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Aegion Corp (AEGN.OQ)

AEGN.OQ on NASDAQ Stock Exchange Global Select Market

27.22USD
8 Dec 2017
Change (% chg)

$0.23 (+0.85%)
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Latest Key Developments (Source: Significant Developments)

David Martin resigns as Aegion Corp CFO
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Aegion Corp :Aegion corporation announces CFO transition.Aegion - ‍effective November 18, 2017, David A. Martin has resigned his positions as executive vice president and chief financial officer of company​.Aegion Corp - ‍David Morris has been appointed as company's interim chief financial officer to serve until a permanent chief financial officer is hired​.Aegion Corp - ‍intends to consider both internal and external candidates in its search for a permanent chief financial officer​.  Full Article

Aegion Corp reports Q3 loss per share $2.23
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Aegion Corp :Aegion Corp reports 2017 third quarter financial results.Q3 adjusted non-GAAP earnings per share $0.32.Q3 loss per share $2.23.Q3 earnings per share view $0.28 -- Thomson Reuters I/B/E/S.Aegion Corp - ‍contract backlog as of September 30, 2017 was $756 million​.Aegion Corp - ‍on October 25, 2017, Aegion's board of directors authorized a program to repurchase up to $40.0 million of company's common stock in 2018​.  Full Article

Aegion provides update on strategic actions, other Q3 activities
Tuesday, 3 Oct 2017 

Oct 2 (Reuters) - Aegion Corp ::Provides an update on strategic actions and other third-quarter activities.Plan to divest corrosion protection platform's pipe coating and insulation business in Louisiana​.Total annual savings from all restructuring activities and other cost reduction initiatives are estimated to be in excess of $17 mln.Implementation of cost reduction initiatives across company​.Company performed an impairment assessment of long-lived assets and goodwill for Fyfe reporting unit​.Total annual savings from all restructuring activities and other cost reduction initiatives expected to be fully realized in 2018​.Will incur a non-cash, pre-tax impairment charge of approximately $85 mln for long-lived intangibles and goodwill in Q3 of 2017​.Total cash costs associated with restructuring actions are estimated to be $12 mln to $15 mln.Approximately $3 million of annual savings are also anticipated to be realized from reduction in annual amortization of intangibles in 2018.Annual savings are expected to be between $2 mln and $3 mln in Australia and Denmark, with cash restructuring costs of $3 mln to $4 mln.Performance issues in portions of business, impact on operations from hurricanes are expected to impact Q3 operating results by $0.10/diluted share​.Will be difficult to recover in Q4 from impact of recent hurricanes​.Will be difficult to recover from financial challenges experienced in Q3 in Denmark, Australia and Fyfe North America.  Full Article

Aegion Corp announces new $10 mln share repurchase program
Thursday, 18 Aug 2016 

Aegion Corp : Aegion corporation announces new $10 million share repurchase program . Aegion corporation announces new $10 million share repurchase program . Authorization under new repurchase program is in addition to any shares purchased during 2016 under current/former repurchase programs .New repurchase program will begin immediately following completion of currently authorized $20.0 million share repurchase program.  Full Article

Aegion Q2 adjusted non-GAAP share $0.23
Tuesday, 2 Aug 2016 

Aegion Corp : Aegion Corporation reports 2016 second quarter financial results . Q2 adjusted non-GAAP earnings per share $0.23 . Q2 earnings per share $0.10 . Qtrly revenues $297.7 million versus $337.1 million . Q2 earnings per share view $0.22 -- Thomson Reuters I/B/E/S . Contract backlog was $752 million at June 30, 2016, including record backlog for cathodic protection services . 2016 restructuring was substantially completed in Q2'16 with expected pre-tax annual cost reductions of $17 million . Aegion Corp says "Adjusted 2016 EPS will likely fall below adjusted result in 2015" . Says expect adjusted H2 2016 EPS to be largely in line with prior year period .Q2 revenue view $305.0 million -- Thomson Reuters I/B/E/S.  Full Article

Aegion Corp secures Municipal Contract from City of West Palm Beach, Florida
Monday, 11 Apr 2016 

Aegion Corp:Award of a $6.8 million contract from the City of West Palm Beach, Florida for its Insituform Technologies, LLC subsidiary.Insituform is expected to begin the project in May 2016.  Full Article

Aegion Corp announces new $20 million share repurchase program
Friday, 11 Mar 2016 

Aegion Corp:Board of Directors has authorized a new program to repurchase up to $20.0 million of the Company's common stock through the remainder of 2016.  Full Article

BRIEF-David Martin resigns as Aegion Corp CFO

* Aegion - ‍effective November 18, 2017, David A. Martin has resigned his positions as executive vice president and chief financial officer of company​