NYSE$CVEO
Civeo Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported revenues of $170.8 million, net income of $23.0 million, and free cash flow of $39.2 million.
Civeo reported strong Q4 2023 results with revenues of $170.8 million, net income of $23.0 million, and free cash flow of $39.2 million. The company reduced total debt by $37.7 million and continued to return capital to shareholders through dividends and share repurchases. The sale of McClelland Lake Lodge was completed in January 2024.
- Reported Q4 2023 revenues of $170.8 million, net income of $23.0 million and operating cash flow of $40.0 million.
- Adjusted EBITDA for Q4 2023 was $17.4 million and free cash flow was $39.2 million.
- Reduced total debt in Q4 by $37.7 million to $65.6 million as of December 31, 2023.
- Australian Adjusted EBITDA increased 64% compared to Q4 2022, driven by record billed rooms and improved margins.
Headline financials
Revenue & EPS history
Civeo · Revenue · Quarterly
$171M
Revenue by segment
Civeo · $183M total across 2 segments · Q3 2023
- Canada$95.1M—52.0%
- Australia$87.9M—48.0%
Forward guidance
Civeo expects full year 2024 revenues to be between $625.0 million and $700.0 million, Adjusted EBITDA between $80.0 million and $90.0 million, and capital expenditures between $30.0 million and $35.0 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 Q4 2023
+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