Civeo Corp 1Q 2026: Revenue $172.67M, EPS ($0.34) — 10-Q Summary
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Civeo Corp reported a revenue of $172.67M for Q1 2026, up 19.9% from $144.04M a year ago. The company experienced a net loss of $3.81M, with a diluted loss per share of $0.34, an improvement from the previous year's loss of $9.84M and $0.72 per share. Growth was driven by an acquisition in Australia and increased Canadian operations, despite rising operating costs due to labor market tightness and inflation. Canadian gross margin improved significantly to 19.4%.
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