Civeo Corporation (CVEO) Earnings Call Transcripts

Civeo Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Civeo Corporation reported a significant revenue increase of 20% year-over-year, reaching $172.7 million, alongside a remarkable 78% rise in adjusted EBITDA to $22.5 million. The company raised the lower end of its revenue guidance for the fiscal year 2026 to a range of $675 million to $700 million, reflecting strong demand in its Australian integrated services and Canadian operations. However, Civeo maintained its adjusted EBITDA guidance at $85 million to $90 million due to anticipated inflationary pressures and customer cost discipline.

Reported metrics

Guidance from management

Civeo raised the lower end of its revenue guidance for 2026 to $675 million to $700 million, while maintaining adjusted EBITDA guidance at $85 million to $90 million due to inflationary pressures and customer cost discipline.

What management said

It would be turnaround activity. It would be inflationary pressures in Australia, more so in Canada and then to a prior comment, it would also be if any project work kicks off this year. We've won a little bit of work for our mobile camp business, which we had budgeted for later in the year. So that speculative amount of work that we had budgeted. We feel much better about now. That project will kick off here in the ...

Well, the term of deploying assets for a construction project is -- that's a material consideration. And so obviously, we would be -- we had our druthers, we would win work that has a longer duration. I would say, generally, what we're seeing today is 2- to 4-year projects. Some are a little bit longer, but I haven't seen a lot that are over 5 years. So these are construction projects and the need for accommodations ...

What analysts pressed on

Analysts expressed concerns about the potential impact of inflation on margins and the timing of customer turnaround activities. There were also questions regarding labor availability in Australia and its effect on operational efficiency.

Main topics on the call

• Revenue Growth — Civeo achieved a 20% increase in consolidated revenue, driven by improved occupancy in Canada and growth in the Australian integrated services business. Management noted, "We delivered a strong start to 2026, outperformi...
• Adjusted EBITDA Surge — Adjusted EBITDA rose 78% to $22.5 million, reflecting higher occupancy and improved margins in Canada. This growth was attributed to structural cost improvements implemented in the previous year.
• Guidance Update — Civeo raised the lower end of its revenue guidance for 2026 to $675 million from $650 million, signaling confidence in ongoing momentum. However, adjusted EBITDA guidance remains unchanged due to inflationary concerns.
• Capital Allocation Strategy — The company continued its disciplined capital allocation strategy, repurchasing approximately 500,000 shares, representing 4% of outstanding shares. Management emphasized a balanced approach to returning capital to share...

Read the full Civeo Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Civeo Corporation earnings call transcripts on record, spanning February 27, 2020 to July 30, 2026. Based on this history, Civeo Corporation reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CVEO

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Commercial Services and Supplies

Calls on record

30

First call

February 27, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly