NYSE$CVEO
Civeo Corp · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported revenues, net loss, and operating cash flow; Australian segment showed strong growth; contract renewal announced.
Civeo reported revenues of $176.3 million with a net loss of $5.1 million. The Australian segment experienced significant growth, offsetting declines in the Canadian segment. A major contract renewal in the Canadian oil sands was also announced.
- Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million.
- Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million.
- Returned $17.8 million of capital to shareholders through dividends and share repurchases.
- Australian segment revenues increased 33% year-over-year.
Headline financials
Revenue & EPS history
Civeo · Revenue · Quarterly
$176M
Revenue by segment
Civeo · $183M total across 2 segments · Q3 2023
- Canada$95.1M—52.0%
- Australia$87.9M—48.0%
Forward guidance
Civeo is tightening its full year 2024 revenue and Adjusted EBITDA guidance ranges to $675 million to $700 million and $83 million to $88 million, respectively. The Company is maintaining its full year 2024 capital expenditure guidance range of $30 million to $35 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.4%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+0.0%
Avg return
30 days after
49%
26 / 53 earnings
Positive
+54.8%
Q2 2020
Best reaction
-30.4%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.2% | -2.8% | +5.6% | |
| Q3 2025 | +1.4% | -3.1% | -2.1% | |
| Q2 2025 | -4.4% | -3.1% | -2.4% | |
| Q1 2025 | +0.6% | +0.5% | +10.6% | |
| Q4 2024 | -18.4% | -19.5% | -15.3% | |
| Q3 2024 | -6.7% | -10.2% | -15.0% | |
| Q2 2024 | +8.1% | +7.8% | +11.9% | |
| Q1 2024 | -10.7% | -6.8% | -6.4% | |
| Q4 2023 | +4.2% | +5.1% | +19.4% | |
| Q3 2023 | +3.2% | +9.8% | +22.3% | |
| Q2 2023 | +3.9% | -2.6% | -1.1% | |
| Q1 2023 | +4.8% | +4.6% | +8.1% | |
| Q4 2022 | -30.4% | -25.3% | -34.7% | |
| Q3 2022 | +4.6% | +1.5% | -2.3% | |
| Q2 2022 | -4.3% | -3.0% | +3.3% | |
| Q1 2022 | +11.7% | +9.3% | +12.2% | |
| Q4 2021 | -2.9% | +5.0% | +9.8% | |
| Q3 2021 | +2.2% | +1.9% | -1.0% | |
| Q2 2021 | +5.3% | +3.5% | -0.7% | |
| Q1 2021 | +1.5% | -0.1% | -5.7% | |
| Q4 2020 | -6.6% | -9.2% | -15.4% | |
| Q3 2020 | +16.6% | +14.2% | +106.7% | |
| Q2 2020 | +54.8% | +43.9% | +57.9% | |
| Q1 2020 | +12.0% | +4.1% | +23.8% | |
| Q4 2019 | -11.4% | -17.4% | -69.0% | |
| Q3 2019 | +14.7% | +6.9% | -10.7% | |
| Q2 2019 | -0.6% | -3.0% | -16.3% | |
| Q1 2019 | -6.8% | -13.7% | -31.5% | |
| Q4 2018 | +5.5% | -1.2% | -17.0% | |
| Q3 2018 | -6.6% | -10.3% | -37.6% | |
| Q2 2018 | -4.3% | -9.6% | -5.1% | |
| Q1 2018 | -13.0% | -17.7% | -8.1% | |
| Q4 2017 | +13.7% | +10.6% | +21.3% | |
| Q3 2017 | -13.7% | -7.9% | -11.5% | |
| Q2 2017 | -12.3% | -16.4% | -17.7% | |
| Q1 2017 | -7.7% | -12.3% | -33.6% | |
| Q4 2016 | +2.8% | +7.7% | -17.8% | |
| Q3 2016 | +7.1% | +25.0% | +69.6% | |
| Q2 2016 | +0.7% | +0.7% | -4.4% | |
| Q1 2016 | +11.0% | — | — | |
| Q4 2015 | +7.4% | — | — | |
| Q3 2015 | +16.7% | — | — | |
| Q2 2015 | +15.1% | — | — | |
| Q1 2015 | +22.3% | — | — | |
| Q4 2012 | -22.4% | — | — | |
| Q4 2014 | -14.9% | — | — | |
| Q3 2013 | -5.3% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | -4.8% | — | — | |
| Q2 2013 | -2.3% | — | — | |
| Q4 2013 | -3.7% | — | — | |
| Q1 2013 | -3.7% | — | — | |
| Q1 2014 | -5.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro