Aegion Corp (AEGN) Q4 2019 Earnings Call Transcript

  • Date: 28-Feb-2020
  • Source: The Motley Fool
  • Sector:Financial Markets
  • Country:Gulf
  • Who else needs to know?

Aegion Corp (AEGN) Q4 2019 Earnings Call Transcript

Good morning, and welcome to Aegion Corporation's Fourth Quarter and Full Year 2019 Earnings Conference Call.. On the line with me are Chuck Gordon, Aegion's President and Chief Executive Officer; and David Morris, Aegion's Executive Vice President and Chief Financial Officer.. Across the rest of the business, 21 of our offices work instant free and 61 completed the year without no issue recordable.. United Pipeline Systems, our industrial linings business was a standout performer in our Corrosion Protection segment by doubling its earnings contributions compared to the prior year.. And third, our Energy Services segment delivered its third consecutive year of double-digit adjusted earnings growth with demand for our core maintenance services reaching record highs.. We ended 2019 with total contract backlog of nearly $660 million, when excluding the impact of exited, or to be exited business where order intake was impacted due to restructuring actions, backlog in our remaining business has increased 3% and supports our outlook for revenue growth in 2020.. Despite our decision to exit installation activities internationally, we remain focused on expanding our global product sales to allow us to continue to leverage our strong manufacturing presence with a lower risk and higher margin operating model..