The earnings call revealed strong performance in the Australian segment with notable contract wins and effective share repurchase strategies, offset by significant challenges in the Canadian market leading to decreased revenue and occupancy. While the Australian operations show promising growth, the Canadian difficulties and overall financial results indicate mixed performance.

Company Guidance

During Civeo Corporation's Second Quarter 2025 earnings call, substantial guidance was provided regarding the company's strategic direction and financial outlook. The company successfully repurchased 883,000 common shares, representing approximately 7% of its outstanding shares, which equates to 30% of the new buyback authorization as of June 30, 2025. Civeo's net debt increased by $95 million, primarily due to a $65 million acquisition in Australia and $19 million in share buybacks, resulting in a net leverage ratio of 2x. For the full year 2025, the company maintained its guidance for revenue between $640 million and $670 million and adjusted EBITDA ranging from $86 million to $96 million, with capital expenditures projected to be $20 million to $25 million. Regionally, in Australia, revenues increased 4% year-over-year to $112.7 million, with adjusted EBITDA growing by 10% to $23.7 million, driven largely by the acquisition of four villages. In Canada, revenues were $50 million, down from $79.5 million in the second quarter of 2024, with a corresponding drop in adjusted EBITDA to $7.5 million, reflecting lower occupancy levels due to macroeconomic headwinds. The company is committed to using no less than 100% of its annual free cash flow to complete its share repurchase authorization, while also focusing on optimizing its cost structure in Canada and expanding its integrated services business in Australia.

Share Repurchase Progress

Civeo repurchased 883,000 common shares, approximately 7% of common shares outstanding, representing 30% of the new buyback authorization by June 30, 2025.

Australian Segment Growth

Revenue in Australia increased 4% year-over-year, or 7% on a constant currency basis, with adjusted EBITDA growing by 10% or 12% on a constant currency basis, driven by recent acquisitions and strong integrated services business.

Strong Contract Wins in Australia

Announced two significant contracts: a 4-year take-or-pay agreement worth AUD 250 million, and a 3-year integrated services contract worth approximately AUD 64 million.

Australian Acquisition Impact

The acquisition of 4 villages in May contributed positively to the Q2 2025 results, with a 10% increase in billed rooms.

Civeo (CVEO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CVEO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 24, 2025	2025 (Q3)	0.33 / -	-0.36	―	―	―
Jul 29, 2025	2025 (Q2)	-0.03 / -0.25	0.56	-144.64% (-0.81)	―
Apr 30, 2025	2025 (Q1)	-0.80 / -0.72	-0.35	-105.71% (-0.37)	―
Feb 27, 2025	2024 (Q4)	-0.27 / -1.10	1.55	-170.97% (-2.65)	―
Oct 30, 2024	2024 (Q3)	-0.12 / -0.36	0.61	-159.02% (-0.97)	―
Jul 30, 2024	2024 (Q2)	0.23 / 0.56	0.3	86.67% (+0.26)	―
Apr 26, 2024	2024 (Q1)	-0.20 / -0.35	-0.42	16.67% (+0.07)	―
Feb 29, 2024	2023 (Q4)	0.07 / 1.55	-1.31	218.32% (+2.86)	―
Oct 27, 2023	2023 (Q3)	0.17 / 0.61	0.32	90.62% (+0.29)	―
Jul 28, 2023	2023 (Q2)	0.31 / 0.30	0.54	-44.44% (-0.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CVEO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 29, 2025	$24.55	$23.60	-3.87%
Apr 30, 2025	$20.09	$18.99	-5.48%
Feb 27, 2025	$26.97	$22.00	-18.43%
Oct 30, 2024	$26.96	$24.70	-8.38%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Civeo Corp (CVEO) report earnings?

Civeo Corp (CVEO) is schdueled to report earning on Oct 24, 2025, Before Open (Confirmed).

What is Civeo Corp (CVEO) earnings time?

Civeo Corp (CVEO) earnings time is at Oct 24, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CVEO EPS forecast?

CVEO EPS forecast for the fiscal quarter 2025 (Q3) is 0.33.

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