Civeo Maintains FY24 Revenue Guidance Range Of $625M-$700M, Est $653.562M
Portfolio Pulse from Benzinga Newsdesk
Civeo maintains its FY24 revenue guidance range of $625M-$700M, with an estimated $653.562M. The company also reaffirms its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M for the full year of 2024.
April 26, 2024 | 10:34 am
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Civeo maintains its FY24 revenue guidance of $625M-$700M, with an estimated $653.562M, and reaffirms its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M.
Maintaining revenue and EBITDA guidance suggests stability and confidence in the company's financial outlook, which is likely to be viewed positively by investors. The reaffirmation of capital expenditure guidance also indicates a steady investment strategy, supporting future growth. These factors combined suggest a positive short-term impact on CVEO's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100