Civeo(US:CVEO) Newsfileยท2025-05-08 12:49Core Insights - Civeo Corporation (CVEO) reported Q1 2025 financial results that fell short of expectations, with revenue of $144.0 million, adjusted EBITDA of $12.7 million, and an adjusted EPS of ($0.72) [1] - The company's consolidated revenue underperformance was attributed to weakness in pricing and billed rooms volume in the Canadian segment, despite strong performance in the Australian segment [1] Financial Performance - Civeo's reported revenue of $144.0 million was below both Stonegate's estimate of $150.7 million and consensus estimate of $148.1 million [1] - Adjusted EBITDA of $12.7 million was slightly above Stonegate's estimate of $12.0 million but below the consensus estimate of $14.8 million [1] - The adjusted EPS of ($0.72) was better than Stonegate's estimate of ($0.84) but worse than the consensus estimate of ($0.43) [1] Guidance and Strategic Moves - Following a recent acquisition, Civeo revised its 2025 guidance, projecting revenue between $640 million and $670 million and adjusted EBITDA of $86 million to $96 million [8] - The company reported a net loss of $9.8 million alongside its Q1 results [8] - Civeo announced a share repurchase authorization for 10% to 20% of shares outstanding and has suspended its quarterly cash dividend [8]