Civeo's Q3 2025 showed continued strength in Australia, boosted by acquisitions, while Canada remained under pressure despite cost-saving measures. The company posted a small net loss and emphasized share buybacks and operational discipline.
Generated $170.5 million in revenue with a net loss of $0.5 million.
Adjusted EBITDA rose to $28.8 million, driven by Australian segment performance.
Australia segment revenue reached $124.5 million, aided by recent village acquisitions.
Canada's revenue fell to $46 million, but gross margin improved due to cost reductions.
Civeo narrowed its full-year 2025 guidance, reflecting confidence in operational execution and continued growth from the Australian segment.
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