| Civeo Corporation: Building Up To A 300% Upside |
Civeo Corporation deserves a 'Buy' rating due to its unique position as a provider of workforce accommodations and hospitality, healthy outlook and cheap valuation of 5.9x EV/FCF. The company has a proven track record of producing free cash flow and has massively deleveraged over the last ten years. Management increased the share buybacks from 10% to 20% of outstanding shares. |
seekingalpha.com |
2025-05-15 21:35:55 |
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| Stonegate Capital Partners Revises Coverage on Civeo Corporation (CVEO) 2025 Q1 |
Dallas, Texas--(Newsfile Corp. - May 8, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. CVEO reported revenue, adj EBITDA, and adj EPS of $144.0M, $12.7M, and ($0.72), respectively. |
newsfilecorp.com |
2025-05-08 12:49:00 |
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| Civeo Completes Acquisition of Four Villages in Australian Bowen Basin |
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) has completed its previously announced acquisition of four villages with 1,340 rooms in Australia's Bowen Basin and the associated customer contracts for total cash consideration of A$105 million, or approximately US$67 million. The acquisition was funded with cash on hand and borrowings from Civeo's existing revolving credit facility. “We are pleased to have completed this important acquisition earlier than expected as it builds on Civeo'. |
businesswire.com |
2025-05-07 20:30:00 |
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| Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2025 Q1 |
Dallas, Texas--(Newsfile Corp. - May 1, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo reported negative free cash flow of ($13.5M) in 1Q25, down from $7.2M in the prior-year period, primarily due to negative operating cash flow of ($8.4M) and $5.3M in capital expenditures. |
newsfilecorp.com |
2025-05-01 13:25:00 |
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| Civeo (CVEO) Reports Q1 Loss, Lags Revenue Estimates |
Civeo (CVEO) came out with a quarterly loss of $0.72 per share versus the Zacks Consensus Estimate of a loss of $0.78. This compares to loss of $0.26 per share a year ago. |
zacks.com |
2025-04-30 12:40:44 |
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| Civeo Reports First Quarter 2025 Results |
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the first quarter ended March 31, 2025. “Our first quarter results were consistent with our expectations; we continued to deliver topline growth in Australia supported by our recent integrated services contract award, and our operations in Canada continued to be impacted by macroeconomic headwinds that intensified in the first quarter,” said Bradley J. Dodson, Civeo's President and Chief E. |
businesswire.com |
2025-04-30 10:30:00 |
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| Civeo Announces First Quarter 2025 Earnings Conference Call |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2025 earnings conference call for Wednesday April 30th, at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2025, which will be released before the market opens on Wednesday, April 30, 2025. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for. |
businesswire.com |
2025-04-28 22:15:00 |
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| Civeo Announces Limited Partnership with Six Nations of the Grand River Development Corporation to Launch CiveoSix |
HOUSTON & EDMONTON, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) and Six Nations of the Grand River Development Corporation (“SNGRDC”), the economic development arm of the Six Nations community based in Southern Ontario, announced today a new limited partnership, CiveoSix. CiveoSix will deliver hospitality, food services, janitorial, and property maintenance services. “We are excited to expand our portfolio by partnering with Civeo to create sustainable economic opportunities for the. |
businesswire.com |
2025-04-23 20:30:00 |
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| Earnings Preview: Civeo (CVEO) Q1 Earnings Expected to Decline |
Civeo (CVEO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2025-04-18 15:05:39 |
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| Civeo Corp.: Increased Demand And Focused Strategy Offer Growth Prospects |
Civeo Corp. is positioned for growth despite recent Q4 earnings disappointments, driven by increased demand for oil and mining and a targeted strategy to address Canadian issues. The company focuses on providing accommodations in remote areas for energy and construction workers, with significant operations in Australia and Canada. Civeo is restructuring its Canadian operations to reduce dependency on oil sands and cut overhead costs, projecting a transition year in 2025. |
seekingalpha.com |
2025-04-15 08:03:33 |
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| Civeo Corporation Announces New Share Repurchase Authorization |
