Civeo Corporation (Canada)
Description
Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs. It offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services, and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as lodging and catering services. It serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation was founded in 1977 and is headquartered in Houston, Texas.
About
CEO
Mr. Bradley J. Dodson
Employees
2,600
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Lodging
MIC code
XNYS
Address
Three Allen Center, Houston, TX 77002, United States
×
![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 24, 2025 | — | — | — | — |
| Feb 26, 2025 | -0.27 | — | — | — |
| Oct 30, 2024 | -0.02 | -0.36 | -0.34 | 1,700.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 2 | — | 2 |
| Average estimate | — | 0.01 | — | 0.74 |
| Low estimate | — | 0.01 | — | 0.65 |
| High estimate | — | 0.01 | — | 0.82 |
| Last year EPS | — | -0.23 | — | 0.34 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-132.740%
Next qtr. (Mar 2025)
104.330%
Current year
-70.820%
Next year (Dec 2025)
116.180%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 700.81M | 697.05M | 594.46M | 529.73M | 527.56M |
| Cost of revenue | 530.29M | 517.06M | 436.46M | 382.09M | 366.81M |
| Gross profit | 170.52M | 179.99M | 158.00M | 147.64M | 160.74M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 72.61M | 69.96M | 60.60M | 53.66M | 59.59M |
| Other operating expenses | 479,000 | 74,000 | 313,000 | 506,000 | 290,000 |
| Operating income | 22.29M | 22.74M | 13.99M | -3.07M | -22.90M |
| Non operating interest income | |||||
| Income | 172,000 | 39,000 | 2,000 | 20,000 | 78,000 |
| Expense | 13.18M | 11.47M | 12.96M | 16.69M | 27.38M |
| Other income expense | 31.08M | -572,000 | 4.85M | -123.68M | -18.87M |
| Pretax income | 40.36M | 10.73M | 5.87M | -143.42M | -69.08M |
| Tax provision | 10.63M | 4.40M | 3.38M | -10.64M | -10.74M |
| Net income | 29.73M | 6.33M | 2.50M | -132.78M | -58.33M |
| Basic EPS | 2.02 | -0.21 | -0.04 | -9.64 | -4.32 |
| Diluted EPS | 2.01 | -0.21 | -0.04 | -9.64 | -4.32 |
| Basic average shares | 14.91M | 14.00M | 14.23M | 14.13M | 13.92M |
| Diluted average shares | 14.91M | 14.00M | 14.23M | 14.13M | 13.92M |
| EBITDA | 111.49M | 115.14M | 110.29M | 114.32M | 108.22M |
| Net income from continuing op. | 29.73M | 6.33M | 2.50M | -132.78M | -58.33M |
| Minority interests | 427,000 | -2.33M | -1.15M | -1.47M | -157,000 |
| Preferred stock dividends | — | 5.19M | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 548.06M | 566.18M | 672.73M | 740.85M | 969.91M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 3.32M | 7.95M | 6.28M | 6.16M | 3.33M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 93.53M | 65.56M | 75.74M | 66.07M | 76.37M |
| Other receivables | 49.89M | 54.49M | 39.48M | 23.99M | 23.38M |
| Inventory | 6.98M | 6.91M | 6.47M | 6.18M | 5.88M |
| Prepaid assets | 8.44M | 7.20M | 6.88M | 7.02M | 7.25M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | 5.87M | 8.65M | 11.76M | 3.91M | 7.59M |
| Hedging assets | — | — | — | — | — |
| Other current assets | 7.41M | 3.08M | 10.95M | 6.17M | 7.90M |
| Non current assets | |||||
| Properties | 1.39B | 1.48B | 1.68B | 1.76B | 1.72B |
| Land and improvements | 27.99M | 25.53M | 30.56M | 47.75M | 43.15M |
| Machinery furniture equipment | 90.53M | 82.91M | 92.79M | 90.00M | 84.67M |
| Construction in progress | 12.09M | 1.77M | 2.06M | 5.52M | 4.29M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -1.25B | -1.29B | -1.42B | -1.42B | -1.26B |
| Goodwill | 93.38M | 97.09M | 110.05M | 117.21M | 332.18M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 78.00M | 81.75M | 93.64M | 99.75M | 111.84M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 4.28M | 5.60M | 5.37M | 3.63M | 1.28M |
| Total liabilities | 225.02M | 262.48M | 309.62M | 365.50M | 479.11M |
| Current liabilities | |||||
| Accounts payable | 58.70M | 51.09M | 49.32M | 42.06M | 36.97M |
| Accrued expenses | 2.67M | 1.98M | 1.74M | 1.78M | 1.43M |
| Short term debt | — | 28.45M | 30.58M | 34.59M | 35.08M |
| Deferred revenue | 4.85M | 991,000 | 18.48M | 6.81M | 7.17M |
| Tax payable | 7.83M | 3.05M | 3.12M | 3.30M | 3.48M |
| Pensions | 33.85M | 34.36M | 28.88M | 22.48M | 17.17M |
| Other current liabilities | 6.33M | 8.34M | 4.81M | 5.76M | 8.74M |
| Non current liabilities | |||||
| Long term debt | 74.82M | 115.28M | 158.03M | 233.83M | 343.02M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 11.80M | 4.78M | 896,000 | — | 9.45M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 24.17M | 14.17M | 13.78M | 14.90M | 16.59M |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -919.02M | -930.12M | -912.95M | -907.73M | -771.59M |
| Other shareholders equity | -380.72M | -385.19M | -361.88M | -348.99M | -363.17M |
| Total shareholders equity | 323.04M | 303.70M | 363.11M | 375.36M | 490.81M |
| Additional paid in capital | 1.63B | 1.62B | 1.58B | 1.58B | 1.57B |
| Treasury stock | 9.06M | 9.06M | 8.05M | 6.93M | 5.47M |
| Minority interest | 2.87M | 3.56M | 1.61M | 672,000 | 662,000 |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 29.73M | 6.33M | 2.50M | -132.78M | -58.33M | -81.85M | -105.25M | -95.83M | -130.66M | -187.66M | 183.31M | 245.94M |
| Depreciation | 75.14M | 87.21M | 83.10M | 96.55M | 123.77M | 125.85M | 126.44M | 131.30M | 152.99M | 174.97M | 167.21M | 139.05M |
| Deferred Taxes | 6.81M | 4.18M | 3.07M | -11.12M | -11.71M | -31.40M | -8.98M | -13.21M | -34.18M | 4.33M | 11.61M | 13.81M |
| Stock-Based Compensation | 4.46M | 3.79M | 4.13M | 6.07M | 10.12M | 11.04M | 7.34M | 5.30M | 4.61M | 6.28M | 4.89M | 3.26M |
| Other Non-Cash Items | 1.66M | 3.22M | 2.20M | -2.87M | 2.66M | 4.88M | 3.87M | 868,000 | 1.42M | 1.10M | -2.94M | 760,000 |
| Accounts Receivable | -22.31M | -14.45M | -28.13M | 13.68M | -20.55M | 13.33M | -6.90M | 6.68M | 80.35M | 4.84M | 12.55M | -12.10M |
| Accounts Payable | 7.44M | 12.32M | 15.44M | 6.89M | 8.47M | -17.72M | 12.67M | -4.40M | -12.74M | -167,000 | -28.26M | 27.19M |
| Other Assets & Liabilities | 9.73M | -11.81M | 3.96M | -554,000 | -2.10M | -2.57M | -7.78M | -5.56M | -6.52M | 17.29M | 13.01M | -10.38M |
| Operating Cash Flow | 112.66M | 90.80M | 86.26M | -24.15M | 52.32M | 21.55M | 21.42M | 25.15M | 55.28M | 20.98M | 361.39M | 407.53M |
| Investing Activities | ||||||||||||
| Capital Expenditures | 16.74M | 16.29M | 14.31M | 3.69M | 5.91M | 5.84M | 1.91M | 5.78M | 12.68M | 12.09M | 7.49M | 8.35M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | -16.43M | -171.34M | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 17.11M | 16.48M | 14.87M | 8.31M | -8.77M | -164.84M | 2.46M | 7.09M | 12.68M | 12.09M | 7.49M | 8.35M |
| Financing Activities | ||||||||||||
| Long-Term Debt Issuance | 210.58M | 289.71M | 397.95M | 377.60M | 381.62M | 358.31M | 44.53M | 310.54M | 624.43M | 775.00M | 3.09M | 3.81M |
| Long-Term Debt Payments | -278.33M | -323.52M | -474.28M | -487.77M | -420.01M | -243.95M | -125.24M | -366.76M | -969.71M | — | -133.76M | -14.12M |
| Other Financing Charges | — | -1.08M | -5.53M | -4.04M | -6.23M | -4.84M | -2.09M | -2.13M | -4.98M | -730.98M | 161.00M | 11.83M |
| Financing Cash Flow | -86.80M | -79.66M | -37.35M | -184.52M | -48.09M | 250.50M | -58.01M | -73.55M | -290.62M | 16.23M | -17.57M | 5.33M |
| Other Cash Details | ||||||||||||
| End Cash Position | 3.32M | 7.95M | 6.28M | 6.16M | 3.33M | 12.37M | 32.65M | 1.79M | 7.84M | 263.31M | 224.13M | 161.40M |
| Income Tax Paid | 251,000 | 220,000 | — | 600,000 | — | — | — | — | — | — | — | — |
| Interest Paid | 10.25M | 9.23M | 9.99M | 12.60M | — | — | — | — | — | — | — | — |
| Free Cash Flow | 64.93M | 66.35M | 72.96M | 107.28M | 44.67M | 37.28M | 45.63M | 42.39M | 123.83M | 39.90M | 45.68M | 118.62M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Fidelity Low-Priced Stock Fund | Oct 31, 2024 | 875,916 | 20.40M | 6.36% |
| Kinetics Portfolio Trust-Kinetics Master Small Cap Opportunities Port | Sep 30, 2024 | 558,032 | 13.00M | 4.05% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 324,801 | 7.56M | 2.36% |
| Kinetics Portfolio Trust-Kinetics Master New Paradigm Portfolio | Sep 30, 2024 | 239,800 | 5.58M | 1.74% |
| EQ Advisors Trust-1290 VT Small Cap Value Port | Sep 30, 2024 | 194,700 | 4.53M | 1.41% |
| Fidelity Series Intrinsic Opportunities Fund | Oct 31, 2024 | 192,958 | 4.49M | 1.40% |
| Fidelity Low Priced Stock K6 Fund | Oct 31, 2024 | 142,835 | 3.33M | 1.04% |
| RBB Fund Inc.- Boston Partners Small Cap Value Fd II | Nov 30, 2024 | 112,000 | 2.61M | 0.81% |
| EA Series Trust-EA Bridgeway Omni Small-Cap Value ETF | Sep 30, 2024 | 95,683 | 2.23M | 0.69% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 91,538 | 2.13M | 0.66% |
Article
Civeo Corporation: This Downturn Offers A Good Buying Opportunity
Civeo Corporation provides accommodations for natural resource extraction industries in Canada and Australia, showing impressive debt reduction and trading at low valuation multiples. Despite recent revenue drops and mixed financial performance, the company's Australian segment saw significant growth, driven by higher occupancy and increased service demand. Net debt has drastically reduced from $166.9 million in 2021 to $32.2 million, enhancing financial flexibility and reducing long-term risk.
Feb 4, 2025
Article
Civeo Announces Quarterly Dividend
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 17, 2025 to shareholders of record as of close of business on February 24, 2025. For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an "eligible dividend". About Civeo: Civeo Corporation is a leading provider of hospitality services with prominent market p.
Jan 31, 2025
Article
Civeo Announces a Six-Year A$1.4 Billion Integrated Services Contract Renewal with Expanded Scope in Australia
HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a six-year contract extension with a leading resources player to provide integrated services at eleven villages in Western Australia, effective January 1, 2025. This contract expands Civeo's scope from operating seven villages to eleven villages. The new contract will incorporate catering and retail services; village, mine and port site cleaning services; facilities maintenance; and the provisi.
Jan 9, 2025
