American Electric Technologies (AETI) Tops Q2 EPS by 3c

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Go back to American Electric Technologies (AETI) Tops Q2 EPS by 3c

AETI Announces 2nd Quarter and 1st Half 2014 Results, Provides Update on Strategic Initiatives

August 13, 2014 7:00 AM EDT

Q2 earnings from continuing operations up 25% from the first quarter to $0.11 per share   Oil & gas-related revenue up 11% in quarter, 31% for 1st half   Backlog up 26% from first quarter levels   Company completes strategic review of  American Access Technologies business, announces pending sale   Withdrawal from Brazil joint venture complete; wholly owned M&I Brazil launched

HOUSTON, Aug. 13, 2014 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq: AETI), a leading supplier of power delivery solutions for the global energy industry, today announced its second quarter 2014 financial results and an update on its... More