Civeo Reports Second Quarter 2019 Results
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Civeo (CVEO) Reports In-Line Q2 EPS, Revenues Beat; Provides Q3 & FY19 Adj. EBITDA Outlook
July 29, 2019 6:03 AM EDTCiveo (NYSE: CVEO) reported Q2 EPS of ($0.09), in-line with the analyst estimate of ($0.09). Revenue for the quarter came in at $122.2 million versus the consensus estimate of $116.53 million.
Highlights include:
Delivered second quarter revenues of $122.2 millionReported second quarter net loss of $15.3 million and Adjusted EBITDA of $26.5 million, with Adjusted EBITDA up 8% year-over-yearCompleted the acquisition of Action Industrial Catering Pty Ltd, a provider of catering and managed services to the remote mining industry in Western Australia, on July 1, 2019Awarded a four-year contract renewal from BHP Billiton Mitsui Coal Pty... More