed sale of McClelland Lake Lodge in Jan 2024; majority proceeds received in Q4 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001590584-24-000032","json":"https://secwatch.observer/filing/0001590584-24-000032.json","markdown":"https://secwatch.observer/filing/0001590584-24-000032.md","text":"https://secwatch.observer/filing/0001590584-24-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1590584/000159058424000032/0001590584-24-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1590584/000159058424000032/cveo-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T06:42:31.829031+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a05ca6ff934126c6e5267e9800a79c5a6571d02a","claim":"Civeo Corp reported the quarter ended December 31, 2023 results: revenue $170.8 million, net income $23.0 million, EPS $1.55 per diluted share.","evidence_excerpt":"Civeo generated revenues of $170.8 million and reported net income of $23.0 million, or $1.55 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590584/000159058424000032/0001590584-24-000032-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$170.8 million"},{"label":"Net income","value":"$23.0 million"},{"label":"EPS","value":"$1.55 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f167b287f55847bab89410f1b535f66c3d79dd31","claim":"Civeo Corp reported the year ended December 31, 2023 results: revenue $700.8 million, net income $30.2 million, EPS $2.01 per diluted share.","evidence_excerpt":"the Company reported revenues of $700.8 million and net income of $30.2 million, or $2.01 per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1590584/000159058424000032/0001590584-24-000032-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2023"},{"label":"Revenue","value":"$700.8 million"},{"label":"Net income","value":"$30.2 million"},{"label":"EPS","value":"$2.01 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}