---
schema_version: "secwatch.filing_event.v1"
accession: "0001590584-24-000076"
form_type: "8-K"
ticker: "CVEO"
cik: "0001590584"
company_name: "Civeo Corp"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:28:53.830373+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Civeo Q1 net loss $5.1M, revenue $166.1M; Australian segment revenue up 19% YoY

## Summary
- Revenue $166.1M (down 1% YoY from $167.6M); net loss $5.1M vs $6.4M loss in Q1 2023.
- Adjusted EBITDA $17.3M (down from $20.2M); free cash flow $7.2M vs negative $2.1M.
- Canada revenue fell 25% to $67.2M; Australia revenue rose 19% to $91.7M with 43% Adj. EBITDA growth.
- Board declares quarterly dividend of $0.25/share payable June 17 to holders of record May 27.
- FY 2024 guidance unchanged: revenue $625M-$700M, Adj. EBITDA $80M-$90M, capex $30M-$35M.

## SEC filing metadata
- accession: 0001590584-24-000076
- form_type: 8-K
- ticker: CVEO
- cik: 0001590584
- company_name: Civeo Corp
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1590584/000159058424000076/0001590584-24-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1590584/000159058424000076/cveo-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001590584-24-000076
- JSON: https://secwatch.observer/filing/0001590584-24-000076.json
- Plain text: https://secwatch.observer/filing/0001590584-24-000076.txt

## Key facts
- Earnings Releases
  Civeo Corp reported first quarter ended March 31, 2024 results: revenue 166.1 million, net income net loss of $5.1 million, EPS ($0.35) per diluted share.
  - Period: first quarter ended March 31, 2024
  - Revenue: 166.1 million
  - Net income: net loss of $5.1 million
  - EPS: ($0.35) per diluted share
  - Result: reported results
  source text: Civeo generated revenues of $166.1 million and reported a net loss of $5.1 million, or $0.35 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058424000076/0001590584-24-000076-index.htm
- Earnings Releases
  Civeo Corp reported full year 2024 results: revenue 625 million to $700 million. Guidance reaffirmed.
  - Period: full year 2024
  - Revenue: 625 million to $700 million
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Civeo is maintaining its previously provided revenue and Adjusted EBITDA guidance ranges of $625 million to $700 million and $80 million to $90 million, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1590584/000159058424000076/0001590584-24-000076-index.htm

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