Aegion Corporation Reports 2020 First Quarter Financial Results
AEGION (AEGN)
Last aegion earnings: 4/29 06:35 pm
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US:NASDAQ Investor Relations:
aegion.com/investor
Company Research
Source: GlobeNewswire
Q1’20 results exceeded expectations; Management providing near-term financial targets for Q2’20 ST. LOUIS, April 29, 2020 (GLOBE NEWSWIRE) -- A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/3da76825-cb66-43cd-a4be-a4853783051b Q1’20 loss per diluted share was $0.05 compared to a loss per diluted share of $0.13 in Q1’19. Q1’20 adjusted (non-GAAP)1 earnings per diluted share were $0.06, in line with results achieved in Q1’19.Revenues for the quarter increased 4% to $287 million. Excluding exited or to-be-exited operations, revenues on a same-store basis improved 9%, driven by increases across all operating segments.Contract backlog as of March 31, 2020 was $648 million. Excluding exited or to-be-exited businesses, backlog increased 3% compared to prior-year levels, driven by a 10% increase in new orders in Q1’20 compared to Q1’19.Ending cash as of March 31, 2020 was $74 million. The Company successfully completed a credit facilit
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