Infrastructure and Energy Alternatives, Inc. (IEA) Misses Q4 EPS by 133c, Revenues Beat; Offers FY19 Revenue Mid-Point Outlook Above Consensus

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Go back to Infrastructure and Energy Alternatives, Inc. (IEA) Misses Q4 EPS by 133c, Revenues Beat; Offers FY19 Revenue Mid-Point Outlook Above Consensus

Infrastructure and Energy Alternatives, Inc. Announces Fourth Quarter and Full Year 2018 Financial Results

March 12, 2019 6:00 AM EDT

INDIANAPOLIS, March 12, 2019 (GLOBE NEWSWIRE) -- Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (IEA or the Company), a leading construction services company with specialized energy and heavy civil expertise, today announced financial results for the fourth quarter and full year ended December 31, 2018.

Fourth Quarter Highlights

Revenue of $275.9 million, up 132% year-over-yearBacklog of $2.1 billion at December 31, 2018, up from $1.3 billion at September 30, 2018 and $1.1 billion at December 31, 2017Successful closing on the acquisition of William Charles Construction Group, including Ragnar Benson (William Charles Construction)

Full Year... More