Aegion (AEGN) Tops Q1 EPS by 4c
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Aegion Corporation Reports 2016 First Quarter Financial Results
May 2, 2016 6:00 PM EDTAdjusted (non-GAAP) 2016 first quarter earnings were $0.12 per diluted share compared to adjusted earnings of $0.13 per diluted share in the first quarter of 2015. On a GAAP basis, 2016 first quarter loss was $0.11 per diluted share compared to net income of $0.04 per diluted share in the prior year. Consolidated cash and cash equivalents at March 31, 2016 were $127.9 million, an $8.1 million decline from March 31, 2015. The decline in cash and cash equivalents was due substantially to funding for the acquisition of Underground Solutions, Inc. in February 2016. Consolidated contract backlog at March 31, 2016 was $756.7 million, an increase of approximately... More