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to 10% of its total common shares outstanding over the next twelve months. The Company recently completed its previous share repurchase authorization, which was announced on September 11, 2024 and covered 5% of the then total common shares outstanding. Since the Company instituted its share repurchase program. |
businesswire.com |
2025-03-27 18:15:00 |
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| Civeo Acknowledges Receipt of Letter by Shareholder |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) acknowledges the recent shareholder letter issued by Engine Capital LP, a shareholder of the Company. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, “We appreciate the input of our shareholders and will closely review the letter. The Civeo Board and management team regularly review options to create long-term value, including our capital allocation priorities, cost structure and other opportuniti. |
businesswire.com |
2025-03-18 15:00:00 |
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| Engine Capital Calls on Civeo's Board of Directors to Take Immediate Action to Close the Company's Valuation Gap |
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 9.8% of Civeo Corporation's (NYSE: CVEO) (“Civeo” or the “Company”) outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's significant valuation gap and unlock value for shareholders. The letter can be viewed and downloaded here. About Engine Capital Engine Capital LP is a value-oriented special situations f. |
businesswire.com |
2025-03-18 10:00:00 |
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| Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q4 |
Dallas, Texas--(Newsfile Corp. - February 28, 2025) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. Despite challenges in the Canadian Segment, CVEO remains a strong free cash flow generator, reporting $68.4M in FCF for FY24. |
newsfilecorp.com |
2025-02-28 11:28:51 |
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| Civeo Corporation (CVEO) Q4 2024 Earnings Call Transcript |
Civeo Corporation (NYSE:CVEO ) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Regan Nielsen - Vice President, Corporate Development & Investor Relations Bradley Dodson - President & Chief Executive Officer Collin Gerry - Chief Financial Officer & Treasurer Conference Call Participants Stephen Gengaro - Stifel Steve Ferazani - Sidoti Dave Storms - Stonegate Josh Jayne - Daniel Energy Partners Stephen Gengaro - Stifel Operator Greetings, and welcome to the Civeo Corporation Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2025-02-27 14:29:57 |
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| Compared to Estimates, Civeo (CVEO) Q4 Earnings: A Look at Key Metrics |
While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2025-02-27 12:35:55 |
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| Civeo (CVEO) Reports Q4 Loss, Lags Revenue Estimates |
Civeo (CVEO) came out with a quarterly loss of $0.88 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to earnings of $0.06 per share a year ago. |
zacks.com |
2025-02-27 10:55:27 |
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| Civeo Reports Fourth Quarter and Full Year 2024 Results |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the fourth quarter and year ended December 31, 2024. Bradley J. Dodson, Civeo's President and Chief Executive Officer said, “2024 marked our 10-year anniversary as an independent company since our spin-off in 2014, and over that time our business has undergone significant change. Today, having significantly improved our capital structure, we are a diversified company pro. |
businesswire.com |
2025-02-27 08:30:00 |
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| Civeo (CVEO) Soars 7.5%: Is Further Upside Left in the Stock? |
Civeo (CVEO) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road. |
zacks.com |
2025-02-20 11:30:46 |
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| Civeo to Acquire Four Villages in Australian Bowen Basin |
HOUSTON--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has entered into a definitive asset purchase agreement with a private seller for Civeo to acquire four villages with 1,340 rooms in Australia's Bowen Basin and the associated long-term customer contracts. Under the terms of the agreement, Civeo would acquire the assets and customer contracts for total cash consideration of A$105 million, or approximately US$67 million, funded with cash on hand and borrowings from it. |
businesswire.com |
2025-02-19 08:30:00 |
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| Civeo Announces Fourth Quarter 2024 Earnings Conference Call |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its fourth quarter 2024 earnings conference call for Thursday, February 27th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the fourth quarter 2024, which will be released before the market opens on Thursday, February 27, 2025. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally an. |
businesswire.com |
2025-02-18 23:04:00 |
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| Civeo Corporation: This Downturn Offers A Good Buying Opportunity |
