Civeo Corporation (NYSE:CVEO) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET
Company Participants
Regan Nielsen - Senior Director, Corporate Development & IR
Bradley Dodson - President and CEO
Carolyn Stone - SVP and CFO
Conference Call Participants
Steve Ferazani - Sidoti & Company
Stephen Gengaro - Stifel
Dave Storms - Stonegate
Operator
Greetings and welcome to the Civeo Corporation First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] And as a reminder, this conference is being recorded.
It is now my pleasure to introduce to you, Regan Nielsen, Vice President of Corporate Development and Investor Relations. Thank you, Regan. You may begin.
Regan Nielsen
Thank you and welcome to Civeo's First Quarter 2023 Earnings Conference Call. Today, our call will be led by Bradley Dodson, Civeo's President and Chief Executive Officer; and Carolyn Stone, Civeo's Senior Vice President, Chief Financial Officer and Treasurer.
Before we begin, we would like to caution listeners regarding forward-looking statements. To the extent that our remarks today contain anything other than historical information, please note that we're relying on the safe harbor protections afforded by federal law. Any such remarks should be read in the context of the many factors that affect our business, including risks and uncertainties disclosed in our Forms 10-K, 10-Q and other SEC filings.
I'll now turn the call over to Bradley.
Bradley Dodson
Thank you, Regan and thank you all for joining us today for our first quarter earnings call. I'll start with the key takeaways for the first quarter and then give a brief summary of our first quarter 2023 deployments. After which, Carolyn will provide a financial and segment level review. I'll conclude with our updated full year 2023 guidance and reasonable assumptions underlying that guidance. And then, we will open the call for questions.
The key takeaways from our call today are, the first quarter 2023 results were in line with our expectations and reflect the normal seasonality of our business. To remind everyone again in the second and third quarters are typically our strongest quarters with turnaround activity, or main activity, particularly in Canada.
Today, we announced five additional contract awards across several of our Bowen Basin villages in Australia with expected revenues totaling AUD175 million, raising our revenue visibility and our own diligence business.