Civeo Corporation (CVEO) Q3 2024 Earnings Call Transcript Summary
Civeo Corporation (CVEO) Q3 2024 Earnings Call Transcript Summary
Cash flow generation remained strong with operating cash flow at $35.7 million and free cash flow of $28.3 million.The following is a summary of the Civeo Corporation (CVEO) Q3 2024 Earnings Call Transcript:
以下是 civeo 公司 (CVEO) 2024年第三季度業績會 記要:
Financial Performance:
金融業績：
Q3 2024 total revenue was reported at $176.3 million, with adjusted EBITDA of $18.8 million.
Net loss stood at $5.1 million, equating to $0.36 per diluted share.
Cash flow generation remained strong with operating cash flow at $35.7 million and free cash flow of $28.3 million.
Decrease in Canadian segment revenue primarily due to the sale of McClelland Lake Lodge and lower lodge billed rooms due to Canadian wildfires.
Australian segment revenues increased 33% year-over-year to $116.6 million, driven by a rise in billed rooms and increased integrated services activity.
2024 revenue and adjusted EBITDA guidance tightened to $675 million to $700 million and $83 million to $88 million respectively.
2024年第三季度總營業收入報告爲17630萬美元，調整後的EBITDA爲1880萬美元。
淨虧損爲510萬美元，相當於每股攤薄盈利爲0.36美元。
現金流生成保持強勁，經營性現金流爲3570萬美元，自由現金流爲2830萬美元。
由於McClelland Lake Lodge的出售以及由於加拿大森林大火導致加拿大住宿房間減少，加拿大業務收入減少。
澳大利亞業務收入同比增長33%，達到11660萬美元，主要受住宿房間增加和綜合服務活動增加的推動。
2024年營業收入和調整後的EBITDA指導範圍分別調整爲67500萬至70000萬美元和8300萬至8800萬美元。
Business Progress:
業務進展：
Civeo secured a 33-month contract renewal with a major Canadian oil sands producer, locking in about CAD150 million in future revenues.
Australian integrated services business continues to expand, aiming to grow its revenues to AUD500 million by 2027.
Despite challenges in Canada from wildfires and decreased mobile camp activity, Civeo remains focused on optimizing operations and diversifying its business.
civeo與一家重要的加拿大油砂生產商簽訂了爲期33個月的合同續約，鎖定未來約15000萬加元的營業收入。
澳大利亞綜合服務業務繼續擴張，力爭到2027年將營業收入增長至50000萬澳元。
儘管在加拿大面臨野火和移動營地活動減少等挑戰，civeo仍專注於優化運營和拓展其業務。
Opportunities:
機會：
Civeo anticipates continued strong demand in Australian regions with full occupancy at several owned villages, supporting future growth driven by recent contract wins and expansion of existing customer relationships.
Contract renewal with a major Canadian oil sands producer enhances revenue visibility and strengthens stability in Civeo's operations.
civeo預計澳大利亞地區的需求依然強勁，幾個自有村莊已滿員，支撐未來增長的是最近簽訂的合同以及擴大現有客戶關係。
與一家重要的加拿大油砂生產商續簽合同提升了營收的可見度，並增強了civeo運營的穩定性。
Risks:
風險：
Financial performance in the Canadian segment was negatively impacted by wildfires leading to lower lodge billed rooms and temporary disruptions.
The sale of McClelland Lake Lodge and the wind-down of LNG-related activity have presented ongoing challenges to maintaining revenue and EBITDA levels in Canada.
加拿大業務的財務表現受到野火的影響，導致住宿客房減少和暫時性中斷。
麥克萊蘭湖小屋的出售和液化天然氣相關活動的逐漸減少，給在加拿大維持營業收入和EBITDA水平帶來持續挑戰。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
