Articles from Civeo Corporation

Civeo Corporation (NYSECVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2024.

Civeo Corporation (NYSECVEO) announced today that it has entered into a definitive asset purchase agreement with a private seller for Civeo to acquire four villages with 1,340 rooms in Australia’s Bowen Basin and the associated long-term customer contracts.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its fourth quarter 2024 earnings conference call for Thursday, February 27th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter 2024, which will be released before the market opens on Thursday, February 27, 2025.

Civeo Corporation (NYSECVEO) 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".

Civeo Corporation (NYSECVEO) 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.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the third quarter ended September 30, 2024.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024.

Civeo Corporation (NYSECVEO) announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding over the next twelve months.

Civeo Corporation (NYSECVEO) announced today the completion of an amendment and extension to its credit agreement which encompasses all of Civeo’s outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement:

Civeo Corporation (NYSECVEO) today reported financial and operating results for the second quarter ended June 30, 2024.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its second quarter 2024 earnings conference call for Tuesday, July 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2024, which will be released before the market opens on Tuesday, July 30, 2024.

Civeo Corporation (“Civeo” or the “Company”) (NYSECVEO) today announced the appointment of Andrew “Andy” S. Fraser, a dynamic and experienced leader, as President, Canada, effective August 19, 2024. He succeeds Al Schoening, Senior Vice President, Canada, who will retire after serving 13 years at Civeo. Mr. Schoening will work closely with Mr. Fraser to ensure a smooth transition and is expected to remain a consultant for the Company for a period after his retirement.

Civeo Corporation (“Civeo” or the “Company”) (NYSECVEO) today announced the appointment of E. Collin Gerry as the Company’s new Senior Vice President, Chief Financial Officer (“CFO”) and Treasurer, effective August 1, 2024, following a comprehensive search process. Barclay Brewer, who served as interim CFO, will assume the role of Vice President, Chief Accounting Officer and will support Mr. Gerry during this transition.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the first quarter ended March 31, 2024.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its first quarter 2024 earnings conference call for Friday, April 26th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2024, which will be released before the market opens on Friday, April 26, 2024.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2023.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its fourth quarter 2023 earnings conference call for Thursday, February 29, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter 2023, which will be released before the market opens on Thursday, February 29, 2024.

Civeo Corporation (NYSECVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 18, 2024 to shareholders of record as of close of business on February 26, 2024. For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an "eligible dividend".

Civeo Corporation (NYSECVEO) today reported financial and operating results for the third quarter ended September 30, 2023.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its third quarter 2023 earnings conference call for Friday, October 27, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2023, which will be released before the market opens on Friday, October 27, 2023.

Civeo Corporation (NYSECVEO) today announced that it has entered into a definitive agreement to sell its McClelland Lake Lodge assets to a US-based mining project for approximately C$49 million, or US$36 million. The Company expects to close the transaction before January 31, 2024, subject to the satisfaction of customary closing conditions.

Civeo Corporation (NYSECVEO) (“Civeo” or the “Company”) today announced that its Board of Directors has declared a quarterly dividend of $0.25 per common share. The cash dividend is payable on September 29, 2023 to shareholders of record as of close of business on September 15, 2023. Going forward, Civeo intends to pay regular quarterly dividends, with all future dividend payments subject to quarterly review and approval by its Board of Directors.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the second quarter ended June 30, 2023.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its second quarter 2023 earnings conference call for Friday, July 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2023, which will be released before the market opens on Friday, July 28, 2023.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the first quarter ended March 31, 2023.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its first quarter 2023 earnings conference call for Friday, April 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2023, which will be released before the market opens on Friday, April 28, 2023.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2022.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its fourth quarter 2022 earnings conference call for Tuesday, February 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter 2022, which will be released before the market opens on Tuesday, February 28, 2023.

Civeo Corporation (NYSECVEO) today announced that it was awarded a five-year contract with a leading metallurgical coal producer to provide rooms and hospitality services from the Company’s existing Coppabella, Moranbah and Dysart accommodations facilities in Australia. The contract is an expansion of Civeo’s relationship with the customer to add accommodation requirements at its Moranbah village (previously, services were only provided at Civeo’s Coppabella and Dysart villages) and to increase total minimum room commitment. The contract has a five-year term and is expected to generate approximately A$337 million in total revenues from 2023 to 2027.

Civeo Corporation (NYSECVEO) today announced that it was awarded a five-year contract with a leading resources player to provide integrated services at six villages in Western Australia. Civeo was previously contracted to provide integrated services at four of the villages. The new contract took effect October 01, 2022 and includes options to extend the agreement by up to two years.

