earnings
confidence high
sentiment negative
materiality 0.80
Civeo Q1 revenue falls 13% YoY, net loss widens, cuts 2025 guidance, suspends dividend
Civeo Corp
2025-Q1 EPS reported
-$0.72
revenue$144,044,000
- Q1 revenue $144M (-13% YoY), net loss $9.8M ($0.72 EPS) vs $5.1M loss a year ago.
- Canada segment revenue down 40% to $40.4M; negative Adjusted EBITDA -$0.2M; headcount cut 25%.
- FY2025 guidance lowered: revenue $620-650M, Adjusted EBITDA $75-85M (prev $80-90M).
- Board suspends quarterly dividend; increases share repurchase authorization to 20% from 10%.
- Australian acquisition of four villages on track for Q2 close; Australia revenue up 13% to $103.6M.