Civeo Corp shareholders approved Ratification of Ernst & Young LLP as independent registered public accounting firm for 2026 and authorization to determine compensation at the 2026-12-31 meeting.
“Proposal 4 - To ratify the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2026 and until the next annual general meeting of shareholders and to authorize the directors of Civeo, acting through the Audit Committee, to determine the remuneration to be paid to Ernst & Young LLP for 2026: For Withheld Broker Non-Votes 10,096,589 4,228 --”
Shareholder Votes
Civeo Corp shareholders approved Amendment to 2014 Equity Participation Plan to increase shares available by 520,920.
“Proposal 3 – To approve an amendment to the Plan to increase the number of shares available for issuance thereunder by 520,920 shares, subject to adjustment in accordance with the terms of the Plan: For Against Abstain Broker Non-Votes 8,240,482 53,383 310,708 1,496,244”
Shareholder Votes
Civeo Corp shareholders approved Advisory vote on compensation of named executive officers.
“Proposal 2 - To approve, on an advisory basis, the compensation of the named executive officers: For Against Abstain Broker Non-Votes 8,247,893 33,269 323,411 1,496,244”
Shareholder Votes
Civeo Corp shareholders approved Election of the three Class II and Class III nominees to the Board.
“The voting results for each proposal are as follows: Proposal 1 - To elect the three Class II and Class III nominees to the Board: For Withheld Broker Non-Votes Richard A. Navarre 8,406,487 198,086 1,496,244 Martin A. Lambert 8,417,605 186,968 1,496,244 Constance B. Moore 8,418,306 186,267 1,496,244 Bradley J. Dodson 8,572,412 32,161 1,496,244 Daniel B. Silvers 8,293,243 311,330 1,496,244 Timothy O. Wall 8,562,700 41,873 1,496,244”
Earnings Releases
Civeo Corp reported first quarter ended March 31, 2026 results: revenue $172.7 million, net income net loss of $3.8 million, or $0.34 per diluted share. Guidance raised.
“as may be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Civeo Reports First Quarter 2026 Results Highlights: • Reported revenues of $172.7 million, net loss of $3.8 million and Adjusted EBITDA of $22.5 million, reflecting year-over-year growth of 20% in revenues and 78% in Adjusted EBITDA; • Australian segment revenues”
Material Agreements
Civeo Corp entered into Amended and Restated Syndicated Facility Agreement with Royal Bank of Canada, as Administrative Agent valued at $285.0 million (effective 2026-04-23).
“On April 23, 2026, Civeo Corporation (the “Company”) entered into the Amended and Restated Syndicated Facility Agreement (the “A&R Syndicated Facility Agreement”) to amend and restate in its entirety that certain Syndicated Facility Agreement dated as of September 8, 2021”
Debt Financings
Civeo Corp amended revolving credit of $285.0 million with Royal Bank of Canada, as Administrative Agent at adjusted Term SOFR plus 2.50% to 3.75% maturing April 23, 2030.
“The A&R Syndicated Facility Agreement amends and restates the Existing Syndicated Facility Agreement to (i) extend the maturity date until April 23, 2030, (ii) upsize the total aggregate revolving loan commitments by $20.0 million, and (iii) provide for other technical changes and amendments.”
M&A Transactions
Civeo Corp completed an acquisition involving Sellers for A$105,000,000 (closed 2025-05-06).
“On May 6, 2025, a wholly owned subsidiary of Civeo Corporation (the “Company”), Civeo Pty Ltd (the “Buyer”), completed its previously announced acquisition of four villages with 1,340 rooms in Australia’s Bowen Basin and the associated assets and customer contracts pursuant to an Asset Sale and Purchase Agreement (the “Purchase Agreement”), dated February 18, 2025, between the Company, the Buyer, the seller parties named therein (collectively, the “Sellers”), and Graham William Cleary as the Seller Guarantor. The Company paid to the Sellers an amount of cash equal to A$105,000,000 which was funded with cash on hand and borrowings under the Company’s revolving credit facility.”
Allan Schoening departed as Senior Vice President, Canada at Civeo Corp.
“Mr. Schoening will retire upon Mr. Fraser’s joining the Company, but is expected to remain a consultant for the Company for a period after his retirement.”
Andrew 'Andy' S. Fraser was appointed as Senior Vice President, Canada at Civeo Corp.
