secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001590584-24-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058424000125/0001590584-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058424000125/cveo-20240730.htm
  HTML page:      https://secwatch.observer/filing/0001590584-24-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer