NYSE$CVEO
Civeo Corp · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Reported revenues of $151.0 million, net loss of $15.1 million, and operating cash flow of $9.5 million.
Civeo reported Q4 2024 revenues of $151.0 million with a net loss of $15.1 million. The Australian segment experienced revenue growth of 23%. The Canadian segment faced headwinds, with revenues decreasing by 44%.
- Fourth quarter revenues were reported at $151.0 million.
- The net loss for the fourth quarter was $15.1 million.
- Operating cash flow for the fourth quarter reached $9.5 million.
- Australian revenues grew by 23% year-over-year.
Headline financials
Revenue & EPS history
Civeo · Revenue · Quarterly
$151M
Revenue by segment
Civeo · $183M total across 2 segments · Q3 2023
- Canada$95.1M—52.0%
- Australia$87.9M—48.0%
Forward guidance
For the full year of 2025, excluding any contribution from the recently announced Australian asset acquisition, Civeo expects revenues of $630.0 million to $660.0 million, Adjusted EBITDA of $80.0 million to $90.0 million and capital expenditures of $25.0 million to $30.0 million.
Tailwinds
- Revenue is expected to be between $630.0 million and $660.0 million.
- Adjusted EBITDA is projected to be between $80.0 million and $90.0 million.
- Capital expenditures are estimated to be between $25.0 million and $30.0 million.
- Guidance takes into account the recent reduction in currency exchange rates experienced since late 2024.
- Company expects the recently announced Australian asset acquisition to be completed by the end of the second quarter of 2025.
Headwinds
- Guidance excludes any contribution from the recently announced Australian asset acquisition.
- Reduction in currency exchange rates experienced since late 2024.
- The Australian asset acquisition is subject to regulatory approvals and customary conditions.
- One-time restructuring costs of approximately $3 million during the first quarter of 2025.
- Canadian business continued to face headwinds in the oil sands region, compounded by economic and political uncertainty.
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 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% | — | — |
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