Civeo Reports First Quarter 2021 Results
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Civeo (CVEO) Misses Q1 EPS by 14c
April 30, 2021 6:40 AM EDTCiveo (NYSE: CVEO) reported Q1 EPS of ($0.70), $0.14 worse than the analyst estimate of ($0.56). Revenue for the quarter came in at $125.4 million versus the consensus estimate of $125.3 million.
Despite recent macroeconomic headwinds and winter seasonality, we continued to generate solid free cash flow and reduced our total debt. I continue to be encouraged by our team's ability to operate safely and effectively in this tough environment, while also progressing our strategic and financial initiatives. For the first quarter, our Canadian business saw a sequential improvement in occupancy despite the British Columbia health order... More
