Aegion (AEGN) Tops Q1 EPS by 3c

After the close, Aegion (NASDAQ: AEGN) reported Q1 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $306.23 million versus the consensus estimate of $271.5 million.

Aegion reaffirmed FY2014 EPS of $1.50-$1.70.

J. Joseph Burgess, Aegion’s President and Chief Executive Officer, commented, “The results in the first quarter were ahead of our expectation as the North American operations of our Water and Wastewater platform increased crew utilization and productivity due to more favorable weather conditions in the month of March. The performance of our other businesses was within prior expectations. We believe market conditions remain favorable for the key businesses that are predicted to drive our performance in 2014. This is reflected by our solid backlog position at the end of the first quarter, which affirms our outlook for the full year and expectations for non-GAAP earnings per share from continuing operations to be in the range of $1.50 to $1.70.”

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

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