secwatch.observer — SEC 8-K summary
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Issuer:     Civeo Corp (CVEO)
CIK:        0001590584
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001590584-26-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Civeo reports Q4 Adj. EBITDA $21.7M; full-year Adj. EBITDA $88.2M; new 10% buyback auth.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000017/0001590584-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1590584/000159058426000017/cveo-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001590584-26-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer