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Infrastructure and Energy Alternatives Inc (IEA.OQ)

IEA.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Infrastructure And Energy Alternatives Sees FY 2019 Revenue $1.0 Bln-$1.2 Bln
Tuesday, 19 Feb 2019 

Feb 19 (Reuters) - Infrastructure and Energy Alternatives Inc ::SEES FY 2019 REVENUE $1.0 BILLION TO $1.2 BILLION.NOW EXPECTS PRO FORMA REVENUE IN RANGE OF $1.25 BILLION TO $1.26 BILLION FOR 2018.SEES ADJUSTED EBITDA IN RANGE OF $80 MILLION TO $85 MILLION FOR 2018.SEES ADJUSTED EBITDA IN RANGE OF $90 MILLION TO $110 MILLION FOR 2019.INFRASTRUCTURE AND ENERGY ALTERNATIVES - ADVERSE WEATHER CONDITIONS MATERIALLY REDUCED ANTICIPATED REVENUE FOR 2018 FROM LEGACY WIND BUSINESS.  Full Article

Infrastructure and Energy Alternatives reports third quarter results
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $0.17.Q3 REVENUE ROSE 57 PERCENT TO $279.3 MILLION.BACKLOG OF $1.3 BILLION AT SEPTEMBER 30, 2018, UP FROM $1.0 BILLION AT SEPTEMBER 30, 2017.INFRASTRUCTURE AND ENERGY ALTERNATIVES - FOR FULL YEAR 2018, REVENUES ON A COMBINED PRO FORMA WOULD BE EXPECTED TO RANGE FROM $1.27 BILLION TO $1.36 BILLION.INFRASTRUCTURE AND ENERGY ALTERNATIVES-SEES FY 2018 ADJUSTED EBITDA, AFTER PRO FORMA EFFECT TO EXPECTED COST SAVINGS & SYNERGIES, FROM $110 MILLION TO $130 MILLION.  Full Article

Infrastructure And Energy Alternatives Announces Q2 Earnings Per Share $0.14
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.14.SEES FY 2018 REVENUE $685 MILLION TO $730 MILLION.Q2 REVENUE ROSE 64 PERCENT TO $174.1 MILLION.BACKLOG OF $1.0 BILLION AT JUNE 30, 2018, AS COMPARED TO $348.0 MILLION AT JUNE 30, 2017.ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT FOR STRATEGIC ACQUISITION OF SAIIA AND ACC COMPANIES.FULL YEAR 2018, COMPANY NOW EXPECTS REVENUE OF $685 MILLION TO $730 MILLION.TO ACQUIRE SAIIA AND ACC COMPANIES IN AN ALL-CASH TRANSACTION FOR $145 MILLION.ADJUSTED FREE CASH FLOW FROM OPERATIONS OF $40 MILLION TO $45 MILLION FOR 2018.EXPECT UPON CLOSING, ACC WILL ADD APPROXIMATELY $265 MILLION TO TOTAL BACKLOG.INFRASTRUCTURE AND ENERGY ALTERNATIVES - INTENDS TO FUND TRANSACTION AND REPAY EXISTING CREDIT FACILITY WITH BORROWINGS UNDER A NEW CREDIT FACILITY.NEW CREDIT FACILITY INCLUDES A $200 MILLION TERM LOAN AVAILABLE TO FINANCE DEAL.NEW CREDIT FACILITY INCLUDES A $50 MILLION ASSET BASED REVOLVING CREDIT FACILITY.NEW CREDIT FACILITY WILL REFINANCE AND REPLACE COMPANY'S EXISTING FACILITY.INFRASTRUCTURE AND ENERGY ALTERNATIVES - ANTICIPATES PROPOSED TRANSACTION WITH ACC WILL CONTRIBUTE APPROXIMATELY $55 MILLION - $65 MILLION IN REVENUE TO Q4.CONFIDENT REVENUE THAT WAS DEFERRED FROM Q4 WILL BE RECOVERED IN Q1 OF 2019.EXPECT THAT UPON CLOSING, ACC WILL CONTRIBUTE REVENUE OF APPROXIMATELY $285 MILLION - $300 MILLION IN 2018.  Full Article

M III Acquisition Postpones Special Meeting Of Stockholders To March 21
Tuesday, 20 Mar 2018 

