Civeo Corporation specializes in providing comprehensive hospitality and lodging solutions for the natural resource sector across Canada, Australia, and the United States. ...
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Est. EPS $-0.22 · Revenue $173.88M · 2 analysts
Est. EPS $-0.33 · Revenue $168.16M · 2 analysts
Est. EPS $-1.24 · Revenue $694.71M · 2 analysts
Est. EPS $-0.11 · Revenue $171.78M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $638.8M | -6.3% | +4.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-20.1M | -17.6% | +33.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +23.7% | +7.9% | -39.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +0.6% | +229.9% | +75.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -3.1% | -25.6% | +36.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $2.1M | -96.3% | +157.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +0.3% | -96.0% | +154.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 111.2% | +371.6% | -1.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.54x | +29.6% | +0.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $477.4M | +17.9% | -0.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -1.59 vs -1.24 | -27.9% | -0.23 vs -0.30 | +23.3% |
| Revenue Surprise | $638.8M vs $647.4M | -1.3% | $180.0M vs $172.2M | +4.6% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Fraser Andrew | officer: President, Canada | Phantom Shares | D | 6,657 | — |
| Aug 19, 2026 | Fraser Andrew | officer: President, Canada | Common Shares | A | 6,657 | — |
| Aug 19, 2026 | Fraser Andrew | officer: President, Canada | Common Shares | D | 6,657 | $33.94 |
| May 27, 2026 | NAVARRE RICHARD A | director | Common Shares | A | 1,232 | — |
| May 27, 2026 | NAVARRE RICHARD A | director | Common Shares | A | 3,624 | — |
Operator: Greetings, and welcome to the Civeo Corporation's Second Quarter 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Regan Nielsen, Vice President, Corporate Development. You may begin. Regan Nielsen: Thank you, and welcome to Civeo's Second Quarter 2026 Earnings Conference Call. Today, our call will be led by Bradley Dodson, Civeo's President and Chief Executive Officer; and Collin Gerry, Civeo's Chief Financial Officer and Treasurer. Before we begin, we would like to caution listeners regarding forward-looking statements. To the extent that our remarks today contain anything other than historical information, please note that we're relying on the safe harbor protections afforded by federal law. These forward-looking statements speak only as of the date of our earnings release and this conference call. We undertake no obligation to update or revise these statements, except as required by law. Any such remarks should be read in the context of the many factors that affect our business, including risks and uncertainties disclosed in our Forms 10-K, 10-Q and other SEC filings. I'll now turn the call over to Bradley. Bradley Dodson: Thank you, Regan, and thank you all for joining us today on our second quarter 2026 earnings call. I'll start with the key takeaways for the quarter and summarize our consolidated and regional performance. After that, Collin will provide further financial and segment level detail, and I'll conclude our prepared remarks with our outlook for 2026. We will then open the call for questions. There are 4 key takeaways for the call today. First, North American growth represents a tangible opportunity set for Civeo. Our bid pipeline remains robust with more than $1.5 billion in total contract value, in line with what we disclosed last quarter. While the pace and timing of these opportunities are dependent on customer and final investment decisions, we remain focused on what we can control, maintaining a sharp business development focus, preparing our assets and operating platform to execute and for preserving the financial flexibility to pursue the right opportunities as they advance. Second, the convertible debt offering we completed after the quarter end provides Civeo with the financial firepower to play offense. It gives us the flexibility to pursue the opportunity that I just described. We raised lower cost fixed rate capital and completed the first phase of our shareholder return commitment. Third, Australia remains the strength of our business, although the second quarter results reflected near-term softness from cost inflation and customer caution tied principally to the fuel cost and availability amid ongoing Middle East seaborne trade dislocation. With metallurgical coal prices in the $220-plus range, the underlying operating environment is healthy, and we see upside as this temporary noise dissipates. Lastly, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Bradley J. Dodson | Chief Executive Officer, President & Director | USD 1,205,863 | Male | 1974 | Active |
E. Collin Gerry | Senior Vice President, Chief Financial Officer & Treasurer | USD 539,844 | Male | 1982 | Active |
Peter L. McCann | Senior Vice President of Australia | USD 537,329 | Male | 1967 | Active |
Andrew S. Fraser | Senior Vice President of Canada | USD 483,954 | Male | 1961 | Active |
Barclay Brewer | Vice President & Chief Accounting Officer | USD 456,841 | Male | 1975 | Active |
Charles Lab | Vice President & Chief Information Officer | — | — | — | Active |
LaTosha N. Fraley | Corporate Secretary | — | — | — | Active |
Regan Nielsen | Senior Director of Corporate Development & Investor Relations | — | Male | — | Active |
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Civeo NYSE: CVEO reported second-quarter 2026 revenue growth but a modest decline in adjusted EBITDA, as foreign exchange benefits and higher activity in Canada were partly offset by start-up costs and inflationary pressure in Australia.
Civeo Corporation (CVEO) Q2 2026 Earnings Call Transcript