Civeo Corporation provides accommodations for natural resource extraction industries in Canada and Australia, showing impressive debt reduction and trading at low valuation multiples. Despite recent revenue drops and mixed financial performance, the company's Australian segment saw significant growth, driven by higher occupancy and increased service demand. Net debt has drastically reduced from $166.9 million in 2021 to $32.2 million, enhancing financial flexibility and reducing long-term risk. |
seekingalpha.com |
2025-02-04 18:13:00 |
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| Civeo Announces Quarterly Dividend |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterly cash dividend of $0.25 per common share, payable on March 17, 2025 to shareholders of record as of close of business on February 24, 2025. For purposes of the Income Tax Act (Canada), the Company has designated this dividend to be an "eligible dividend". About Civeo: Civeo Corporation is a leading provider of hospitality services with prominent market p. |
businesswire.com |
2025-01-31 08:30:00 |
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| Civeo Announces a Six-Year A$1.4 Billion Integrated Services Contract Renewal with Expanded Scope in Australia |
HOUSTON & SYDNEY--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) today announced that it was awarded a six-year contract extension with a leading resources player to provide integrated services at eleven villages in Western Australia, effective January 1, 2025. This contract expands Civeo's scope from operating seven villages to eleven villages. The new contract will incorporate catering and retail services; village, mine and port site cleaning services; facilities maintenance; and the provisi. |
businesswire.com |
2025-01-09 19:00:00 |
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| Civeo Corporation: Some Favorable Narratives, But A Challenging Q4 Beckons |
Civeo, which had been outperforming other micro-caps all through this year, is now underperforming its peer set after a weak Q3. The Canadian operations won't see a sequential pick-up in Q4 on account of seasonal challenges and higher de-mobilization costs, while the implied FCF guide for Q4 also looks weak. Despite challenges in Canada, Civeo's Australian segment shows strong growth, with its owned villages and integrated services seeing strong occupancy. |
seekingalpha.com |
2024-11-14 10:29:43 |
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| Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q3 |
Dallas, Texas--(Newsfile Corp. - November 5, 2024) - Civeo Corporation (NYSE: CVEO) Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo has consistently generated positive free cash flow every year since 2014 and continues to do so. |
newsfilecorp.com |
2024-11-05 19:20:00 |
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| Civeo Corporation (CVEO) Q3 2024 Earnings Call Transcript |
Civeo Corporation (NYSE:CVEO ) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Regan Nielsen - Vice President, Corporate Development and Investor Relations Bradley Dodson - President and CEO Collin Gerry - Chief Financial Officer and Treasurer Conference Call Participants Stephen Gengaro - Stifel Steve Ferazani - Sidoti & Company Dave Storms - Stonegate Sean Mitchell - Daniel Energy Partners Operator Greetings, and welcome to the Civeo Corporation Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. |
seekingalpha.com |
2024-10-30 19:01:05 |
Czytaj oryginał (ang.) |
| Civeo (CVEO) Reports Q3 Earnings: What Key Metrics Have to Say |
While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-10-30 12:36:00 |
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| Civeo (CVEO) Reports Q3 Loss, Tops Revenue Estimates |
Civeo (CVEO) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.61 per share a year ago. |
zacks.com |
2024-10-30 11:01:35 |
Czytaj oryginał (ang.) |
| Civeo Reports Third Quarter 2024 Results |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the third quarter ended September 30, 2024. “Our Australian segment continues to perform well generating solid growth driven by increased billed rooms at our Civeo-owned villages and new business with an existing integrated services customer. As expected, the Canadian segment declined year-over-year with the ongoing wind-down of Canadian LNG-related activity. This declin. |
businesswire.com |
2024-10-30 08:30:00 |
Czytaj oryginał (ang.) |
| Earnings Preview: Civeo (CVEO) Q3 Earnings Expected to Decline |
Civeo (CVEO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2024-10-23 15:07:42 |
Czytaj oryginał (ang.) |
| Civeo Announces Third Quarter 2024 Earnings Conference Call |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the third quarter 2024, which will be released before the market opens on Wednesday, October 30, 2024. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and. |
businesswire.com |
2024-10-16 20:30:00 |
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| Civeo Corporation Announces Renewal of Share Repurchase Authorization |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE: CVEO) announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to 5% of its total common shares outstanding over the next twelve months. Civeo may repurchase shares through open market repurchases and/or privately negotiated transactions, and intends to fund repurchases through cash on hand and cash generated from operations. The timing, price and quantity of. |
