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Aegion Corp (AEGN.OQ)

AEGN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Aegion Corporation Reports Q2 Earnings Per Share $0.24
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - Aegion Corp ::ORATION REPORTS 2018 SECOND QUARTER FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.24.Q2 EARNINGS PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.34.CONTRACT BACKLOG AS OF JUNE 30, 2018 REMAINS AT $738 MILLION.QTRLY REVENUES $335.03 MILLION VERSUS $354.5 MILLION.Q2 REVENUE VIEW $336.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aegion Corp appoints David Morris as chief financial officer effective April 17, 2018
Thursday, 19 Apr 2018 

April 18 (Reuters) - Aegion Corp ::ORATION ANNOUNCES MANAGEMENT TRANSITIONS.APPOINTMENT OF DAVID F. MORRIS AS ITS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 17, 2018.  Full Article

David Martin resigns as Aegion Corp CFO
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Aegion Corp :Aegion corporation announces CFO transition.Aegion - ‍effective November 18, 2017, David A. Martin has resigned his positions as executive vice president and chief financial officer of company​.Aegion Corp - ‍David Morris has been appointed as company's interim chief financial officer to serve until a permanent chief financial officer is hired​.Aegion Corp - ‍intends to consider both internal and external candidates in its search for a permanent chief financial officer​.  Full Article

Aegion Corp reports Q3 loss per share $2.23
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Aegion Corp :Aegion Corp reports 2017 third quarter financial results.Q3 adjusted non-GAAP earnings per share $0.32.Q3 loss per share $2.23.Q3 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Aegion Corp - ‍contract backlog as of September 30, 2017 was $756 million​.Aegion Corp - ‍on October 25, 2017, Aegion's board of directors authorized a program to repurchase up to $40.0 million of company's common stock in 2018​.  Full Article

Aegion provides update on strategic actions, other Q3 activities
Monday, 2 Oct 2017 

Oct 2 (Reuters) - Aegion Corp ::Provides an update on strategic actions and other third-quarter activities.Plan to divest corrosion protection platform's pipe coating and insulation business in Louisiana​.Total annual savings from all restructuring activities and other cost reduction initiatives are estimated to be in excess of $17 mln.Implementation of cost reduction initiatives across company​.Company performed an impairment assessment of long-lived assets and goodwill for Fyfe reporting unit​.Total annual savings from all restructuring activities and other cost reduction initiatives expected to be fully realized in 2018​.Will incur a non-cash, pre-tax impairment charge of approximately $85 mln for long-lived intangibles and goodwill in Q3 of 2017​.Total cash costs associated with restructuring actions are estimated to be $12 mln to $15 mln.Approximately $3 million of annual savings are also anticipated to be realized from reduction in annual amortization of intangibles in 2018.Annual savings are expected to be between $2 mln and $3 mln in Australia and Denmark, with cash restructuring costs of $3 mln to $4 mln.Performance issues in portions of business, impact on operations from hurricanes are expected to impact Q3 operating results by $0.10/diluted share​.Will be difficult to recover in Q4 from impact of recent hurricanes​.Will be difficult to recover from financial challenges experienced in Q3 in Denmark, Australia and Fyfe North America.  Full Article

BRIEF-Aegion Corporation Reports Q1 Loss Per Share Of $0.06

* Q1 EARNINGS PER SHARE VIEW $0.13 -- THOMSON REUTERS I/B/E/S