Civeo Corp (NYSE:CVEO)

Q3 2025 Civeo Corp Earnings Call Transcript

Oct 31, 2025 / 12:30 PM GMT

Release Date Price: $20.78 (-8.74%)

Transcript 10-Q8-K

Key Points

Positve

Civeo Corp (CVEO) made significant progress on its share repurchase authorization, completing 69% of the new buyback authorization by September 30, 2025.
The Australian business showed strong performance with a 7% increase in revenues and a 19% growth in adjusted EBITDA year-over-year.
Cost-cutting measures in Canada resulted in a 35% increase in gross profit despite challenging market conditions.
Civeo Corp (CVEO) is on track to reach its goal of $500 million Australian in revenue from its integrated services business by 2027.
The company maintains a comfortable net leverage ratio of 2.1 times, indicating a stable financial position.

Negative

Civeo Corp (CVEO) reported a net loss of $0.5 million for the third quarter of 2025.
The weakening of the Australian dollar negatively impacted revenues and adjusted EBITDA by $3 million and $0.6 million, respectively.
Canadian revenues decreased from $57.7 million in Q3 2024 to $46 million in Q3 2025, reflecting ongoing challenges in the region.
Occupancy in Australian owned villages is expected to soften modestly in the fourth quarter due to seasonality and market conditions.
The Canadian market continues to face headwinds from lower oil prices and macroeconomic uncertainties, impacting lodge occupancy.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CVEO.N - Civeo Corp
Q3 2025 Civeo Corp Earnings Call
Oct 31, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Cio Corporation 3rd quarter 2025 earnings call. At this time, all participants are in a listen-only mode, a question-and-answer session will follow the formal presentation.

If anyone should require operator assistance during the conference, please press 0 on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to your host, Mr. Reagan Nielsen, Vice President, Corporate Development and Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you and welcome to CVO's 3rd quarter

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