Aegion Corp

CIK:0000353020|SEC Filings
v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues [1] $ 181,191 $ 196,312
Cost of revenues 138,473 156,025
Gross profit [1] 42,718 40,287
Operating expenses 36,986 39,023
Acquisition and divestiture expenses 4,971 852
Restructuring and related charges (reversals) (25) 1,192
Operating income (loss) 786 (780)
Other income (expense):    
Interest expense [2] (2,034) (2,519)
Interest income 306 228
Other 219 425
Total other expense (1,509) (1,866)
Loss before tax benefit (723) (2,646)
Tax benefit on loss (58) (110)
Loss from continuing operations (665) (2,536)
Income from discontinued operations 2,026 1,233
Net income (loss) 1,361 (1,303)
Non-controlling interests income (524) (329)
Net income (loss) attributable to Aegion Corporation $ 837 $ (1,632)
Basic:    
Loss from continuing operations (in dollars per share) $ (0.04) $ (0.09)
Income from discontinued operations (in dollars per share) 0.07 0.04
Net income (loss) (in dollars per share) 0.03 (0.05)
Diluted:    
Loss from continuing operations (in dollars per share) (0.04) (0.09)
Income from discontinued operations (in dollars per share) 0.07 0.04
Net income (loss) (in dollars per share) $ 0.03 $ (0.05)
[1] Revenues and gross profit are attributed to the country of origin
[2] Other income in the first quarter of 2021 includes gains of $0.1 million related to restructuring (see Note 4) and a gain of $0.2 million related to the divestiture of Bayou. Other income in the first quarter of 2020 includes $0.6 million of restructuring charges (see Note 4) and gains of $0.4 million related to divestitures of Insituform Australia and Insituform Spain (see Note 1).