Civeo Q2 net income $8.2M, Adj. EBITDA $31.3M; Australia revenue up 32% YoY

Civeo Corp

2024-Q2 EPS reported $0.21 revenue$354,833,000

Net income of $8.2M ($0.56 diluted EPS) vs. $4.5M ($0.30) in Q2 2023.
Australia segment revenue $108.6M (+32% YoY); Canada $79.5M (-17% YoY).
Full-year 2024 guidance maintained: revenue $625M-$700M, Adj. EBITDA $80M-$90M.
Declared quarterly dividend of $0.25/share payable Sept 16, 2024; record Aug 26.
Free cash flow of $30.9M; net leverage 0.3x; share repurchases of $6.6M in Q2.

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