About Civeo Corporation (Canada) Common Shares (CVEO)
Civeo Corp is a leading provider of workforce accommodation solutions, primarily catering to the energy, natural resources, and construction sectors. The company specializes in the design, development, and management of remote lodging facilities that offer essential services and amenities to support personnel working in isolated or challenging environments. Civeo focuses on creating comfortable living conditions, including dining, recreational, and administrative services, ensuring that workers have a conducive environment to maintain productivity during their assignments. Through its innovative approach and commitment to sustainability, Civeo enhances the living experience of workers while addressing the unique needs of industries operating in remote areas. Read More
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.
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.
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.
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.
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".
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.
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.
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 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:
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.
