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Aegion Corporation (AEGN)

  • Oct. 7, 2014, 12:45 PM
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  • Aug. 16, 2013, 3:23 PM
  • 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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  • 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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  • 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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  • 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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  • Sep. 30, 2011, 1:58 PM
    Insituform Technologies (INSU -13.9%) has had an interesting ride over the last 2 days. After getting clobbered yesterday on an earnings warning, shares rallied in late-day trading to close up 1%. But they're crashing again today after Wedbush downgrades them to Neutral, citing "persistent challenges" and "poor earnings visibility."
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  • Sep. 29, 2011, 8:58 AM
    Insituform Technologies (INSU) drops 14.9% after the provider of infrastructure protection technologies and services warns its 2011 EPS will be in a range of $0.90-$1.00, below a consensus of $1.19. The company blames weakness in both its Sewer Rehabilitation and Energy and Mining divisions.
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  • Sep. 14, 2011, 9:58 AM
    Shares of Insituform Technologies (INSU -7.3%) sink after Oppenheimer downgrades the firm to Underperform from a Perform rating, as poor weather and flooding hurts the piping and sewer business in the near term. Estimates on earnings were slashed to $1.00, well-below the company's guidance of $1.30-$1.40 and consensus estimate of $1.25.
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  • Aug. 29, 2011, 11:21 AM
    Insituform Technologies (INSU +5.9%) pops this morning after Janney Capital ups it to buy on valuation. Janney says its energy, mining, and sewer rehabilitation businesses in Europe and Asia are all well-positioned for growth in H2.
  • Jun. 16, 2011, 4:15 PM
    Insituform Technology (INSU -13%) drops after guiding FY11 estimates lower. CEO Joe Burgess says project delays and bad weather hurt its sewer rehabilitation business, and he expects the division to generate significantly less income than anticipated.
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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.