secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001590584-25-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo reports Q4 net loss $15.1M; Canada segment revenue down 44% YoY
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- Q4 2024 revenue $151.0M (from $170.8M YoY); net loss $15.1M vs net income $23.0M.
- Full year 2024 revenue $682.1M, net loss $17.1M; Adj EBITDA $79.9M from $106.5M in 2023.
- Australia segment revenue up 23% YoY to $110.0M; Canada segment revenue down 44% to $40.7M.
- FY2025 guidance: revenue $630-660M, Adj EBITDA $80-90M; Australian village acquisition expected Q2 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058425000025/0001590584-25-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058425000025/cveo-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001590584-25-000025

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