secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2025-07-29T23:59:59+00:00
Accession:  0001590584-25-000117
Event type: earnings
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo Q2 revenue $162.7M, net loss $3.3M; Canadian segment down 37% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058425000117/0001590584-25-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058425000117/cveo-20250729.htm
  HTML page:      https://secwatch.observer/filing/0001590584-25-000117

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