Civeo Expects FY24 Revenues Of $625M-$700M Vs. 623.11M Estimate, Sees Adjusted EBITDA Of $80M-$90M And Capital Expenditures Of $30M-$35M
Portfolio Pulse from Benzinga Newsdesk
Civeo projects its FY24 revenues to be between $625M-$700M, surpassing the $623.11M estimate. The company also anticipates adjusted EBITDA to range from $80M-$90M and plans for capital expenditures of $30M-$35M.

February 29, 2024 | 11:40 am
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Civeo expects FY24 revenues to exceed estimates with adjusted EBITDA of $80M-$90M and capital expenditures of $30M-$35M.
Civeo's projection of FY24 revenues exceeding estimates suggests a positive outlook for the company's financial performance. The anticipated increase in revenues and adjusted EBITDA indicates operational efficiency and potential for growth, likely leading to a positive short-term impact on the stock price. The planned capital expenditures reflect the company's investment in its future growth, further supporting a positive outlook.
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