businesswire.com |
2024-09-11 22:06:00 |
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| Civeo Corporation: Incredibly Cheap Even After Its Recent Rally |
Civeo Corporation, a niche accommodation service provider for remote natural resource extraction, remains a 'strong buy' due to its undervalued stock and significant upside potential. Despite challenges in Canada, Civeo's revenue grew 5.5% year-over-year, driven by strong performance in Australia and effective cost management. Management's debt reduction efforts are impressive, with net debt falling from $166.9 million in 2021 to $40.1 million in Q2 2024. |
seekingalpha.com |
2024-09-05 14:55:00 |
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| Top 3 Industrials Stocks That May Implode In Q3 |
As of Aug 15, 2024, three stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. |
benzinga.com |
2024-08-15 12:31:38 |
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| Civeo Corporation Announces Amendment and Extension to its Credit Agreement |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today the completion of an amendment and extension to its credit agreement which encompasses all of Civeo's outstanding debt structure of three revolving credit facilities. The following are key aspects of the amended credit agreement: Extends the maturity date of the credit agreement to August 2028; Upsizes total revolving credit facility capacity to $245 million from $200 million; and Reduces borrowing costs. |
businesswire.com |
2024-08-13 20:30:00 |
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| 7 Stocks Set to Explode in August 2024 |
Understanding business fundamentals is crucial for identifying the best stocks. In August 2024, seven companies across various sectors stand out due to their solid attributes. |
investorplace.com |
2024-08-09 10:20:00 |
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| Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q2 |
Dallas, Texas--(Newsfile Corp. - July 31, 2024) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. To view the full announcement, including downloadable images, bios, and more, click here. |
newsfilecorp.com |
2024-07-31 13:17:00 |
Czytaj oryginał (ang.) |
| Civeo (CVEO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates |
While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. |
zacks.com |
2024-07-30 14:36:12 |
Czytaj oryginał (ang.) |
| Civeo (CVEO) Beats Q2 Earnings and Revenue Estimates |
Civeo (CVEO) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.30 per share a year ago. |
zacks.com |
2024-07-30 12:41:16 |
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| Civeo Announces Second Quarter 2024 Earnings Conference Call |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its second quarter 2024 earnings conference call for Tuesday, July 30th, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the second quarter 2024, which will be released before the market opens on Tuesday, July 30, 2024. By Phone: Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for. |
businesswire.com |
2024-07-16 20:30:00 |
Czytaj oryginał (ang.) |
| Civeo Appoints Andrew S. Fraser as President, Canada |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (“Civeo” or the “Company”) (NYSE:CVEO) today announced the appointment of Andrew “Andy” S. Fraser, a dynamic and experienced leader, as President, Canada, effective August 19, 2024. He succeeds Al Schoening, Senior Vice President, Canada, who will retire after serving 13 years at Civeo. Mr. Schoening will work closely with Mr. Fraser to ensure a smooth transition and is expected to remain a consultant for the Company for a period af. |
businesswire.com |
2024-07-02 20:30:00 |
Czytaj oryginał (ang.) |
| Civeo Corp: Still Stellar Even As Shares Lag |
Civeo Corp operates accommodations in remote areas for natural resource extraction companies, offering cheaper alternatives to building their own facilities. The company's revenue has seen weakness, but the stock is still cheap and has potential for meaningful upside. Despite disappointing expectations for the fiscal year, Civeo Corp's stock is undervalued and the company continues to reduce debt. Demand for its services is expected to grow in the long run. |
seekingalpha.com |
2024-06-14 14:19:13 |
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| Civeo Appoints E. Collin Gerry as Chief Financial Officer |
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (“Civeo” or the “Company”) (NYSE:CVEO) today announced the appointment of E. Collin Gerry as the Company's new Senior Vice President, Chief Financial Officer (“CFO”) and Treasurer, effective August 1, 2024, following a comprehensive search process. Barclay Brewer, who served as interim CFO, will assume the role of Vice President, Chief Accounting Officer and will support Mr. Gerry during this transition. Mr. Gerry has held several e. |
businesswire.com |
2024-06-12 10:30:00 |
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