Curated News
By: NewsRamp Editorial Staff
May 01, 2025
Stonegate Capital Partners Updates Coverage on Civeo Corporation with Insightful Analysis
TLDR
- Civeo Corporation increased share repurchase authorization to 20% and uses 100% of FCF for buybacks.
- Civeo reported negative free cash flow of ($13.5M) due to negative operating cash flow and capital expenditures.
- Civeo aims for long-term free cash flow generation and cost-cutting measures to enhance financial flexibility.
- Stonegate Capital Partners updates their coverage on Civeo Corporation, highlighting performance in Canadian and Australian segments.
Impact - Why it Matters
This news matters as it provides a comprehensive overview of Civeo Corporation's financial performance, segment analysis, strategic initiatives, and future outlook. Investors and stakeholders can gain valuable insights into the company's operations, challenges, and growth opportunities, which can help them make informed decisions regarding their investment strategies.
Summary
Stonegate Capital Partners updates their coverage on Civeo Corporation, noting the company's negative free cash flow in 1Q25 and increased share repurchase authorization. Despite challenges in the Canadian segment, the Australian segment showed growth and strategic expansion. Civeo revised its 2025 guidance and provided insights on its valuation.
Source Statement
This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Stonegate Capital Partners Updates Coverage on Civeo Corporation with Insightful Analysis
