earnings
confidence high
sentiment negative
materiality 0.78
Civeo Q2 revenue $162.7M, net loss $3.3M; Canadian segment down 37% YoY
Civeo Corp
2025-Q2 EPS reported
-$0.98
revenue$306,738,000
- Q2 rev $162.7M (down 14% YoY); net loss $3.3M vs net income $8.2M in Q2 2024.
- Adjusted EBITDA $25.0M vs $31.9M; negative operating cash flow $2.3M.
- Repurchased 883k shares for $19.1M at avg $21.64/share (~7% of shares outstanding).
- Canadian segment rev fell 37% to $50.0M on customer cuts; two lodges in cold-closure.
- FY2025 guidance maintained: rev $640-670M, Adj EBITDA $86-96M, capex $20-25M.
item 2.02item 9.01