Andrew 'Andy' S. Fraser
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.
Highest-materiality recent filing
Civeo Q1 revenue up 20% to $172.7M; Adjusted EBITDA up 78% to $22.5M
Net loss narrowed to $3.8M ($0.34/share) from $9.8M ($0.72) in Q1 2025.
Civeo reports Q4 Adj. EBITDA $21.7M; full-year Adj. EBITDA $88.2M; new 10% buyback auth.
Q4 2025 revenue $161.6M, net loss $6.5M (-$0.56/diluted); Adj. EBITDA $21.7M vs $11.4M YoY.
Civeo appoints two directors, enters cooperation agreement with Engine Capital
Jeffrey B. Scofield (Class I) and Daniel B. Silvers (Class III) appointed to board effective Nov 26, 2025.
Australia segment revenue $124.5M (+7% YoY), Adjusted EBITDA $26.7M (+19% YoY) from May acquisition and higher occupancy.
Civeo Q2 revenue $162.7M, net loss $3.3M; Canadian segment down 37% YoY
Q2 rev $162.7M (down 14% YoY); net loss $3.3M vs net income $8.2M in Q2 2024.
Civeo Q1 revenue falls 13% YoY, net loss widens, cuts 2025 guidance, suspends dividend
Q1 revenue $144M (-13% YoY), net loss $9.8M ($0.72 EPS) vs $5.1M loss a year ago.
Civeo reports Q4 net loss $15.1M; Canada segment revenue down 44% YoY
Q4 2024 revenue $151.0M (from $170.8M YoY); net loss $15.1M vs net income $23.0M.
Civeo subsidiary agrees to acquire four Australian villages for A$105M
Civeo Pty Ltd to acquire four villages (1,340 rooms) in Australia's Bowen Basin for A$105M (subject to adjustments).
Civeo Q3 net loss $5.1M vs prior-year net income; revenue down 4% as Canada weakens
Revenue $176.3M, down from $183.6M YoY; net loss $0.36 diluted EPS vs net income $0.61 EPS.
Civeo extends credit facility maturity to 2028, upsizes revolver to $245M
Maturity of syndicated facility extended to August 8, 2028 from original 2021 term.
Civeo Q2 net income $8.2M, Adj. EBITDA $31.3M; Australia revenue up 32% YoY
Net income of $8.2M ($0.56 diluted EPS) vs. $4.5M ($0.30) in Q2 2023.
Civeo Q1 net loss $5.1M, revenue $166.1M; Australian segment revenue up 19% YoY
Revenue $166.1M (down 1% YoY from $167.6M); net loss $5.1M vs $6.4M loss in Q1 2023.
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.
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.
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.
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.
Max materiality 0.80 · Median 0.60 · Most common event earnings