March 20 (Reuters) - M III Acquisition Corp ::M III ACQUISITION CORP. ANNOUNCES NEW MEETING DATE FOR THE SPECIAL MEETING OF STOCKHOLDERS TO APPROVE PROPOSED BUSINESS COMBINATION WITH IEA ENERGY SERVICES LLC AND ENTRY INTO CERTAIN AGREEMENTS.M III ACQUISITION CORP - ‍ DECIDED TO POSTPONE SPECIAL MEETING UNTIL WEDNESDAY, MARCH 21, 2018 AT 10:00 A.M., EASTERN TIME​.M III ACQUISITION CORP - ‍RECORD DATE FOR MEETING HAS NOT CHANGED​.M III ACQUISITION - ENTERED COMMITMENT AGREEMENTS OR BACKSTOP AGREEMENTS WITH A TOTAL OF 11 INVESTORS WHO HAVE AGREED TO SUPPORT TRANSACTION​.  Full Article

M III Acquisition Announces New Meeting Date For Special Meeting Of Stockholders
Thursday, 15 Mar 2018 

March 15 (Reuters) - M Iii Acquisition Corp ::M III ACQUISITION CORP. ANNOUNCES NEW MEETING DATE FOR THE SPECIAL MEETING OF STOCKHOLDERS TO APPROVE PROPOSED BUSINESS COMBINATION WITH IEA ENERGY SERVICES LLC.M III ACQUISITION CORP - MOVED SPECIAL MEETING OF STOCKHOLDERS TO APPROVE PROPOSED BUSINESS COMBINATION WITH IEA ENERGY SERVICES LLC​.M III ACQUISITION CORP - ‍SPECIAL MEETING WAS PREVIOUSLY SCHEDULED FOR MARCH 15, 2018 BUT HAS BEEN RESCHEDULED TO MARCH 20, 2018​.  Full Article

M III Acquisition Announces New Meeting Date For Meeting Of Stockholders To Approve Proposed Business Combination With IEA Energy Services Llc
Monday, 12 Mar 2018 

March 12 (Reuters) - M Iii Acquisition Corp ::M III ACQUISITION CORP. ANNOUNCES NEW MEETING DATE FOR THE SPECIAL MEETING OF STOCKHOLDERS TO APPROVE PROPOSED BUSINESS COMBINATION WITH IEA ENERGY SERVICES LLC.M III ACQUISITION CORP - SPECIAL MEETING HAS BEEN RESCHEDULED TO MARCH 15, 2018, AT 10:00 A.M., EASTERN TIME.  Full Article

M Iii Acquisition Corp. Announces New Meeting Date For The Special Meeting Of Stockholders
Friday, 2 Mar 2018 

March 2 (Reuters) - M Iii Acquisition Corp ::M III ACQUISITION CORP. ANNOUNCES NEW MEETING DATE FOR THE SPECIAL MEETING OF STOCKHOLDERS TO APPROVE PROPOSED BUSINESS COMBINATION WITH IEA ENERGY SERVICES LLC.M III ACQUISITION - ‍ NEW MEETING DATE FOR SPECIAL MEETING OF STOCKHOLDERS RESCHEDULED TO MARCH 12, 2018, AT 10:00 A.M., ET.M III ACQUISITION CORP - ‍RECORD DATE FOR SPECIAL MEETING HAS NOT CHANGED​.  Full Article

M III Acquisition Entered Into Amendment No. 3 To Agreement And Plan Of Merger
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - M III Acquisition Corp ::M III ACQUISITION - ‍ ON JAN 9, CO ENTERED INTO AMENDMENT NO. 3 TO AGREEMENT AND PLAN OF MERGER, DATED AS OF NOV 3, 2017 - SEC FILING​.M III ACQUISITION - ‍AMENDMENT FOR INCREASING 2018 EARNOUT THRESHOLD TO $65 MILLION PLUS AMOUNT BY WHICH ADJUSTED EBITDA FOR YEAR ENDED DEC 31 IS BELOW $52.7 MILLION.M III ACQUISITION - ‍ IEA ANTICIPATES IMPACT OF DEFERRAL OF PROJECT START DATES TO 2018 WILL BE TO SHIFT ABOUT $28.0 MILLION OF REVENUE FROM 2017 TO 2018​.  Full Article

M III Acquisition Corp and IEA Energy Services announce signing of merger agreement
Friday, 3 Nov 2017 

Nov 3 (Reuters) - M III Acquisition Corp :M III Acquisition Corp and IEA Energy Services Llc announce signing of merger agreement for business combination.M III Acquisition Corp - ‍under terms of purchase agreement, aggregate purchase price payable at closing of proposed transaction will be $255 million​.M III Acquisition Corp - ‍following deal, IEA will hold all of existing renewable energy EPC businesses of infrastructure and energy alternatives.M III Acquisition Corp - ‍cash component of purchase consideration is to be funded by cash in account established in connection with IPO.M III Acquisition Corp - ‍upon consummation of deal, is anticipated existing owners will hold approximately 34% of outstanding common stock of IEA​.M III Acquisition -‍funds managed by power opportunities group of oaktree capital management, IEA management team to hold significant ownership in IEA.  Full Article