earnings
confidence high
sentiment positive
materiality 0.75
Civeo Q3 revenue $170.5M, Adj EBITDA $28.8M (up $10M YoY); repurchased 1.05M shares; tightens FY25 guidance
Civeo Corp
2025-Q3 EPS reported
-$1.04
revenue$477,229,000
- Australia segment revenue $124.5M (+7% YoY), Adjusted EBITDA $26.7M (+19% YoY) from May acquisition and higher occupancy.
- Canada segment revenue $46.0M (-20% YoY) but gross margin improved to 22.5% from 13.3% via cost cuts (overhead -23%, field costs -29%).
- Full-year 2025 guidance tightened: revenue $640-655M, Adjusted EBITDA $86-91M; capex unchanged at $20-25M.
- Repurchased 1,051,000 shares for $26.2M (~8% of shares outstanding); 69% of current authorization complete.
- Net loss narrowed to $0.5M ($0.04 diluted EPS) from $5.1M loss ($0.36) in Q3 2024; net debt $175.9M, leverage 2.1x.