In the Q2, Civeo Corp's corporate clients experienced a drop by -100 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -100 %. During the corresponding time, Civeo Corp recorded a revenue increase by 10.65 % year on year, sequentially revenue grew by 4.26 %. While revenue at the Civeo Corp's corporate clients recorded rose by 41.44 % year on year, sequentially revenue grew by 34.6 %.
The company provides services supporting day-to-day operations and hospitality accommodations primarily in active metallurgical coal, oil, iron ore, and liquefied natural gas (LNG) producing regions. Its customers include mining companies, major and independent oil companies, construction and engineering firms, and oilfield and mining service companies. The company’s services span the lifecycle of customer projects from exploration and construction to long-term production, utilizing integrated services in customer-owned facilities, scalable lodge or village models, and a fleet of mobile assets. It owns and operates 26 lodges and villages with approximately 26,500 rooms and manages about 19,500 rooms across 24 customer-owned locations.
Civeo’s Comment on Sales, Marketing and Customers
The company provides services supporting day-to-day operations and hospitality accommodations primarily in active metallurgical coal, oil, iron ore, and liquefied natural gas (LNG) producing regions. Its customers include mining companies, major and independent oil companies, construction and engineering firms, and oilfield and mining service companies. The company’s services span the lifecycle of customer projects from exploration and construction to long-term production, utilizing integrated services in customer-owned facilities, scalable lodge or village models, and a fleet of mobile assets. It owns and operates 26 lodges and villages with approximately 26,500 rooms and manages about 19,500 rooms across 24 customer-owned locations.
Sources:
Civeo Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Civeo Corp’s corporate clients.
For your research, we’ve provided 9 tables on Civeo Corp corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
68.34 %