Civeo Corp Financial Update: Revenue Guidance and Share Repurchases

Civeo Corp, a U.S.-based company specializing in remote site accommodations for the natural resource industry, has maintained its 2025 revenue guidance between $640 million and $670 million. This announcement comes alongside an acceleration in share repurchases and the integration of a recent Australian acquisition. The company, listed on the New York Stock Exchange, offers services such as facility management, rentals, offshore laundry, and waste management, serving customers in the U.S., Canada, and Australia.

Earnings Call and Market Reaction

On July 29, 2025, Civeo reported its second-quarter earnings, which fell short of market expectations. The company’s revenue for the quarter was $162.7 million, missing estimates by $0.31 million. The GAAP earnings per share (EPS) were -$0.25, missing by $0.11. Despite these figures, Civeo reported an Adjusted EBITDA of $25.0 million. The net loss for the quarter was $3.3 million.

Following the earnings report, Civeo’s stock experienced a decline. The company’s share price closed at $24.55 on July 27, 2025, with a 52-week high of $28.92 and a low of $18.01. The market capitalization stood at approximately $330.55 million, and the price-to-earnings ratio was -15.19, reflecting the net loss.

Share Repurchases and Acquisition Integration

In the second quarter, Civeo repurchased 883,000 common shares for $19.1 million, averaging $21.64 per share. This repurchase accounted for about 7% of the company’s outstanding shares as of March 31, 2025. Additionally, Civeo completed the acquisition of four facilities in Australia, which is part of its strategy to expand its service offerings and geographic reach.

The company’s focus on share repurchases and strategic acquisitions highlights its commitment to enhancing shareholder value and strengthening its market position in the commercial services and supplies sector. Despite the earnings miss, Civeo’s proactive measures in share repurchases and international expansion may provide a foundation for future growth.