American Electric Technologies (AETI) Misses Q3 EPS by 6c

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Go back to American Electric Technologies (AETI) Misses Q3 EPS by 6c

AETI Announces Third Quarter Results

November 16, 2015 7:01 AM EST

HOUSTON, Nov. 16, 2015 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (NASDAQ: AETI), a leading provider of power delivery solutions for the global energy industry, today announced its third quarter 2015 financial results.

The Company reported consolidated revenue of $13.8 million for the quarter, up 12% from $12.3 million in the second quarter, but down from $14.3 million in the third quarter of 2014.

Gross margins increased to 19% during the quarter from 17% in Q2 of this year and up from 3% in Q3 of 2014. Gross margins in the third quarter of 2014 were adversely affected by project... More