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Aegion Corp (AEGN.OQ)

AEGN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Aegion Says Executed 3rd Amendment To Current Credit Agreement
Friday, 14 Dec 2018 03:37pm EST 

Dec 14 (Reuters) - Aegion Corp ::AEGION CORP - EXECUTED 3RD AMENDMENT TO ITS CURRENT CREDIT AGREEMENT, DATED OCT 30, 2015 - SEC FILING.AEGION CORP - 3RD AMENDMENT REDUCES AGGREGATE REVOLVING COMMITMENTS BY $50 MILLION TO $225 MILLION.AEGION CORP - 3RD AMENDMENT TO INCREASE CERTAIN COMMITMENTS BY UP TO $300 MILLION, WHICH IS INCREASED FROM $225 MILLION.  Full Article

Aegion Expects 2018 Revenues To Decline 1 Pct To 3 Pct
Wednesday, 31 Oct 2018 08:14am EDT 

Oct 31 (Reuters) - Aegion Corp ::EXPECT FY 2018 TOTAL REVENUES TO DECLINE 1% TO 3% FROM 2017'S RESULTS - SEC FILING.FY2018 REVENUE VIEW $1.34 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aegion Corporation Q3 Loss Per Share $0.01
Tuesday, 30 Oct 2018 07:42pm EDT 

Oct 30 (Reuters) - Aegion Corp ::ORATION REPORTS 2018 THIRD QUARTER FINANCIAL RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.45.Q3 LOSS PER SHARE $0.01.Q3 REVENUE $340 MILLION VERSUS I/B/E/S VIEW $344.2 MILLION.Q3 EARNINGS PER SHARE VIEW $0.46 -- THOMSON REUTERS I/B/E/S.MANAGEMENT NOW TARGETING ADJUSTED EPS GROWTH OF 15% TO 20% IN 2018.EXITING MULTIPLE UNDERPERFORMING OPERATIONS.  Full Article

Aegion Corporation Reports Q2 Earnings Per Share $0.24
Wednesday, 1 Aug 2018 07:34pm EDT 

Aug 1 (Reuters) - Aegion Corp ::ORATION REPORTS 2018 SECOND QUARTER FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $0.24.Q2 EARNINGS PER SHARE VIEW $0.38 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.34.CONTRACT BACKLOG AS OF JUNE 30, 2018 REMAINS AT $738 MILLION.QTRLY REVENUES $335.03 MILLION VERSUS $354.5 MILLION.Q2 REVENUE VIEW $336.8 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Aegion Corp appoints David Morris as chief financial officer effective April 17, 2018
Wednesday, 18 Apr 2018 08:30pm EDT 

April 18 (Reuters) - Aegion Corp ::ORATION ANNOUNCES MANAGEMENT TRANSITIONS.APPOINTMENT OF DAVID F. MORRIS AS ITS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 17, 2018.  Full Article

David Martin resigns as Aegion Corp CFO
Monday, 20 Nov 2017 08:15am EST 

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
Wednesday, 1 Nov 2017 06:00pm EDT 

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
Monday, 2 Oct 2017 06:00pm EDT 

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