Civeo(US:CVEO) Newsfileยท2025-10-31 20:27Core Insights - Civeo Corporation (CVEO) reported revenue of $170.5 million and adjusted EBITDA of $28.8 million for Q3 2025, which was slightly below consensus estimates [1][5] - The year-over-year EBITDA increase was driven by strong performance in Australia and cost-cutting measures in Canada [1][5] - The company ended the quarter with net debt of $176 million and a net leverage ratio of 2.1x, with liquidity of approximately $70 million [1] Financial Performance - Revenue of $170.5 million and adjusted EBITDA of $28.8 million were reported, compared to estimates of $175.9 million and $27.7 million respectively [1][5] - Operating cash flow was $13.8 million, while capital expenditures totaled $5.6 million, mainly for maintenance of lodges and villages [1] - The gross margin expanded to 22.5% due to cost actions in Canada, despite lower occupancy rates [5] Strategic Actions - Civeo repurchased approximately 8% of its shares in Q3 2025, equating to around 1.05 million shares [5] - The company tightened its full-year 2025 guidance to a revenue range of $640 million to $655 million and adjusted EBITDA of $86 million to $91 million [5]