Overview

* Remote workforce housing services provider's Q3 revenue of $170.5 mln misses analyst expectations

* Company repurchased 1.05 mln shares, about 8% of outstanding shares

* Australian segment shows yr/yr and sequential revenue and EBITDA growth

Outlook

* Civeo ( CVEO ) tightens full-year 2025 revenue guidance to $640 mln-$655 mln

* Company maintains 2025 capital expenditure guidance at $20 mln-$25 mln

* Civeo ( CVEO ) optimistic about increased mobile camp utilization in Canada

Result Drivers

* AUSTRALIAN GROWTH - Revenue and EBITDA growth in Australia driven by acquisitions and increased occupancy

* CANADIAN COST CUTTING - Cost reductions in Canada led to gross margin expansion despite lower occupancy

* SHARE REPURCHASES - Civeo ( CVEO ) repurchased 1.05 mln shares, completing 69% of its buyback authorization

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $170.49 $173.53

Revenue mln mln (3

Analysts

)

Q3 Net -$456,00

Income 0

Q3 $6.96

Operatin mln

g Income

Q3 $3.58

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

* Wall Street's median 12-month price target for Civeo Corp ( CVEO ) is $27.50, about 17.2% above its October 30 closing price of $22.77

* The stock recently traded at 522 times the next 12-month earnings vs. a P/E of 194 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)