United Kingdom

Aegion Corp (AEGN.OQ)

AEGN.OQ on NASDAQ Stock Exchange Global Select Market

21 Mar 2018
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Latest Key Developments (Source: Significant Developments)

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

Aegion Corp announces new $10 mln share repurchase program
Wednesday, 17 Aug 2016 

Aegion Corp : Aegion corporation announces new $10 million share repurchase program . Aegion corporation announces new $10 million share repurchase program . Authorization under new repurchase program is in addition to any shares purchased during 2016 under current/former repurchase programs .New repurchase program will begin immediately following completion of currently authorized $20.0 million share repurchase program.  Full Article

Aegion Q2 adjusted non-GAAP share $0.23
Monday, 1 Aug 2016 

Aegion Corp : Aegion Corporation reports 2016 second quarter financial results . Q2 adjusted non-GAAP earnings per share $0.23 . Q2 earnings per share $0.10 . Qtrly revenues $297.7 million versus $337.1 million . Q2 earnings per share view $0.22 -- Thomson Reuters I/B/E/S . Contract backlog was $752 million at June 30, 2016, including record backlog for cathodic protection services . 2016 restructuring was substantially completed in Q2'16 with expected pre-tax annual cost reductions of $17 million . Aegion Corp says "Adjusted 2016 EPS will likely fall below adjusted result in 2015" . Says expect adjusted H2 2016 EPS to be largely in line with prior year period .Q2 revenue view $305.0 million -- Thomson Reuters I/B/E/S.  Full Article

Aegion Corp secures Municipal Contract from City of West Palm Beach, Florida
Monday, 11 Apr 2016 

Aegion Corp:Award of a $6.8 million contract from the City of West Palm Beach, Florida for its Insituform Technologies, LLC subsidiary.Insituform is expected to begin the project in May 2016.  Full Article

BRIEF-Aegion Corp - ‍ Executed A Second Amendment To Current Credit Agreement