Aegion Results Miss Estimates - Quick Facts

(RTTNews) - Aegion Corp (AEGN) Tuesday reported second-quarter net earnings of $12.4 million or $0.32 per share, compared with $13.2 million or $0.34 per share last year.

Excluding items, adjusted earnings for the quarter were $0.34 per share.

Revenue for the quarter was up 33.4% at $322.9 million, compared with $242 million in the prior year.

Analysts polled by Thomson Reuters projected earnings of $0.35 per share on revenue of $328.7 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead, CEO Chuck Gordon said, "Aegion enjoys favorable end markets that support both our current expectations for growth in 2014, as well as our strategy to achieve sustainable growth and improve return on invested capital."

St. Louis, Missouri-based Aegion is engaged in infrastructure protection and maintenance, providing proprietary technologies and services.