Aegion (AEGN) Tops Q3 EPS by 4c

Aegion (NASDAQ: AEGN) reported Q3 EPS of $0.32, $0.04 better than the analyst estimate of $0.28.

• Q3’17 loss per diluted share was $2.23 compared to income of $0.34 per diluted share in Q3’16. Adjusted (non-GAAP)1 Q3’17 earnings per diluted share were $0.32 compared to $0.32 in Q3’16. Unadjusted results per diluted share include after-tax charges for restructuring and divestiture activities of $0.21 and impairment of intangibles of $2.34.
• New orders for the first nine months of 2017 increased 26.2 percent to $1.1 billion compared to $867 million in the prior year period. Contract backlog as of September 30, 2017 was $756 million, an increase of $141 million from contract backlog at September 30, 2016, each excluding backlog for the large deepwater pipe coating and insulation project, which was substantially completed in Q2’17.
• Cash flow from operating activities in Q3'17 provided $34 million versus $27 million provided in Q3'16.
• The Company's Board of Directors has approved a $40 million open market share repurchase program for 2018.

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

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