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Aegion swings to a quarterly profit

Aegion swings to a quarterly profit

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Aegion Corp. swung to a profit in the third quarter as last year's realignment and restructuring boosted the bottom line. 

The Chesterfield-based pipe repair firm reported net income of $14.8 million, or 40 cents per share, compared with a loss of $17.1 million, or 45 cents per share, a year earlier.

Excluding items, adjusted earnings were 44 cents a share, more than the 41 cents that analysts, on average, were expecting, according to Thomson Reuters I/B/E/S.

Quarterly revenue rose 2 percent $356.6 million.

EDITOR'S NOTE: Updated at 5:55 p.m. with GAAP earnings

Tim Bryant • 314-340-8206

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