earnings
confidence high
sentiment positive
materiality 0.75
Civeo reports Q4 Adj. EBITDA $21.7M; full-year Adj. EBITDA $88.2M; new 10% buyback auth.
Civeo Corp
- Q4 2025 revenue $161.6M, net loss $6.5M (-$0.56/diluted); Adj. EBITDA $21.7M vs $11.4M YoY.
- Full year 2025 revenue $638.8M, Adj. EBITDA $88.2M; Australian segment record annual revenue $460.3M.
- Repurchased 2.3M shares (~$54M) in 2025 (17% of shares); new 10% repurchase auth after current program completes.
- Canada segment margins improved: Adj. EBITDA went from -$5.4M (Q4 2024) to +$3.4M (Q4 2025) on cost cuts.
- FY 2026 guidance: revenue $650-700M, Adj. EBITDA $85-90M, capex $25-30M; new 4-year Ontario meals contract.