Overview

* Civeo ( CVEO ) Q2 revenue of $162.7 mln missed analyst expectations

* Company reports Q2 net loss of $3.3 mln, contrasting last year's profit

* Co repurchased 883,000 shares, about 7% of total shares outstanding in Q2

Outlook

* Civeo ( CVEO ) maintains 2025 revenue guidance of $640 mln to $670 mln

* Company maintains 2025 adjusted EBITDA guidance of $86 mln to $96 mln

* Civeo ( CVEO ) maintains 2025 capital expenditure guidance of $20 mln to $25 mln

Result Drivers

* AUSTRALIAN GROWTH - Revenue increase driven by acquisition of four villages in the Bowen Basin and margin improvement in integrated services

* CANADIAN DECLINE - Revenue drop attributed to decreased billed rooms due to ongoing customer spending reductions

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $162.69 $163 mln

Revenue mln (3

Analysts

)

Q2 EPS -$0.25

Q2 Net -$3.31

Income mln

Q2 $2.80

Operatin mln

g Income

Q2 $295,000

Pretax

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 10.7% above its July 28 closing price of $24.55

* The stock recently traded at 158 times the next 12-month earnings vs. a P/E of 933 three months ago

Press Release:

(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.)