Civeo Reports Third Quarter 2019 Results
HOUSTON CALGARY--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the third quarter ended September 30, 2019. Highlights include: Reported third quarter revenues of $148.2 million, net income of $4.5 million and operating cash flow of $23.6 million Delivered third quarter Adjusted EBITDA of $36.2 million, up 62% year-over-year, and free cash flow of $20.3 million Reduced leverage ratio from 4.26x as of June 30, 2019 to 3.52x as of September 30,
Civeo Reports Third Quarter 2019 Results
HOUSTON CALGARY--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) today reported financial and operating results for the third quarter ended September 30, 2019. Highlights include: Reported third quarter revenues of $148.2 million, net income of $4.5 million and operating cash flow of $23.6 million Delivered third quarter Adjusted EBITDA of $36.2 million, up 62% year-over-year, and free cash flow of $20.3 million Reduced leverage ratio from 4.26x as of June 30, 2019 to 3.52x as of September 30,