Infrastructure and Energy Alternatives, Inc. Announces Second Quarter 2018 Results
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Infrastructure and Energy Alternatives, Inc. (IEA) Reports Q2 EPS of 14c; Announces Acquisition of Saiia and The ACC Companies
August 9, 2018 8:34 AM EDTInfrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) reported Q2 EPS of $0.14 vs $0.17 last year. Revenue for the quarter came in at $174.1 million, versus $106.04 million reported last year.
GUIDANCE:
Infrastructure and Energy Alternatives, Inc. sees FY2018 revenue of $685-730 million.
For the full year 2018, the Company now expects revenue of $685 million to $730 million and Adjusted EBITDA of $64 million to $70 million. This change to prior guidance primarily reflects the delay of commencement of construction on two projects from the fourth quarter of 2018 to the first quarter of 2019 and an anticipated reduction in... More
