Earnings Call Summary | Civeo(CVEO.US) Q2 2024 Earnings Conference
Earnings Call Summary | Civeo(CVEO.US) Q2 2024 Earnings Conference
The following is a summary of the Civeo Corporation (CVEO) Q2 2024 Earnings Call Transcript:
以下是 Civeo 公司 (CVEO) 2024 年 Q2 業績會交流摘要:
Financial Performance:
金融業績：
Civeo reported a Q2 2024 revenue of $188.7 million, with a net income of $8.2 million and earnings per share of $0.56.
Adjusted EBITDA for Q2 was $31.3 million, with Australian segment EBITDA up 10% year-over-year and Canadian segment EBITDA decreasing due to the wind-down of LNG-related mobile camp activity.
Operating cash flow stood at $32.4 million, and free cash flow was reported at $30.9 million.
Civeo 報告 Q2 2024 年營業收入 $18870萬，淨利潤 $820萬，每股收益爲 $0.56。
Q2 調整後 EBITDA 爲 $3130萬，澳大利亞地區 EBITDA 比去年同期增長了 10%，加拿大地區 EBITDA 減少，因爲液化天然氣相關流動工地活動正在逐漸減少。
運營現金流爲 $3240萬，自由現金流報告爲 $3090萬。
Business Progress:
業務進展：
Civeo aims to grow its Australian Integrated Services revenues to $500 million by 2027, backed by increased demand and recent contract wins in this segment.
The company is executing a demobilization process for mobile camp activities, expected to be completed in the third quarter of 2024.
Share repurchase activities continued, with approximately 274,000 shares bought back during Q2 2024.
Civeo 計劃通過增加需求和最近在該領域中獲得的合同贏得，在 2027 年將其澳大利亞綜合服務收入增加到 $50000萬。
該公司正在進行鍼對流動工地活動的撤離過程，預計將於 2024 年第三季度完成。
股份回購活動繼續進行，Q2 2024 年回購了約 274,000 股。
Opportunities:
機會：
Civeo plans to expand its capacity in Australia, including potential acquisitions and adding around 100 rooms in the Bowen Basin, subject to customer commitments and regulatory permissions.
Integrated services in Australia are expected to witness significant growth with the company looking to win new contracts and expand existing relationships.
Civeo 計劃擴大其澳大利亞業務，並增加 Bowen Basin 約 100 間客房，具體取決於客戶承諾和監管許可。
該公司希望贏得新合同並擴大現有關係，預計澳大利亞的綜合服務將會有顯著增長。
Risks:
風險：
Ongoing wildfires in Western Canada, including Civeo's operating regions, pose operational risks; however, no material financial impact is currently expected from these fires.
西部地區的持續野火，包括 Civeo 的業務區域，可能帶來操作風險；然而，目前沒有預計到會受到這些火災的重大財務影響。
More details: Civeo IR
更多細節請見 Civeo IR。
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。