AES Corp (AES) Tops Q1 EPS by 3c; Reaffirms

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Go back to AES Corp (AES) Tops Q1 EPS by 3c; Reaffirms

AES Advances Its Strategic Transformation and Delivers Strong First Quarter 2018 Results

May 8, 2018 7:06 AM EDT

Q1 2018 Strategic Highlights

Closed sale of Philippines businesses at an attractive valuation Allocated $1 billion to prepay Parent debt and improve credit ratings Restructured 531 MW Alto Maipo hydroelectric project under construction in Chile Implemented $100 million cost savings program Signed long-term PPAs for 838 MW of renewables

Q1 2018 Financial Highlights

Diluted EPS of $1.03, compared to Q1 2017 Diluted Loss Per Share of ($0.04) Adjusted EPS of $0.28, compared to Q1 2017 Adjusted EPS of $0.17... More