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Aegion Corporation (AEGN)

  • Oct. 30, 2013, 5:36 AM
    • Aegion Corporation (AEGN): Q3 EPS of $0.44 misses by $0.10.
    • Revenue of $307.6M misses by $29.06M. (PR)
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  • Aug. 20, 2013, 3:52 PM
    • It's not surprising Q3  guidance in the water and renewable-energy sector was relatively subdued given mixed economic data and continuation of delayed orders for big projects, says Wedbush, however ...
    • Only Tetra Tach ((TTEK) showed ill-effect from the sequestration and instead there are encouraging signs out of municipalities.
    • Xylem (XYL) and Watts Water (WTS) said Europe had been worse than expected, but saw recent stabilization. While several noted weakness in China, A.O. Smith (AOS) bucked the trend with a 30% increase in sales there.
    • Wedbush's favorites  are low-risk, high performers like Pentair (PTR), Franklin Electric (FELE), and Valmont Industries (VMI). Valmont is a controversial name, but the team fells concerns over slowing irrigation business are baked into the stock and the valuation - particularly given the balance sheet and ROIC - is compelling.
    • Names to avoid are Nuverra Environmental (NES), Aegion (AEGN), and Energy Recovery (ERII) given disappointing quarters for the first two and an extremely overvalued ERII.
    • ETFs of note: FIW, CGW, PHO, PIO.
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  • Aug. 16, 2013, 3:23 PM
    • Aegion (AEGN +1.8%) moves up after announcing that its subsidiary, Insituform Technologies USA, has won a $6.7M contract from the Metropolitan St. Louis Sewer District.
    • The company previously won two contracts in April valued at approximately $10.4M.
    • The project entails Insituform installing over 34 miles of its cured-in-place pipe in wastewater pipelines ranging from 8-inches in diameter to 60-inches in diameter throughout the city of St. Louis and surrounding county, as part of a $.4.6B capital improvement and replacement plan.
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  • Jul. 31, 2013, 4:12 AM
    • Aegion (AEGN): Q2 EPS of $0.34 misses by $0.05.
    • Revenue of $242.1M misses by $29.3M. (PR)
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  • Jul. 12, 2013, 1:27 PM
    Aegion's (AEGN -0.3%) Insituform Technologies gets a $10.6M contract from the city of Montreal to "rehabilitate" nine miles of wastewater pipelines. (PR)
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  • Jun. 27, 2013, 12:53 PM
    Aegion (AEGN +2.6%) gains after saying its Insituform Technologies unit has been awarded a $16M contract from the City of Baltimore, Maryland to install over 170K feet of its small- and medium-diameter pipe in wastewater pipelines located in urban areas in the north and east portions of the city. Work is expected to begin in Q3, and will take approximately 16 months to complete. Since last December, the City of Baltimore has awarded Insituform over $46M in contracts.
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  • Jun. 26, 2013, 11:38 AM
    Aegion (AEGN -1.3%) has sold its 50% interest in Insituform Rohrsanierungstechniken GmbH to the Danish company Per Aarsleff A/S, for €14M, or about $18.3M. The company was already jointly owned with Aarsleff. In connection with the sale, Insituform-Germany enters into a product supply agreement with AEGN to purchase on an annual basis at least $3.6M of felt cured-in-place pipe liners during a two-year period from June, 2013 to June, 2015.
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  • Jun. 25, 2013, 9:24 AM
    Aegion (AEGN) agrees to acquire Brinderson L.P. for $150M, a deal that opens up the pipeline rehabilitation company to a new end market for the maintenance of upstream and downstream facilities. AEGN maintains its 2013 EPS guidance at $1.60-$1.80; sees 2013 return on invested capital of 7%-8%, lower than previous guidance.
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  • Feb. 26, 2013, 5:14 AM
    Aegion (AEGN): Q4 EPS of $0.39 misses by $0.03. Revenue of $274.6M misses by $8M. (PR)
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  • Dec. 11, 2012, 2:48 PM
    Aegion (AEGN +1.2%) moves up after its Hong Kong subsidiary, Fyfe Hong Kong Ltd., lands a contract valued at $8.5M for the rehabilitation of potable water pipelines for the Government of Hong Kong Water Supplies Department.
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  • Oct. 31, 2012, 5:49 PM
    Aegion (AEGN): Q3 EPS of $0.50 misses by $0.03. Revenue of $265M (+7.7% Y/Y) misses by $21M. (PR)
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  • Sep. 4, 2012, 3:39 PM
    Aegion (AEGN +1.5%) trades higher today after saying that its Hong Kong subsidiary received a three-year, $13M contract from the Government of Hong Kong Water Supplies Department for the rehabilitation of potable steel water pipelines.
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  • Aug. 1, 2012, 3:39 PM
    Aegion (AEGN +5.3%), which posted an encouraging Q2 on Monday on improving operating conditions and margins, gets another boost today from an upgrade to Buy at Ladenburg Thalmann. In its note to clients, the firm says the results suggest the plan to return to profitability that management laid out at the end of 2011 is working.
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  • Jul. 30, 2012, 8:27 PM
    Aegion (AEGN): Q2 EPS of $0.33 misses by $0.01. Revenue of $257M in-line. Reaffirms FY12 adjusted EPS $1.40-$1.60, in-line with Street consensus. (PR)
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  • Oct. 24, 2011, 10:57 AM
    Insituform Technologies (INSU) tacks on a 3.3% gain after announcing one of its joint ventures landed a $67.3M contract to install pipeline in Morocco. The company expects to see $120M of revenue in FY12 from business in the Middle East and Africa.
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  • Oct. 10, 2011, 12:43 PM
    Insituform Technologies (INSU +7.8%) gets a boost from its announcement of of a $10M stock buyback, saying it plans to buy up to $5M through the end of 2011, and the remainder throughout 2012.
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Company Description
Aegion Corp is engaged in infrastructure protection. It offers proprietary technologies and services to protect against corrosion of industrial pipelines and rehabilitation and strengthening of sewer and mining piping systems, buildings and structures.