Civeo(US:CVEO) Newsfileยท2025-02-28 14:28Core Insights - Civeo Corporation (CVEO) remains a strong free cash flow generator, reporting $68.4 million in free cash flow (FCF) for FY24, despite challenges in the Canadian segment [1] - The company has provided FCF guidance for 2025, estimating between $30 million to $40 million [1] - With disciplined capital allocation, a robust balance sheet, and continued expansion in Australia, Civeo is well-positioned to drive long-term value for shareholders, with an expected increase in FCF in the coming years [1] Financial Highlights - Civeo has been awarded a six-year integrated services contract renewal valued at A$1.4 billion across eleven villages [6] - The company executed a strategic acquisition in the Bowen Basin, purchasing four villages for approximately $67 million [6] - For 2025, Civeo projects revenue to range from $630 million to $660 million, with adjusted EBITDA expected to be between $80 million and $90 million [6]