ENP Newswire -
Release date- 05062014 -
The objective for cash flow from operating activities is to increase annually at the rate of earnings per share growth or greater. The expected earnings per share growth also establishes the foundation for a greater than 100 basis point annual improvement in return on invested capital with the goal of reaching 10 percent to 12 percent in 2017.'
The investor day event will outline the strategic imperatives needed to achieve the Company's growth objectives through at least 2017.
The Energy and Mining platform has expanded its comprehensive capabilities to target the growing upstream, midstream and downstream oil and gas segments in
There are promising prospects in the
The Commercial and Structural platform seeks to grow its already strong position in the North American fiber-reinforced polymer market through innovation, a shift to a product-centric sales strategy and investments to significantly enhance its operating capabilities.
The global outlook for the Fibrwrap technology appears very promising through government-led infrastructure rehabilitation efforts, especially to address seismic concerns, in key Asian markets. The objective is to grow revenues for Commercial and Structural from the forecast of
The Water and Wastewater platform has delivered on its promise made in 2011 for greater consistency through improved execution. The North American cured-in-place pipe market is enjoying a cycle of elevated and sustained municipal expenditures that benefit Insituform's market leading position. The international markets are stable in
2014 Financial Guidance
In reviewing the Company's full-year 2014 guidance, Gordon noted that since 2011,
Water and Wastewater is performing in line with expectations for the second quarter. Commercial and Structural will likely end the quarter slightly below expectations, but this platform is positioned for improved performance in the second half of 2014. These factors result in a lower forecast for second quarter earnings per share to
At this time, I do not expect we will make up the shortfall, and as a result, guidance for full-year 2014 earnings per share is now
Webcast and Presentation Materials
A formal question and answer session will conclude the event. Access to the webcast and presentation book may be found at www.aegion.com under the 2014 Investor Day link on the main page. A replay of the video webcast will be available following the presentation. To access the event, link to the website five to ten minutes prior to the scheduled time.
Business activities include manufacturing, distribution, maintenance, construction, installation, coating and insulation, cathodic protection, research and development and licensing. More information about
The Private Securities Litigation Reform Act of 1995 provides a 'safe harbor' for forward-looking statements. The Company makes forward-looking statements in this news release that represent the Company's beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to the Company and on management's beliefs, assumptions, estimates or projections and are not guarantees of future events or results.
When used in this document, the words 'anticipate,' 'estimate,' 'believe,' 'plan,' 'intend,' 'may,' 'will' and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements.
Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the 'Risk Factors' section of the Company's Annual Report on Form 10-K for the year ended
In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, the Company's actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, the Company does not assume a duty to update forward looking statements, whether as a result of new information, future events or otherwise.
Investors should, however, review additional disclosures made by the Company from time to time in its filings with the
Senior Vice President and Chief Financial Officer
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