“On July 2, 2024, Civeo Corporation (the “Company” or “Civeo”) appointed Andrew “Andy” S. Fraser as the Company’s Senior Vice President, Canada, effective as of August 19, 2024.”
Barclay Brewer was appointed as Vice President and Chief Accounting Officer at Civeo Corp.
“Barclay Brewer, who has been serving as Interim Senior Vice President, Chief Financial Officer and Treasurer since March 5, 2024, and will remain employed with the Company as the Vice President and Chief Accounting Officer, effective as of August 1, 2024.”
E. Collin Gerry was appointed as Senior Vice President, Chief Financial Officer and Treasurer at Civeo Corp.
“On June 6, 2024, Civeo Corporation (the “Company” or “Civeo”) appointed E. Collin Gerry as the Company’s Senior Vice President, Chief Financial Officer and Treasurer, effective as of August 1, 2024.”
Earnings Releases
Civeo Corp reported full year 2024 results: revenue 625 million to $700 million. Guidance reaffirmed.
“Civeo is maintaining its previously provided revenue and Adjusted EBITDA guidance ranges of $625 million to $700 million and $80 million to $90 million, respectively.”
Earnings Releases
Civeo Corp reported first quarter ended March 31, 2024 results: revenue 166.1 million, net income net loss of $5.1 million, EPS ($0.35) per diluted share.
“Civeo generated revenues of $166.1 million and reported a net loss of $5.1 million, or $0.35 per diluted share.”
Carolyn J. Stone departed as Senior Vice President, Chief Financial Officer and Treasurer at Civeo Corp.
“that effective as of March 4, 2024 (the “Separation Date”), Carolyn J. Stone had departed the Company and was no longer serving as the Senior Vice President, Chief Financial Officer and Treasurer of the Company.”
Barclay Brewer was appointed as Interim Chief Financial Officer at Civeo Corp.
“Effective as of March 5, 2024, Barclay Brewer, the Company’s Vice President and Controller, has been appointed as Interim Chief Financial Officer.”
Carolyn J. Stone departed as Senior Vice President, Chief Financial Officer and Treasurer at Civeo Corp.
“On March 4, 2024 (the “Separation Date”), Carolyn J. Stone has departed the Company and will no longer serve as the Senior Vice President, Chief Financial Officer and Treasurer of the Company.”
Earnings Releases
Civeo Corp reported the year ended December 31, 2023 results: revenue $700.8 million, net income $30.2 million, EPS $2.01 per diluted share.
“the Company reported revenues of $700.8 million and net income of $30.2 million, or $2.01 per diluted share.”
Earnings Releases
Civeo Corp reported the quarter ended December 31, 2023 results: revenue $170.8 million, net income $23.0 million, EPS $1.55 per diluted share.
“Civeo generated revenues of $170.8 million and reported net income of $23.0 million, or $1.55 per diluted share.”
Allan D. Schoening departed as Senior Vice President, Canada at Civeo Corp.
“On January 5, 2024, Allan D. Schoening informed Civeo Corporation (the “Company”) that he will retire from his position as the Company’s Senior Vice President, Canada, effective as of December 31, 2024.”
Earnings Releases
Civeo Corp reported the third quarter ended September 30, 2023 results: revenue $183.6 million, net income $9.0 million, EPS $0.61 per diluted share. Guidance raised.
“expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Civeo Reports Third Quarter 2023 Results Third Quarter Highlights: • Reported revenues of $183.6 million, net income of $9.0 million and operating cash flow of $36.8 million; • Delivered Adjusted EBITDA of $32.9 million and free cash flow of $31.7 million; • Reduced total debt by”
Earnings Releases
Civeo Corp reported the full year of 2023 results: revenue $640 million to $650 million. Guidance raised.
“For the full year of 2023, Civeo is increasing the lower end of its previously provided revenue and Adjusted EBITDA guidance ranges. The revised revenue and Adjusted EBITDA guidance ranges are $640 million to $650 million and $90 million to $95 million, respectively.”
Earnings Releases
Civeo Corp reported the quarter ended June 30, 2023 results: revenue $178.8 million, net income $4.5 million, EPS $0.30 per diluted share. Guidance raised.
