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Infrastructure and Energy Alternatives Inc (IEA.OQ)

IEA.OQ on NASDAQ Stock Exchange Capital Market

3.82USD
23 Aug 2019
Change (% chg)

$-0.09 (-2.30%)
Prev Close
$3.91
Open
$3.90
Day's High
$3.94
Day's Low
$3.78
Volume
14,622
Avg. Vol
123,054
52-wk High
$10.95
52-wk Low
$1.82

Latest Key Developments (Source: Significant Developments)

Infrastructure And Energy Alternatives Q2 Loss Per Share $0.61
Wednesday, 14 Aug 2019 

Infrastructure And Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES SECOND QUARTER 2019 RESULTS, ADDITIONAL EQUITY COMMITMENT AND OTHER POTENTIAL FINANCING AND SALE TRANSACTIONS.Q2 LOSS PER SHARE $0.61.SEES FY 2019 REVENUE $1.0 BILLION TO $1.2 BILLION.Q2 REVENUE ROSE 88 PERCENT TO $328 MILLION.BACKLOG INCREASED FROM $2.2 BILLION AT MARCH 31, 2019 TO $2.6 BILLION AT JUNE 30, 2019.REITERATE FULL-YEAR 2019 ADJUSTED EBITDA GUIDANCE OF $90 TO $110 MILLION.INFRASTRUCTURE AND ENERGY ALTERNATIVES - ENTERED INTO EQUITY COMMITMENT AGREEMENT WITH FUNDS MANAGED BY ARES MANAGEMENT AND OAKTREE CAPITAL MANAGEMENT.INFRASTRUCTURE AND ENERGY ALTERNATIVES - TO SELL 50,000 SHARES OF SERIES B PREFERRED STOCK AND 900,000 WARRANTS TO BUY COMMON STOCK TO ARES FOR $50.0 MILLION.ARES WILL HAVE RIGHT TO DESIGNATE AN ADDITIONAL MEMBER OF COMPANY'S BOARD FOLLOWING SEPTEMBER 13.ENTERED INTO A NON-BINDING INDICATIVE TERM SHEET WITH ARES.INFRASTRUCTURE AND ENERGY ALTERNATIVES - TERM SHEET PROVIDES FOR SALE TO ARES & THIRD PARTY ADDITIONAL 110,000 SERIES B PREFERRED SHARES & 4.6 MILLION WARRANTS FOR $110 MILLION.  Full Article

Infrastructure & Energy Alternatives Inc Files Non-Timely 10-Q With U.S. SEC
Saturday, 10 Aug 2019 

Aug 9 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE & ENERGY ALTERNATIVES INC FILES NON-TIMELY 10-Q WITH U.S. SEC - SEC FILING.INFRASTRUCTURE AND ENERGY ALTERNATIVES - CO IS CURRENTLY IN FINAL STAGES OF NEGOTIATIONS WITH RESPECT TO A SIGNIFICANT TRANSACTION.INFRASTRUCTURE AND ENERGY ALTERNATIVES - OUTCOME OF NEGOTIATION WILL IMPACT CO'S FINANCIAL STATEMENTS, DISCUSSION OF LIQUIDITY, CAPITAL RESOURCES IN FORM 10-Q.INFRASTRUCTURE AND ENERGY ALTERNATIVES - DUE TO NEGOTIATION, CO NEEDS ADDITIONAL TIME TO FINALIZE FINANCIAL STATEMENTS THAT WILL BE INCLUDED IN FORM 10-Q.  Full Article

Infrastructure And Energy Alternatives Announces Wind Contract Award
Friday, 2 Aug 2019 

Aug 2 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES WIND CONTRACT AWARD.INFRASTRUCTURE AND ENERGY - AWARD IS FOR CONSTRUCTION OF NEOSHO RIDGE WIND PROJECT IN NEOSHO COUNTY, KANSAS, AN APPROXIMATE 300-MEGAWATT PROJECT.INFRASTRUCTURE AND ENERGY ALTERNATIVES INC - PROJECT WORK IS SCHEDULED TO COMMENCE IN AUGUST 2019 AND COMPLETION IS EXPECTED IN Q4 OF 2020.  Full Article

Ares Management Reports 6.4% Stake In Infrastructure And Energy Alternatives Inc As Of May 20
Friday, 24 May 2019 

May 23 (Reuters) - Infrastructure and Energy Alternatives Inc ::ARES MANAGEMENT LLC REPORTS 6.4% STAKE IN INFRASTRUCTURE AND ENERGY ALTERNATIVES INC AS OF MAY 20 - SEC FILING.ARES MANAGEMENT SAYS HAVE RIGHT TO DESIGNATE AND APPOINT ONE DIRECTOR TO INFRASTRUCTURE AND ENERGY ALTERNATIVES’ BOARD AND HAVE NOT YET EXERCISED IT.  Full Article

Infrastructure And Energy Alternatives Reports Q1 Loss Per Share $1.06
Thursday, 16 May 2019 

May 16 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 LOSS PER SHARE $1.06.SEES FY 2019 REVENUE $1.0 BILLION TO $1.2 BILLION.Q1 REVENUE ROSE 281 PERCENT TO $190.8 MILLION.BACKLOG INCREASED FROM $2.1 BILLION AT DECEMBER 31, 2018 TO $2.2 BILLION AT MARCH 31, 2019.REITERATING FULL-YEAR 2019 GUIDANCE FOR $1.0 BILLION TO $1.2 BILLION OF REVENUES.  Full Article

Infrastructure And Energy Alternatives Q1 Revenue Rose 281 Percent To $190.8 Mln
Friday, 10 May 2019 

May 10 (Reuters) - Infrastructure and Energy Alternatives Inc ::INFRASTRUCTURE AND ENERGY ALTERNATIVES, INC. ANNOUNCES FIRST QUARTER 2019 RESULTS AND RESCHEDULES EARNINGS CONFERENCE CALL.SEES FY 2019 REVENUE $1.0 BILLION TO $1.2 BILLION.Q1 REVENUE ROSE 281 PERCENT TO $190.8 MILLION.BACKLOG INCREASED FROM $2.1 BILLION AT DECEMBER 31, 2018 TO $2.2 BILLION AT MARCH 31, 2019.QTRLY LOSS PER SHARE $1.06.SEES 2019 ADJUSTED EBITDA TO BE IN RANGE OF $90 MILLION TO $110 MILLION.  Full Article

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