Aegion Corporation Pre-Announces 2013 First Quarter Diluted Earnings Per Share to Be in the Range of $0.04 to $0.08

  Aegion Corporation Pre-Announces 2013 First Quarter Diluted Earnings Per
  Share to Be in the Range of $0.04 to $0.08

 The Company maintains full year diluted earnings per share guidance of $1.60
                                   to $1.80

Business Wire

ST. LOUIS -- March 27, 2013

Aegion Corporation (Nasdaq Global Select Market: AEGN) expects diluted
earnings per share for the first quarter of 2013 to be in the range of $0.04
to $0.08, below previous expectations as a result of project delays associated
with adverse weather conditions in the quarter as well as customer directed
delays for several scheduled contracts for the Energy & Mining and Commercial
& Structural platforms. These transitional issues impacting the first quarter
do not alter full year expectations for diluted earnings per share in the
range of $1.60 to $1.80.

J. Joseph Burgess, President and Chief Executive Officer, commented,
“Historically, the first quarter represents the smallest in our earnings
cycle, approximately 10 percent of total earnings for the year, because of the
increased probability of delays caused by weather and the seasonal low period
for many of our businesses. Because of this, project timing can have a
disproportionate impact on earnings per share in the first quarter and that’s
been the case this year. We are confident in our ability to recover during the
remainder of 2013 from this unusually slow start as the outlook for the
markets we serve across all the three platforms remains favorable.”

Severe weather during the entire quarter affected parts of Canada as well as
the Midwest and Eastern United States resulting in delays for contracting and
manufacturing activities associated with the North America Water & Wastewater
business and in completing projects for the Commercial & Structural platform.
In addition, several domestic and international contracts for Energy & Mining
and Commercial & Structural expected to begin or be completed by the end of
March have now been pushed further into the calendar year. A contributing
factor for the lower than anticipated earnings in the quarter was an
unexpected slowdown in the pace of pipeline construction by the prime
contractor for the Tite Liner^® project in Morocco during the month of March.
This does not impact the original schedule for completing the lining work this
summer. In the Canadian Oil Sands, soft ground conditions have delayed overall
pipeline construction activity impacting the schedule in the first quarter for
Bayou’s pipe coating projects.

Mr. Burgess continued, “We’ve thoroughly reassessed the outlook for the
remainder of 2013 across all of our businesses based on the visibility we have
for the backlog at this time. We remain committed to our guidance for diluted
earnings per share in the range of $1.60 to $1.80, with cash flow from
operating activities in excess of $100 million, and return on invested capital
in the range of 9 percent to 10 percent. Our confidence for maintaining this
growth outlook comes from the record size and diverse composition of our
backlog at the start of 2013, a robust bid table supporting the opportunity
for securing additional projects this year, and a revised risk adjustment
analysis for the timing of key projects in our current backlog. All of these
factors justify the broad range for our diluted earnings per share guidance
and acknowledges the expectations for greater earnings contributions in the
second half of 2013.”

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

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, 2012, as filed with the Securities and Exchange Commission on February 27,
2013. 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, and Tite Liner^® are registered trademarks of
Aegion Corporation and its affiliates.


Aegion Corporation
David Martin, 636-530-8000
Senior Vice President Investor Relations and Chief Financial Officer
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