Civeo Corporation (NYSECVEO) announced today that the Company has agreed to repurchase 40% of its outstanding Class A Series 1 preferred shares. The preferred shares are mandatorily convertible into common shares in April 2023. The preferred shares repurchased, which include accrued dividends, are convertible into approximately 999,000 common shares, or approximately 6% of the Company’s fully diluted common shares outstanding. The aggregate purchase price of the preferred shares is approximately $30.6 million, or $30.58 per common share on an as-converted basis. The repurchase is scheduled to close on November 1, 2022, and Civeo intends to fund the repurchase through its existing bank revolver. After the repurchase, Civeo will have repurchased approximately 10% of its fully diluted common shares outstanding since August 2021.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the third quarter ended September 30, 2022.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its third quarter 2022 earnings conference call for Friday, October 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2022, which will be released before the market opens on Friday, October 28, 2022.

Civeo Corporation (NYSECVEO) announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding through the facilities of the New York Stock Exchange over the next twelve months.

Civeo Corporation (NYSECVEO) (“Civeo” or the “Company”), a leading provider of hospitality services to the natural resources sector, today announced that it has agreed to repurchase approximately 375 thousand Civeo common shares, representing 2.6% of the fully-diluted common shares outstanding, from a shareholder, for approximately $10.7 million.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the second quarter ended June 30, 2022.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its second quarter 2022 earnings conference call for Friday, July 29, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2022, which will be released before the market opens on Friday, July 29, 2022.

Civeo Corporation ("Civeo" or the "Company") (NYSECVEO) today announced that the Company has been awarded a contract renewal to continue providing rooms and hospitality services at its Wapasu Lodge in the Canadian oil sands for Imperial Oil Resources Limited.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the first quarter ended March 31, 2022.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its first quarter 2022 earnings conference call for Friday, April 29, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2022, which will be released before the market opens on Friday, April 29, 2022.

Civeo Corporation (NYSECVEO) (“Civeo” or the “Company”), a leading provider of hospitality services to the natural resources sector, today announced that Conversant Capital LLC (“Conversant”), a private investment firm that pursues credit and equity investments in the real estate, digital infrastructure and hospitality sectors, has purchased approximately 958,000 Civeo common shares from entities affiliated with Lance Torgerson (“Mr. Torgerson”) under a stock purchase agreement.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2021.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its fourth quarter and full year 2021 earnings conference call for Monday, February 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter and full year 2021, which will be released before the market opens on Monday, February 28, 2022.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the third quarter ended September 30, 2021.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its third quarter 2021 earnings conference call for Thursday, October 28, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Thursday, October 28, 2021.

Civeo Corporation (NYSECVEO) announced today the completion of a replacement and refinancing of its credit agreement. The new syndicated facility agreement, which consists of a Canadian term loan and three revolving credit facilities, encompasses all of Civeo’s outstanding debt structure. In the leverage neutral transaction, the Canadian term loan was reduced to C$100 million (approximately US$80 million), compared to an outstanding balance of C$216 million (approximately US$175 million) as of June 30, 2021. This reduction was funded via a draw on the Canadian revolving credit facility in an equal and offsetting amount. The syndicated facility agreement has a maturity date of September 8, 2025. In addition, among other things, the new syndicated facility agreement:

Civeo Corporation (NYSECVEO) announced today that its Board of Directors has authorized the Company to repurchase up to 5% of its total common shares outstanding, or approximately 715,000 common shares, through the facilities of the New York Stock Exchange over the next twelve months. Civeo intends to fund repurchases through cash on hand and cash generated from operations.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the second quarter ended June 30, 2021.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its second quarter 2021 earnings conference call for Friday, July 30, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Friday, July 30, 2021.

Civeo Corporation (NYSECVEO) announced today that its Board of Directors elected Jay Grewal and Michael Montelongo as members of its Board of Directors effective August 15, 2021. Ms. Grewal has been appointed as a Class III Director with an initial term expiring in May 2023 and will serve on the Company’s Audit Committee and Finance and Investment Committee. Mr. Montelongo has been appointed as a Class I Director with an initial term expiring in May 2024 and will serve on the Company’s Compensation Committee and Nominating and Corporate Governance Committee. Prior to August 15, 2021, Ms. Grewal and Mr. Montelongo will serve as observers at meetings of the Board.

Civeo Corporation (NYSECVEO) today reported financial and operating results for the first quarter ended March 31, 2021.

Civeo Corporation (NYSECVEO) announced today that it has scheduled its first quarter 2021 earnings conference call for Friday, April 30, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the quarter, which will be released before the market opens on Friday, April 30, 2021.