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Dec 31, 2023
Civeo Q4 2023 Earnings Report
Reported revenues of $170.8 million, net income of $23.0 million, and free cash flow of $39.2 million.
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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