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Civeo reaffirms FY23 revenue view $630-$650M, consensus $645.51M
The Fly

Civeo reaffirms FY23 revenue view $630-$650M, consensus $645.51M

Reaffirms FY23 Adjusted EBITDA view $85M-$95M. The Company is increasing FY23 capital expenditure guidance to $45M-$50M. The increase in capital expenditure guidance is entirely driven by our previously announced contract win in Australia where the customer has requested specific upgrades to three Australian villages. These upgrades will be fully funded by the customer upfront; therefore, the Company is not changing its 2023 free cash flow guidance.

Published first on TheFly

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