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AEGN

Aegion

$20.44 /

-0.85 (-3.99%)

18:23
02/26/20
02/26
18:23
02/26/20
18:23

Aegion reports Q4 adj. EPS 39c, consensus 40c

Reports FY19 revenue $1.21B, consensus $1.22B. CEO Charles Gordon says: "2019 was a turning point for Aegion. After several years of earnings volatility, we achieved the adjusted earnings targets we laid out at the start of the year, which included modest growth in adjusted earnings per share and improved profitability margins. Our results reaffirm the effectiveness of the multi-year restructuring efforts to reshape Aegion into a more streamlined and focused company. Looking to 2020, we enter the year with a strong backlog position and expect to capitalize on growth opportunities from market tailwinds in each of our three core segments. We are targeting solid top-line growth and a significant increase in adjusted earnings per share in 2020, driven by the successful commercialization of several new technology offerings within Infrastructure Solutions and a robust Middle East project funnel within Corrosion Protection."

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