CVEO Q2 2023 Earnings — Civeo Corporation Revenue & Financial Results | Market Cap Arena

CVEOCiveo Corporation

$360M

Q2 2023 Earnings

Industrials Specialty Business Services

Income Statement

Revenue

$179M-3.3% YoY

Gross Profit

$47M26.5% margin

Operating Income

$10M5.7% margin

Net Income

$4M2.5% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+6.7%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$12M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$559M

Total Liabilities

$264M

Stockholders' Equity

$292M

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$179M	$185M	-3.3%
Gross Profit	$47M	$55M	-13.6%
Operating Income	$10M	$14M	-28.6%
Net Income	$4M	$10M	-53.4%

Revenue Segments

Service and Other

$179M100%

Product

$298,0000%

Mobile Facility Rental

$13,0000%

Geographic Segments

Canada Segment

$95M54%

Australia Segment

$83M46%