News Column

BRIEF: Aegion reports lower 2Q profit

July 30, 2014

By Jacob Barker, St. Louis Post-Dispatch



July 30--Updated at 6:30 p.m. with new bottom-line figure.

Chesterfield-based infrastructure company Aegion Corp. just missed analysts' expectations with a second-quarter profit that declined 6 percent from a year ago.

Net income at the industrial piping and infrastructure engineering firm was $12.4 million, or 32 cents a share, in the quarter ended June 30. That compares to $13.2 million, or 34 cents a share, a year earlier.

Adjusted earning, which excluded acquisition-related expenses, was 34 cents a share in the second quarter. Analysts surveyed by Bloomberg had expected earnings per share of 34.7 cents.

Sales rose 33 percent to $323 million due to acquisitions.

The earnings were released after the market closed Tuesday. Aegion's stock closed down 1 percent, at $21.94.

Jacob Barker is a business reporter at the Post-Dispatch. Follow him on Twitter @jacobbarker and the Business section @postdispatchbiz.

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Source: St. Louis Post-Dispatch (MO)


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