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Civeo cuts FY25 revenue view to $620M-$650M from $630M-$660M

FY25 consensus $652.8M. Lowers FY25 adjusted EBITDA view to $75M-$85M from $80M-$90M. The company is lowering its full year 2025 capital expenditure guidance to a range of $20M-$25M from $25M-$30M. This outlook excludes the impact of the Australian asset acquisition, which is expected to close by the end of the second quarter subject to regulatory approvals and customary closing conditions.

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