“reference in such filing. --- EX-99.1 (EX-99.1) --- Civeo Reports Second Quarter 2023 Results Second Quarter Highlights include: • Reported second quarter revenues of $178.8 million, net income of $4.5 million and operating cash flow of $19.4 million; • Delivered second quarter Adjusted EBITDA of $31.6 million and free cash flow of $12.9 million; • Recorded”
Shareholder Votes
Civeo Corp shareholders approved To ratify the appointment of Ernst & Young LLP as independent registered public accounting firm and authorize determination of remuneration at the 2023-05-17 meeting.
“Proposal 4 - To ratify the appointment of Ernst & Young LLP as Civeo’s independent registered public accounting firm for the year ending December 31, 2023 and until the next annual general meeting of shareholders and to authorize the directors of Civeo, acting through the Audit Committee, to determine the remuneration to be paid to Ernst & Young LLP for 2023: For Withheld Broker Non-Votes 12,860,448 37,863 --”
Shareholder Votes
Civeo Corp shareholders approved To approve an amendment to the Plan to increase the number of shares available for issuance by 637,000 shares at the 2023-05-17 meeting.
“Proposal 3 – To approve an amendment to the Plan to increase the number of shares available for issuance thereunder by 637,000 shares, subject to adjustment in accordance with the terms of the Plan: For Against Abstain Broker Non-Votes 9,586,321 1,165,787 11,559 2,134,644”
Shareholder Votes
Civeo Corp shareholders approved To approve, on an advisory basis, the compensation of the named executive officers at the 2023-05-17 meeting.
“Proposal 2 - To approve, on an advisory basis, the compensation of the named executive officers: For Against Abstain Broker Non-Votes 9,758,863 994,401 10,403 2,134,644”
Shareholder Votes
Civeo Corp shareholders approved Election of three Class III nominees to the Board at the 2023-05-17 meeting.
“Proposal 1 - To elect the three Class III nominees to the Board: For Withheld Broker Non-Votes Bradley J. Dodson 9,813,652 950,015 2,134,644 Jay K. Grewal 10,450,277 313,390 2,134,644 Timothy O. Wall 9,653,100 1,110,567 2,134,644”
Earnings Releases
Civeo Corp reported the full year of 2023 results: revenue $630 million to $650 million. Guidance reaffirmed.
“For the full year of 2023, Civeo is maintaining its previously provided revenue and Adjusted EBITDA guidance ranges of $630 million to $650 million and $85 million to $95 million, respectively.”
Earnings Releases
Civeo Corp reported first quarter ended March 31, 2023 results: revenue $167.6 million, net income $6.4 million, EPS $(0.42) per diluted share. Guidance reaffirmed.
“In the first quarter of 2023, Civeo generated revenues of $167.6 million and reported a net loss of $6.4 million, or $0.42 per diluted share.”
Earnings Releases
Civeo Corp reported financial results for fourth quarter and year ended December 31, 2022.
“On February 28, 2023, Civeo Corporation (“Civeo”) issued a press release announcing its financial condition and results of operations as of and for the quarter and year ended December 31, 2022.”
“On December 22, 2022, in consideration of the U.S. Securities and Exchange Commission’s recently adopted “universal proxy card” rules, the Board of Directors (the “Board”) of Civeo Corporation (the “Company”) adopted and approved amendments to its Articles (the “Amended and Restated Articles”).”
Earnings Releases
Civeo Corp reported the full year of 2022 results: revenue $675 million to $685 million. Guidance raised.
“For the full year of 2022, Civeo is increasing its previously provided revenue and Adjusted EBITDA guidance range to $675 million to $685 million and $110 million to $115 million, respectively.”
Earnings Releases
Civeo Corp reported third quarter ended September 30, 2022 results: revenue $184.2 million, net income $5.2 million, EPS $0.32 per diluted share.
“In the third quarter of 2022, Civeo generated revenues of $184.2 million and reported net income of $5.2 million, or $0.32 per diluted share.”
Michael Montelongo was appointed as Director at Civeo Corp.
“On July 19, 2021, the board of directors (the “Board”) of Civeo Corporation (the “Company”) increased the size of the Board to nine members and appointed Jay Grewal and Michael Montelongo as directors, effective as of August 15, 2021.”
Jay Grewal was appointed as Director at Civeo Corp.
“On July 19, 2021, the board of directors (the “Board”) of Civeo Corporation (the “Company”) increased the size of the Board to nine members and appointed Jay Grewal and Michael Montelongo as directors, effective as of August 15, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.