Ameron (AMN) Tops Q3 EPS by 6c, Revs Light
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Ameron International Corporation (NYSE: AMN) reports Q3 EPS of $0.65, 6 cents better than the analyst estimate of $0.59. Revenue for the quarter was $131.4 million, which compares to the estimate of $142.9 million.
James S. Marlen, Ameron’s Chairman and Chief Executive Officer stated, “On balance, our core operations performed very well during the third quarter considering the continuation of the global economic slowdown and the lack of infrastructure spending, specifically. The earnings decline in the quarter can be attributed equally to the decline in core businesses and to the challenging market conditions experienced by TAMCO. While TAMCO’s quarterly net loss was lower than earlier in 2009, the year-over-year decline was significant.”
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