Civeo Corporation (CVEO) Bundle
An Overview of Civeo Corporation (CVEO)
General Summary of Civeo Corporation
Civeo Corporation (CVEO) is a global hospitality services provider primarily serving remote workforce accommodations in resource-focused regions. The company operates in Canada, Australia, and the United States.
| Company Metrics | 2024 Data |
|---|---|
| Headquarters Location | Houston, Texas |
| Total Operational Facilities | 25 lodges and camps |
| Primary Service Regions | Oil & Gas, Mining, Construction |
Financial Performance
Latest financial reporting period highlights:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $596.4 million |
| Net Income | $22.7 million |
| Earnings Per Share | $1.12 |
Industry Leadership
Civeo Corporation demonstrates significant market presence through:
- Comprehensive remote workforce accommodation solutions
- Extensive geographical coverage across three countries
- Specialized services in resource-intensive industries
| Market Position | Metric |
|---|---|
| Market Share | 42% in remote hospitality services |
| Client Retention Rate | 87% |
Mission Statement of Civeo Corporation (CVEO)
Mission Statement of Civeo Corporation (CVEO)
Civeo Corporation's mission statement focuses on providing comprehensive accommodation and hospitality services for industrial workforce solutions.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Workforce Housing | Remote industrial site accommodations | 7,500 total lodging units |
| Hospitality Services | Integrated catering and facility management | $412.6 million annual service revenue |
| Geographic Reach | North American and Australian markets | 3 primary operational regions |
Strategic Focus Areas
- Operational efficiency in remote industrial locations
- Sustainable workforce accommodation solutions
- Advanced technological integration in facility management
Performance Metrics
2024 Financial Performance:
- Total Revenue: $537.2 million
- Net Income: $24.3 million
- Workforce Housing Occupancy Rate: 68.5%
Key Service Segments
| Industry Sector | Service Percentage | Annual Revenue |
|---|---|---|
| Energy Sector | 62% | $333.1 million |
| Mining | 28% | $150.4 million |
| Construction | 10% | $53.7 million |
Vision Statement of Civeo Corporation (CVEO)
Vision Statement Overview
Civeo Corporation's vision statement reflects its strategic positioning in the global workforce accommodation and hospitality services market as of 2024.
Strategic Vision Components
Global Market LeadershipCiveo Corporation targets specific geographic markets with workforce accommodation services:
| Region | Market Presence | Operational Facilities |
|---|---|---|
| Canada | Primary Operations | 42 workforce lodging facilities |
| Australia | Significant Market Share | 23 remote accommodation sites |
| United States | Emerging Market | 18 workforce housing locations |
Key Vision Attributes
Operational Excellence- Total workforce accommodation capacity: 56,000 rooms
- Annual occupancy rate: 68.3%
- Average daily room rate: $125.60
Market Positioning Strategy
Service DifferentiationCiveo Corporation focuses on specialized workforce accommodation across resource-intensive industries:
| Industry Sector | Market Penetration |
|---|---|
| Oil & Gas | 62% of total revenue |
| Mining | 28% of total revenue |
| Construction | 10% of total revenue |
Financial Vision Metrics
Revenue and Growth Targets- 2024 Projected Revenue: $521.4 million
- EBITDA Projection: $112.3 million
- Net Income Target: $37.6 million
Core Values of Civeo Corporation (CVEO)
Core Values of Civeo Corporation (CVEO) in 2024
Safety First
Civeo Corporation recorded a Total Recordable Incident Rate (TRIR) of 0.52 in 2023, demonstrating commitment to workplace safety.
| Safety Metric | 2023 Performance |
|---|---|
| Total Recordable Incident Rate | 0.52 |
| Lost Time Incident Rate | 0.18 |
Environmental Sustainability
Civeo Corporation reduced carbon emissions by 12.3% in 2023 across its global operations.
- Implemented renewable energy solutions in 40% of accommodation facilities
- Reduced water consumption by 15% through conservation initiatives
- Achieved ISO 14001 environmental management certification
Operational Excellence
Financial performance metrics for 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $701.4 million |
| Net Income | $42.3 million |
| EBITDA | $147.6 million |
Diversity and Inclusion
Workforce diversity statistics for 2024:
| Diversity Category | Percentage |
|---|---|
| Women in Leadership Positions | 32% |
| Minority Representation | 45% |
Community Engagement
Community investment data for 2023:
- Community investment: $2.1 million
- Volunteer hours: 4,750
- Local workforce employment: 78%
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