Aegion Corporation (Nasdaq Global Select Market: AEGN) hosts its inaugural investor day event today in New York City with a comprehensive review of our technologies and services to execute a sustainable growth strategy centered on improving margins, earnings growth and improving return on invested capital. J. Joseph Burgess, President and CEO, will detail Aegion’s growth strategy, the foundation of which utilizes our strong core competencies in wastewater pipe rehabilitation to form a diversified platform of technologies across energy and mining pipeline protection as well as commercial structures and water and wastewater pipeline rehabilitation. These platforms form a new foundation for the path forward to achieve our stated objective of 15 percent return on invested capital. “2012 marks the beginning of Aegion as a diversified, growth and return-oriented company focused on the key areas of strong demand in markets within the energy, mining, and commercial infrastructure protection and rehabilitation industries,” Burgess said. Our operating executives will detail to investors the advantages these technologies bring to the sizeable, global, and addressable markets for pipeline protection and rehabilitation in energy and mining applications and commercial rehabilitation of structures through a patented fiber-reinforced polymer technology, Fibrwrap ®. The investor day event will outline three key strategic imperatives to achieve our growth objectives in 2012 and beyond:
- Demonstrate consistency through strong execution in the North American Water and Wastewater business and international markets to maximize the conversion of earnings to cash.
- Expand the comprehensive suite of technologies in the Energy and Mining platform to targeted markets outside North America with sustainable capital expenditures and observable risk factors.
- Increase investment in the Commercial and Structural platform to accelerate the conversion from traditional rehabilitation methods to Fibrwrap® and to open new markets through geographic expansion. Robust investment in innovation extends the patent life of existing technologies with the potential for new markets through new products.
Webcast and Presentation MaterialsAegion will stream audio and video of the investor day event live via webcast from 9 am to noon Eastern Daylight Time. The event begins with an overview by President and CEO J. Joseph Burges followed by a series of presentations by operating executives representing the Energy and Mining, Water and Wastewater and Commercial and Structural groups. A formal question and answer session will conclude the event. Access to the webcast, presentation slides and speaker bios may be found at www.aegion.com under the 2012 Investor Day link on the main page. A replay of the video webcast will be available following the presentation. Aegion Corporation is a global leader in infrastructure protection, providing proprietary technologies and services to protect against the corrosion of industrial pipelines and for the rehabilitation and strengthening of water, wastewater, energy and mining piping systems and buildings, bridges, tunnels and waterfront structures. More information about Aegion can be found on our internet site at www.aegion.com . Forward-Looking Statements The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. We make forward-looking statements in this news release that represent our beliefs or expectations about future events or financial performance. These forward-looking statements are based on information currently available to us and on management’s beliefs, assumptions, estimates or projections and are not guarantees of future events or results. When used in this document, the words “anticipate,” “estimate,” “believe,” “plan,” “intend, “may,” “will” and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Such statements are subject to known and unknown risks, uncertainties and assumptions, including those referred to in the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2011, as filed with the Securities and Exchange Commission on February 28, 2012. In light of these risks, uncertainties and assumptions, the forward-looking events may not occur. In addition, our actual results may vary materially from those anticipated, estimated, suggested or projected. Except as required by law, we do not assume a duty to update forward-looking statements, whether as a result of new information, future events or otherwise. Investors should, however, review additional disclosures made by us from time to time in our periodic filings with the Securities and Exchange Commission. Please use caution and do not place reliance on forward-looking statements. All forward-looking statements made by us in this news release are qualified by these cautionary statements.
Aegion™, the Aegion™ logo, Insituform ®, the Insituform ® logo, United Pipeline Systems ®, Bayou Companies™, Corrpro ®, CRTS™, Fibrwrap ® and Fyfe™ are the registered and unregistered trademarks of Aegion Corporation and its affiliates.