Civeo: Q4 Earnings Snapshot
By AP News
Published - Feb 28, 2023, 06:51 AM ET
Last Updated - Jun 22, 2023, 07:08 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Civeo Corp. (CVEO) on Tuesday reported a fourth-quarter loss of $12.7 million, after reporting a profit in the same period a year earlier.
The Houston-based company said it had a loss of $1.31 per share. Losses, adjusted for asset impairment costs, were 98 cents per share.
The provider of remote-site workforce housing posted revenue of $162.2 million in the period.
For the year, the company reported net income of $4 million, or 21 cents per share, swinging to a profit in the period. Revenue was reported as $697.1 million.
