Civeo Sees FY24 Revenue $675M-$700M, Adjusted EBITDA $83M-$88M, Maintains Capital Expenditures Guidance $30M-$35M
Portfolio Pulse from Benzinga Newsdesk
Civeo projects its FY24 revenue to be between $675M and $700M, with an adjusted EBITDA of $83M to $88M. The company maintains its capital expenditures guidance at $30M to $35M.
October 30, 2024 | 10:35 am
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Civeo has provided its financial outlook for FY24, projecting revenue between $675M and $700M, and adjusted EBITDA between $83M and $88M. The company also maintains its capital expenditures guidance at $30M to $35M.
Civeo's financial projections for FY24 indicate a stable outlook with expected revenue and EBITDA growth. Maintaining capital expenditures guidance suggests a consistent investment strategy. This positive financial outlook is likely to have a favorable impact on CVEO's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100