Aegion (AEGN) Tops Q1 EPS by 4c

Aegion (NASDAQ: AEGN) reported Q1 EPS of $0.12, $0.04 better than the analyst estimate of $0.08. Revenue for the quarter came in at $293.9 million versus the consensus estimate of $282.97 million.

Aegion’s President and Chief Executive Officer, Charles R. Gordon commented, “Our first quarter operating results were in line with our expectations and represent a good start to the year. We plan to take advantage of stable conditions across many of the Company’s end markets, realize our cost reduction targets and improve execution to deliver full year 2016 adjusted earnings per share in line with 2015 results. The acquisition of Underground Solutions and the divestiture of our Canadian pipe coating business earlier this year are examples of how we are aligning our portfolio around two strategic markets, urban infrastructure and midstream pipelines. These core markets provide the Company with the opportunity for long-term stable organic growth.”

For earnings history and earnings-related data on Aegion (AEGN) click here.

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